Similar Posts

– Advertisement –

7 Comments

  1. fyi
    PEACE NETWORK SAYS IT’S TIME FOR KIWISAVER TO QUIT WEAPONS INDUSTRY

    A New Zealand peace network says it’s time for KiwiSaver to quit its investments in Lockheed Martin, the world’s biggest weapons manufacturer, which has four bases in New Zealand and works closely with the NZ government.

    Lockheed Martin produces nuclear weapons and last year had revenues of more than $67 billion, and they are being called out.

    World BEYOND War Aotearoa spokesperson Liz Remmerswaal says that’s an unbelievable amount of money based on an horrific amount of harm to both people and the environment.

    ‘Lockheed Martin is making a killing out of killing”, says Mrs Remmerswaal.
    ‘Its profits are going through the roof, with stock increases of nearly 30% since the war with Ukraine began, and we’re sure that many kiwis would not be happy with that.”

    ‘Lockheed Martin’s products have been used to spread death and destruction around the world, not least in Ukraine, as well as Yemen and other war torn countries where civilians are the casualties.

    ‘We’re telling Lockheed Martin that it needs to stop making profits from war and threatening the world with nuclear death, and the New Zealand government should not be dealing with such a dubious company.
    We encourage Lockheed to transition to creating a peaceful and sustainable business economy that they can be proud of,’ she says.

    Ethical investments expert Barry Coates of Mindful Money says the 2021 value of KiwiSaver investments in Lockheed Martin was $419,000, while their holdings in other retail investment funds is far higher, at $2.67 million. These investments are mainly in the KiwiSaver funds that have index-linked investments, such as the list of the largest US listed companies. Other weapons manufacturers, such as Northropp Gruman and Raytheon, show similar increases in profits.

    Mr Coates says New Zealanders do not expect that their hard-earned savings to be invested in companies like Lockheed Martin that make nuclear weapons and sell other weapons for use in the most brutal conflicts around the world, such as Yemen, Afghanistan, Syria and Somalia as well as Ukraine.

    This comes during a global week of action against the company, (https://www.stoplockheedmartin.org/ ) which has seen campaigners protest at sites across the United States, Canada, Australia and Europe, as well as Colombo, Japan and Korea, with a number of actions around New Zealand during the week.

    The week of action is coinciding with the company’s annual general meeting on 21st April which was held online.

    Lockheed Martin’s products include the widely-sold F-16 and the F-35 stealth combat aircrafts. Its missile systems include the submarine-launched Trident missile, the main element in the strategic nuclear force of the USA and the UK.

    Mindful Money has already had success getting investments in nuclear weapons producers out of KiwiSaver and investment funds, with the value of KiwiSaver investments in nuclear weapons production falling from $100 million in 2019 to around $4.5 million now.

    Mindful Money is also calling for those investment providers to switch to alternative indexes that exclude nuclear weapons producers and other unethical companies.

    For more information please contact:

    Liz Remmerswaal
    liz@worldbeyondwar.org https://worldbeyondwar.org/
    or
    Barry Coates ‭
    barrycoatesnz@yahoo.com https://mindfulmoney.nz/
    or
    https://www.stoplockheedmartin.org/

  2. Thank you Lois for your long commitment to peace in Aotearoa. There is much to do. I think we need to work smarter not harder. Unfortunately the 20 million people globally to protested on the streets to prevent the illegal war on Iraq, which was based on lies by Tony Blair and George Bush, were ignored, and the peace movement suffered. Calls for a ceasefire is the only same response at this time. Lobbying our government to make independent decisions that do no harm, as sanctions do to innocent people, would help. Joining our global https://act.worldbeyondwar.org/stoplockheedmartin/ campaign this week 21-28 April would help too. As would wearing a white poppy on Anzac Day. Never give up! Arohanui, rangimarie, Liz Remmerswaal, World Beyond War Aotearoa xx

  3. Thank you Lois for adding meat to the bones of protest of those who see past the one-sided reporting of all that ails our world. In any sane society our media would be taken before a court of law for failing to come even close to upholding the standards is claims to represent, let alone receive public funds to do it. How can anyone sneer at the lack of mass demonstrations against these iniquities, much less expect them to occur, when the media has so saturated people’s minds with propaganda What we are witnessing on a grand scale is a repeat of the control the Nazis had over Germany in the 30s, which produced many mass demonstrations – all of which enthusiastically supported the letting loose of history’s most horrendous period of destruction. And sadly even the most sage of our commentators can’t see it.

  4. I am delighted to discover the existence of an emergent American peace movement, Lois. Not quite so delighted, however, to discover that its protest will be online. This is a time for a mass demonstration (in the literal sense of the world) of the fact of opposition on the streets of the USA – and the rest of the Western world. Real people in real places. Online it would surely be preferable to establish a permanent “peace site” where people from around the world can go for a different, less bellicose, view of the Russo-Ukrainian War.

  5. I’m amazed you are still allowed to say these things in this outpost of the Empire of Lies. Well done Lois.

Comments are closed.