BANKING GIANT HSBC DIVESTS FROM ISRAEL ARMS MANUFACTURER | WHAT REALLY HAPPENED


BANKING GIANT HSBC DIVESTS FROM ISRAEL ARMS MANUFACTURER

Human rights groups have claimed a major victory after HSBC, one of the largest banking and financial services organisations in the world, confirmed that it fully divested from Israeli drone manufacturer Elbit Systems, which sells weapons to the Israeli military used in attacks on Palestinians.

As part of the campaign, over 24,000 people emailed HSBC with concern over its investments in Elbit Systems and other companies selling weapons to Israel’s military. Forty HSBC branches across the UK were picketed monthly to call on HSBC to stop aiding Israel’s brutal occupation and human rights abuse of millions of Palestinians.

Campaigners said that they targeted Elbit Systems because it is one of Israel’s largest arms manufacturers, notorious for its deadly drones used in attacks on Palestinian civilians. Shamefully, the company prides the deadly use of its arms in operations against Palestinians to market its products abroad as “combat proven”. The company has also manufactured white phosphorous and artillery systems that can be used for cluster munitions.

Elbit Systems has been excluded from pension and investment funds around the world over the company’s involvement in supplying surveillance systems and other technology to Israel’s illegal Separation Wall and settlements in the West Bank. Elbit has also supplied surveillance technology for use along the US-Mexico border.

Webmaster's Commentary: 

Well done, HSBC, good on you!

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