Three major Scottish financial institutions — NatWest Group, Lloyds Banking Group and Standard Life Aberdeen — invested a total of £7bn in nuclear weapons over a two-year period. A new report, seen by The Ferret, also reveals two Scots universities held £2.4m of investments in companies that undertake work related to nuclear weapons, while 11 council pension funds together had £275m invested in 20 firms in the sector. The study is by Don’t Bank on The Bomb Scotland, a network of organisations campaigning for banks, universities, pension funds and public bodies to divest from companies involved in the production of nuclear weapons. It says these organisations together held investments worth £7.2bn in nuclear weapons producers between 2018 and 2020.
The Ferret 25th April 2021 read more »
The National 25th April 2021 read more »