Excerpted from periodismohumano.com
BBVA client is Textron, a producer of landmines .
8 entities are accused of financing the English cluster bombs used by Gaddafi.
At least 14 English banks, among which are BBVA, Banco Santander or boxes together in the new Bankia, approved in January 2006 with 19 financial transactions of the leading manufacturers "ar most controversial" , such as cluster bombs, landmines and biological weapons, chemical and especially nuclear, according to a study by the International Research Centre Deep for Setem organization.
After cross-checking among all financial institutions operating in Spain and 30 companies that manufacture weapons, Setem accuses eight of them, for example, be directly linked to the manufacture of pumps cluster of English origin that has been used Army Muammar Gaddafi in Libya, as revealed a few weeks ago the New York Times . The English company Instalaza responsible for the manufacture of these artifacts, reicibió funding in recent years Cajalón (Grupo Caja Rural), Caja Spain, Caja Mediterráneo, Bankinter, Ibercaja, Banco Popular, Banco Sabadell and La Caixa, according to the report.
In other cases the relationship is not drawn so clearly. Among the companies included in the catalog of "producers of controversial weapons" are names like the EADS-CASA aviation or Boeing Whose economic activity is much larger than the supplier of such material of Defense.
Deep Setem and have found that client should be dismissed as any business "in which a portion of their total turnover, however small, comes from the controversial weapons, regardless of other activities company "and that" a 1% may represent a considerable sum of money and lead to a lot of weapons. " We used external criteria, the Government of Finland and Dutch organizations, to narrow the list ( bancalimpia.com for details).
Rafeullah was 11 when he and his brother found a bomb they mistook for a toy (Alison Locke)
The study is available show that the banks have given loans to operations specifically related to the manufacture of these weapons, but they have helped these companies through loans and issuance of bonds and stocks. Included in the list of unwanted weapons nuclear , which expands the list of companies significantly, especially with those who work for the countries to the Nuclear Nonproliferation Treaty gives them 'permission' to be "nuclear-armed states" , which are U.S., France, Russia, UK and China.
is therefore to question that banks, directly or indirectly, assist the economic life companies that profit from the sale of the most controversial weapons in the world, regulated or even prohibited in treaty international, as described in the table at the end of this text.
According to the study:
- BBVA
- The English bank is maintaining a higher activity of producing weapons funding issue. Investment funds managed by BBVA own shares of 12 companies and bonds of both companies. BBVA has made loans to eight companies since early 2006 and has helped three companies in the issuance of bonds. It has helped a company issuing shares.
Being more specific: BBVA has granted loans to BAE Systems, producer of nuclear weapons and depleted uranium weapons, the study said. The same situation occurs, for example, another U.S. company, General Dynamics. The organization, which a few weeks ago ratified its commitment to being responsible for their investments in Spain is the only customer whose Textron , manufacturers of cluster bombs and landmines .
- investment funds have Santander shares of 13 companies analyzed. Santander has extended loans to seven of them and has helped three in the issuance of bonds. Among them is Lockheed Martin, producer of cluster munitions and material for nuclear weapons.
- Bankia (Bank Financial savings made by Caja Madrid, Bancaja, Caja Segovia, Caja Avila, Caja Rioja, Caixa Laietana and Caja Insular de Canarias) is the third largest bank and its investment funds own shares of eight different producers of controversial weapons. Has granted a loan to a controversial arms producer, concretamene to Larsen & Toubro .
- Banco Sabadell is next in this particular ranking, with stocks in seven producing weapons.
the rest of English banks analyzed:
- banks whose investment funds own shares in arms manufacturers in question are: Banco Madrid
- Banca March Banco Popular
- Bankinter
- CatalunyaCaixa
- Finanduero
- Ibercaja
- Mapfre
- banks whose funds investment bonds have controversial arms producers are
- Banca March Banco Pastor
- Bankinter
- BBK
- The 4 companies producing controversial weapons in the banks which mainly involved English are: BAE Systems
- Boeing EADS Thales
can find more information and complete table of banks and in this document (pdf) .
Controversial, prohibited, undesirable
Landmines: Despite being banned by the Mine Ban Treaty (TPM) since 1997, in 2007 still use Russia and Burma. Although its use has declined, is still used by armed groups outside the state or unofficial.
cluster bombs: The Convention on Cluster Munitions took effect on August 1, 2010 and has been signed by 104 countries and 30 of them have ratified it. It is likely, according Setem, that of the 20 states that signed the Convention, 17 still making this type of ammunition today. Spain failed to authorize exports in 2008.
Nuclear Weapons: The Treaty on the Nonproliferation of Nuclear Weapons (NPT) came into force in 1970 and in January 2000, 187 countries had taken, including the five states that have in its possession nuclear weapons. The NPT is the agreement of arms limitation and disarmament which has been ratified by more countries.
Bioweapons: In 1972, 103 countries signed the Biological Weapons Convention. This convention bans the development and use of biological and chemical weapons.
Chemical Weapons: The Chemical Weapons Convention, which entered into force in 1997 and 2012 calls for the destruction of all chemical weapons.
Depleted Uranium: In December 2010, 148 states ratified a resolution of the General Assembly of the United Nations urges the users states DU weapons to be disclosed to where these weapons were fired when the countries concerned so request.
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