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Irish government agrees to stop funding arms manufacturers
national |
anti-war / imperialism |
news report
Tuesday March 04, 2008 11:18 by phats
Foreign affairs minister Dermot Ahern has announced that the government is to enact legislation to stop the National Pension Reserve Fund from being used to invest in cluster bomb manufacturers. Irish taxpayers have nearly €70 million worth of shares in companies that produce cluster bombs as a result of the government's investment policy. As reported by Aine Bonner in the Star newspaper on 27th November '07, the National Pension Reserve Fund (NPRF) has invested €500 million of Irish taxpayers' money into companies that produce nuclear weapons and cluster bombs. This is in spite of the fact that the NPRF was a signatory of the UN Principles for Responsible Investment in 2006. |
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