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Fewer financial institutions are willing to bank on the bomb

March 9, 2018

ICAN partner organization PAX has published a new edition of the landmark report detailing global investments in companies that produce nuclear weapons. The 2018 update of Don’t Bank on the Bomb shows that 329 financial institutions from around the world have invested US $525 billion into 20 companies involved in the production, maintenance and modernization of nuclear weapons in France, India, the United Kingdom, and the United States since January 2014. Fourteen country profiles provide details about nuclear-weapons-related work of identified producers and the financial institutions that support this work. On the positive side, Pax researchers found that the number of institutions that have financial relationships with nuclear weapon producers has decreased since the adoption of the Treaty on the Prohibition of Nuclear Weapons. The complete 2018 Don’t Bank on the Bomb, as well as individual country profiles, are available online.

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