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London Councils Demand Pension Fund Divestment from Israel

Published 2 weeks, 4 days ago
Description

Over one hundred fifty London councillors and assembly members are urging the citys pension fund to divest from companies linked to Israels alleged international law violations. The fund, managing thirty-four billion pounds, holds seven billion pounds in these firms, including one billion pounds in arms makers. The fund will soon become a mega-fund worth over fifty-five billion pounds, but campaigners fear the current screening policy leaves gaps. Politicians from various parties signed a letter arguing pension money should support local needs, not conflict-involved firms.

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