Nukewatch Quarterly Summer 2016
In March, a unanimous vote of the Cambridge, Massachusetts City Council declared that the city would withdraw any portion of its $1 billion pension fund from “any entities that are involved in or support the production or upgrading of nuclear weapons systems.”
Cambridge-area activists, university scientists, and students drew on the annual report of financial institutions involved in nuclear weapons manufacturing compiled through the Don’t Bank on the Bomb initiative of Netherlands-based peace group PAX to make the case for a divestment resolution to the City Council.
Cambridge Mayor Dianne Simmons announced the decision, saying, “Not in our name! It’s my hope that this will inspire other municipalities, companies and individuals to look at their investments and make similar moves.”
Divestment policy examples and resources are available at dontbankonthebomb.com. —Huffington Post, Apr. 4; TruthOut, Apr. 11, 2016