Are you funding cluster bombs?

clipped from www.amnesty.org.uk A report released by Cluster Munition Coalition members IKV Pax Christi (Netherlands) and Netwerk Vlaanderen (Belgium) has found that 138 financial institutions worldwide still provide over $20 billion to the producers of cluster bombs. The report’s findings show that in the UK, 15 banks and financial institutions are investing in cluster bomb producers. Barclays, HSBC and the Royal Bank of Scotland, between them provide loans and investments to the tune of some £800 million. This means that some of the UK’s most prominent high street banks are providing some form of financial support to these shamefull and indiscriminate weapons. This is an action in support of the Cluster Munition Coalition’s disinvestment campaign which is supported in the UK by Amnesty International UK, Handicap International UK and Landmine Action.

Cluster bombs are large explosive weapons that scatter dozens or hundreds of smaller submunitions over a wide area. They cannot distinguish between military targets and civilians. Many submunitions fail to detonate on impact and, like landmines, continue to kill and maim people long after the conflict has ended. Find out more about Dtar's story by watching this short film. The good The global campaign to eradicate cluster bombs, spearheaded by the Cluster Munitions Coalition, reached a major breakthrough in 2008 when governments negotiated an international treaty to ban them. So far, 103 countries have joined the Convention on Cluster Munitions, including the UK. The bad Although the UK government has signed the ban and stopped production of cluster bombs, UK banks still invest in cluster bomb producers in countries that have not yet outlawed them. A ban simply can’t be effective if there is still funding for the production of these weapons.