Although divesting from a few Israeli corporations under pressure, NZ SuperFund still retains an array of investments in Israel’s continued harsh occupation of Palestine and siege.
SuperFund CEO Adrian Orr met with an Auckland superannuitants group a few months ago, and agreed to ‘monitor’ their Israeli investments and discuss changes. However, Orr has recently refused any further dialogue and police barred a deputation from the group from entering their downtown headquarters after a lively protest today.
‘We are calling on the NZ SuperFund to continue to divest from companies …that profit off others’ suffering’ said the seniors’ group coordinator, Phil McNeale, at the 60-strong rally. ‘We demand our tax dollars are immediately withdrawn from companies which arm Israel and help maintain its brutal regime of occupation and siege.’
In 2012, Superfund divested from a number of companies which profit off Israel’s war crimes, such as Elbit Systems, a drone manufacturer. Last year NZ Super dropped armaments manufacturer, General Dynamics from their Israeli investment portfolio.
Today, however, NZ Superfund continues to invest in some 38 companies which supply Israel with the means to attack civilians, and in companies which profit from the Israeli occupation of the West Bank and East Jerusalem. These investments are an affront to international law and the principles of human rights.
‘NZ Superfund has taken an ethical stance on not investing with companies tied to nuclear weaponry and whaling. We want to see this same compassion afforded to Palestinians. As taxpayers we do not want to see our money invested in the suffering and murder of other human beings,’ said McNeale.
NZSF had $7,678,104 invested in some 38 Israeli corporations, plus $2,017,530 in Caterpillar, who supply huge armed bulldozers to the Israeli military. Here are some of them:
• G4S: a British-Danish private security company that provides services and equipment to Israeli prisons, checkpoints, the Apartheid Wall and the Israeli police.
• United Technologies: produces Blackhawk helicopters used to attack cities, refugee camps and villages.
• Boeing: sells Israel F-15A fighter jets and Apache AH 64 helicopters used in attacks on Gaza.
• Raytheon: produces bombs used in attacking Gaza.
• Caterpillar: produces militarised bulldozers used to destroy Palestinian homes.
• Israel Chemicals: produces white phosphorus.
• Hewlett-Packard Co: produces technologies for the Israeli military and profits from business in illegal settlements