Newsletter Subject

Israel's largest weapons maker

From

eko.org

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us@eko.org

Sent On

Thu, Nov 2, 2023 12:47 PM

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3000 children killed   We need to prevent a genocide against the Palestinian people NOW. {NAME

3000 children killed   [Palestinian man carrying wounded child with rubble around them]( We need to prevent a genocide against the Palestinian people NOW. [Call on the largest foreign shareholder of Israel's biggest weapon maker to divest now]( [ Sign the petitionÂ]( {NAME}, Almost 10,000 people have been killed in Gaza, close to half of them are children. And Israeli weapons manufacturer, Elbit Systems and its shareholders are complicit in this genocide in the making – the Israeli Defense Force proudly announced on social media that they are using Elbit Systems weapons in Gaza this week. Elbit Systems biggest foreign shareholder is a surprising one – the 98th biggest asset manager in the world, a mid-sized bank hardly known outside of Canada called Scotiabank owns a whopping 500 million dollars in Elbit shares. The two biggest banks in Canada own 3 million dollar shares combined. A groundbreaking investigative piece suggests why Scotia's investment is unusually large – a Scotiabank mutual fund manager with heavy Israeli ties is using middle class customers' savings to invest in Elbit Systems. The investigative piece was covered by Canada’s biggest press outlet. Almost 15,000 Canadian Ekō members have called on Scotiabank to divest from Elbit Systems in the last year. I attended Scotia’s largest meeting of the year to deliver Canadian Ekō members' messages calling for the bank to divest from Elbit. So I know if Ekō members all around the world join Canadian members to call on Scotia to divest, at a time when Elbit’s weapons are used for the slaughter of innocent children, the bank will listen. [Call for the divestment from Israel’s largest weapons maker Elbit Systems now.]( What happened on October 7 is absolutely horrific. But experts warn that Israel's response has all the attributes of a genocide in the making : carpet bombing Gaza while cutting off food, water, electricity, fuel, and communication. And Israel’s biggest weapons maker and its shareholders have blood on their hands. Investors around the world have distanced themselves from Elbit Systems before the assault on Gaza because of its business practices – last year, the $200 billion dollar Australia Sovereign Wealth Fund, joined Norway’s largest pension fund and the biggest bank in Europe, HSBC, to divest from Elbit Systems. And Ekō members were also instrumental in getting French Financial Giant AXA IM to divest from Elbit Systems. So we know that divestment campaigns work – and if we can get the biggest shareholder to divest from the Israel’s biggest weapons makers – this could save lives. But we can only make a difference, if we take action now. [Sign the petition calling for the divestment from Israel’s largest weapon maker.]( [ Sign the petitionÂ]( Thanks for all that you do, Angus and the team at Ekō More information: [Hamas has created additional demand’: Wall Street eyes big profits from war]( The Guardian. October 30, 2023 [Israel tests new Iron Sting bomb in Gaza]( Middle East Monitor. October 23, 2023  [Pro-Israel Fund Manager Invested $500M in Israeli Arms Firm. Now Activist Investors Want Answers]( The Intercept. 6 April 2023. [Scotiabank draws ire for holding shares in Israeli defence firm]( BNN Bloomberg. 7 October 2022. [Australia’s Future Fund bans investment in Israeli defence contractor over cluster munitions allegations]( The Guardian. 10 March 2022. [Activist investors question Scotiabank’s outsized investment in a controversial Israeli weapons company (Audio Link)]( CBC Radio. 13 April 2023.     --------------------------------------------------------------- Ekō is a community of people from around the world committed to curbing the growing power of corporations. We want to buy from, work for and invest in companies that respect the environment, treat their workers well and respect democracy. And we’re not afraid to stand up to them when they don’t. Please help keep Ekō strong by chipping in $3 [Chip in $3]( This email was sent to {EMAIL}. | [Unsubscribe](   --------------------------------------------------------------- Follow Us On Social Media [Facebok]( [Instagram]( [Youtube](Eko.Movement) [Twitter]( [TikTok](eko.movement) [Telegram](

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