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Barclays divest from Israeli arms company

Nov 16

Written by:
16/11/2015 13:56  RssIcon

 

Bank no longer holds shares in Elbit Systems


In April, the Boycott Divestment and Sanctions website reported that high street bank Barclays is no longer listed as a shareholder in Israeli arms company Elbit Systems.

The news follows a high profile campaign launched after Barclays was named as a shareholder of the company holding $2.9 million worth of shares.

A concerted campaign followed featuring a petition signed by more than 1.7 million people and organised by Avaaz calling on Barclays to divest from Elbit Systems. Campaigners have occupied and protested at bank branches across the UK.

 

Photo Credit: BDS Movement

 

The arms company has been the target of campaigners over its manufacture of drones used in Israel’s attacks on Palestinians and its role in building the illegal apartheid wall in occupied Palestine.

Mahmoud Nawajaa, co-ordinator with the Palestinian BDS National Committee, the Palestinian civil society coalition that leads and supports the BDS movement, said:

The creative campaign against Barclays, including the huge Avaaz petition and the occupations of its branches, has really turned the heat up on the bank.”

We hope that Barclays will now commit to not allowing clients to buy or sell Elbit shares on its platform and to making it clear to all its clients that Elbit is deeply complicit with Israeli violations of international law.”

 

Discover our boycott against Israel page for more information on the BDS Movement. 

 

 


 

 

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