Ask the Future Fund to stop investing in Nuclear Weapons
The fund invests more than $130 million in foreign-owned companies that manufacture and maintain nuclear weapons and the missiles and submarines to deliver them.
Today David Gonski takes over as the chair of the Future Fund. This is our opportunity to force the Future Fund to defend their investments publicly. Can you sign the petition on the right to ask David Gonski to stop the Future Fund from investing our money in companies that manufacture nuclear weapons?
If you'd like more information about the campaign you can download this comprehensive joint report by GetUp and the International Campaign to Abolish Nuclear Weapons or check out the brief FAQ below.
The Future Fund was established under the Howard Government to assist future Australian governments meet the cost of public sector superannuation liabilities by delivering investment returns on contributions to the fund. It aims to strengthen the Commonwealth's long-term financial position. A Board of Guardians is responsible for determining how the fund is invested. The Board is accountable to the Minister for Finance and Deregulation, who is currently Senator Penny Wong.
How do you know that Future Fund is investing in companies that are involved in manufacturing nuclear weapons?
At 19 January 2012 the Future Fund had investments worth approximately $133 million in 14 foreign-owned companies, which are involved in the manufacture, maintenance and modernisation of nuclear arms, or associated technology, for the US, British, French and Indian governments. The investments represent around 0.18 per cent of the Future Fund's entire investment portfolio, meaning that a decision to divest from these 14 companies would have minimal or no impact on the Fund's performance.
With our friends from the International Campaign to Abolish Nuclear Weapons (ICAN) we have put together this detailed report you can download by clicking here.
SIGN THE PETITION HERE
Dear Mr Gonski,
We need to do everything in our power to rid the world of Nuclear Weapons.
As the new Chair of the Future Fund we're asking you to make sure none of our money is invested in the manufacturing of these inhumane weapons of mass destruction.