Divest Philly from the War Machine Coalition

THE CAMPAIGN:
We’re campaigning to divest Philly from nukes. The following 5 financial institutions manage the city’s assets: Strategic Income Management, Lord Abbet High Yield, Fiera Capital, Ariel Capital Holdings, and Northern Trust. In total, these asset managers have over $11 billion invested in nukes. We’re urging the Philadelphia Board of Pensions to instruct these asset managers to exclude the top nuclear weapons producers from its holdings. Until it divests, Philly is propping up the nuclear weapons industry and the war machine.

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HOW CAN YOU GET INVOLVED?

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For organizations: add your group’s name to the sign-on letter.

WHAT IS THE WAR MACHINE?
The War Machine refers to the massive, global U.S. military apparatus that operates thanks to an alliance between the arms industry and policy makers. The War Machine prioritizes corporate interests over human rights, military spending over diplomacy and aid, preparing for combat over preventing wars, and profit over human life and the health of the planet. In 2017, the CEOs of the top five U.S. weapons manufacturers collected salaries that totaled $96 million, while U.S. communities continue to struggle to provide basic services as federal support is slashed.

WHY DIVESTMENT?
Divestment is a tool for grassroots-driven change. Divestment campaigns have been a powerful tactic starting with the movement to divest from South Africa during the apartheid. Divestment is how all of us – anyone, anywhere – can take local action against the death and destruction of war.

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