This is the result of our collective efforts, campaigning in coalition together since 2019 to raise awareness about the dangers of nuclear weapons and why Philadelphia should divest.
The resolution urges the City to weigh the threat that nuclear weapons pose to all of humanity and our environment in light of the Trump administration’s decision to restart testing of nuclear weapons and proposal to build a nuclear-powered submarine right here in Philadelphia. It calls on the Pension Board to invest in what our residents need such as safe and healthy homes, affordable transit, working utilities, and childcare, rather than weapons that threaten life on our planet.
The resolution was championed by the Divest Philly from the War Machine Coalition and supported by the Philadelphia Public Banking Coalition. Founded in 2019, the Divest Philly from the War Machine Coalition consists of 29 organizations advocating for nuclear weapons divestment.
The work of Divest Philly builds on Philadelphia’s legacy of pro-peace, anti-nuclear initiatives, including joining Mayors for Peace in 1985, which was founded by the mayors of Hiroshima and Nagasaki; and the City Council’s passage of resolution #190841 in 2019 that endorsed the UN Treaty for the Prohibition of Nuclear Weapons (TPNW). Our work also builds on the City Council’s passage of resolution #210010 in 2021 calling on the Pension Board to adopt a socially and environmentally responsible investment policy.
Although the City Council resolution on nuclear weapons divestment is non-binding, it is a critical step to advance this campaign, showing the Pension Board that we have the support of our local elected officials behind us. Now is the time for the Pension Board to act by divesting from nukes and reinvesting in Philadelphia’s local needs.
We’re campaigning to divest Philly from nukes. Philadelphia’s Pension Fund has up to $99 million invested in nuclear weapons manufacturers. We’re urging the Philadelphia Board of Pensions to instruct its asset managers to put a screen on the City’s investments to exclude the top nuclear weapons producers from the City’s holdings.
Divestment is doable! Dozens of major cities across the U.S. and around the world have divested from weapons. Philadelphia has a history of divestment including from tobacco, guns, private prisons, Russia, and El Salvador. It’s time to divest from nuclear weapons too!
Divestment is timely. Philadelphia has already endorsed the international Treaty on the Prohibition of Nuclear Weapons through City Council resolution #190841. And the City Council has passed resolution #210010 calling on the Pension Board to adopt a socially and environmentally responsible investment policy. Divesting from nuclear weapons is the next logical step.
Divestment isn’t risky. According to a study by Heidi Garrett-Peltier of the Political Economy Research Institute, investments in healthcare, education, and clean energy create more jobs — and in many cases, better-paying jobs — than military sector spending.
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.
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.