THE CAMPAIGN:

We’re campaigning to divest Philly from nukes. The following 5 financial institutions manage the city’s assets: Strategic Income Management, Lord Abbett 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. This divestment is of particular relevance, in light of the recent entry into force of the international nuclear ban treaty on January 22, 2021. It is timely for Philadelphia specifically, given the recent passage of a City Council resolution (210010, introduced by CM Katherine Gilmore Richardson), calling on the City of Philadelphia Pension Board to establish and adopt environmental social governance criteria in its investment policy statement.

HOW CAN YOU GET INVOLVED?

• Sign & share the petition!
• For organizations: add your group’s name to the sign-on letter.
• Sign up on our volunteer interest form to join a sub-committee, to work on tasks including grassroots lobbying, social media, communications, and outreach.
• Join us at our monthly meetings on the first Sunday of the month at 2:30pm-3:30pm. Contact us through the form on this page to get the Zoom link!
• Download our Action Toolkit.

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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 2019, the U.S. spent $730+ billion on foreign and domestic militarism, which is 53% of the federal discretionary budget. Over $370 billion of those dollars went directly into the pockets of private military contractors who literally make a killing on killing.

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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