No Profits from Palestinian Death
Ontario Teachers Demand Pension Plan Divestment from Israeli War Crimes
We are a group of Ontario Teachers Pension Plan (OTPP) beneficiaries deeply disturbed that our pensions are being invested in weapons manufacturers who directly contribute to and profit from Israel’s attacks on Palestinians in Gaza.
The most respected human rights organizations in the world – including the UN, Amnesty International, Human Rights Watch, and B’Tselem – have documented multiple war crimes (see here here here here here and here) committed by the Israeli Military which is being provided weaponry and components by the following OTPP invested companies: Lockheed Martin, Northrop Grumman, L3 Harris, Honeywell, and General Electric. (See details of each company’s involvement below)
As Ontario teachers we have spent much of our lives committed to the express duty mandated by the Teachers Profession Act to “promote respect for human rights” and to “critically examine the issue of the impact of militarism and war on children” (OTF Bylaws).
These OTPP investments are directly complicit in the killing of over 7000 children in Gaza, so it is very much our duty – and that of every OTF affiliate leader – to demand the plan divest from these companies immediately.
Ontario teachers and Ontario Teachers Pension Plan members — Take action here to demand your pension plan stop funding and profiting from Israeli war crimes:
The companies arming Israel that the OTPP is investing in
General Electric: The world’s 25th largest weapon manufacturer, General Electric manufactures T700 Turboshaft engines for Boeing’s Apache helicopters which are currently being used to fire missiles on Gaza.
Honeywell: Has provided jet engines and related services to Israel’s Ministry of Defense, including to trainer fighter jet planes. In 2012, Honeywell announced a joint venture with Elbit Systems Ltd. and Israeli Aerospace Industries (IAI) to supply $735 million worth of jet engines. In 2016 IAI and Honeywell committed to jointly develop a sense-and-avoid (SAA) capability for IAI’s Heron family of Unmanned Aerial Systems (UAS).
Lockheed Martin: The world’s largest weapon manufacturer, Lockheed Martin supplies Israel with F-16 and F-35 fighter jets, which Israel has been using extensively to bomb Gaza. Lockheed manufactures AGM-114 Hellfire missiles, one of the main weapon types used in aerial attacks on Gaza. On Dec. 11, the Israeli Air Force used a Lockheed Martin C-130-J Super Hercules aircraft to drop approximately seven tons of equipment to Israeli soldiers engaging in ground attacks in Khan Younis. On Nov. 9, a Lockheed Martin–made Hellfire R9X Israeli missile hit journalists sitting near Shifa Hospital in Gaza City.
L3 Harris: The world’s ninth largest weapon manufacturer, L3Harris’ components are integrated into multiple weapon systems used by the Israeli military in Gaza, including Boeing’s JDAM kits, Lockheed Martin’s F-35 warplane, Northrop Grumman’s Sa’ar 5 warships, ThyssenKrupp’s Sa’ar 6 warships, and Israel’s Merkava battle tanks.
Northrop Grumman: The world’s sixth largest weapon manufacturer, Northrop Grumman supplies the Israeli Air Force with the Longbow missile delivery system for its Apache attack helicopters and laser weapon delivery systems for its fighter jets. It has also supplied the Israeli Navy with Sa’ar 5 warships, which have participated in the assault on Gaza.
More information on the OTPP's duty to divest
Our duty to “respect human rights” requires us to listen to the hundreds of international human rights law and genocide scholars who have said Israel is very likely using these weapons to commit genocide.
These investments are a direct violation of the express policy of multiple plan affiliates. OSSTF policy states explicitly that:
Pension plans to which OSSTF/FEESO members contribute should not invest in companies that contribute to killing, torture, deprivation of freedom, or other violations of human rights.
OECTA policy says:
Wherever possible and reasonable the plan [should] not invest in corporations or their subsidiaries, domestic or foreign, that produce munitions, armaments, or technologies of war, and [should] divest itself of any current holdings in said corporations.
While the weapons and components these companies make and sell to Israel don’t fall within those already excluded by the OTPP and its “responsible investment” policies, OTPP has committed to “an ongoing process to identify and assess companies associated with severe controversies.”
Is there any controversy more severe than Genocide?
We are well aware of the Plan’s claim that it is more effective in addressing human rights issues through “engagement”. We are also well aware of the plan and plan custodian’s “fiduciary duty” to beneficiaries.
However, the plan itself admits that some investments create “irreconcilable risks”. Indeed, it’s for this reason the plan has excluded Tobacco companies, judging that the moral and reputational risks outweigh the financial benefits.
The murder of children and the crime of genocide, while clearly profitable, are irreconcilable to the long term best interests of Ontario teachers.
It is time for the OTPP to fulfill its moral and regulatory duties and divest from Lockheed Martin, Northrop Grumman, L3 Harris, Honeywell, and General Electric immediately.