Pension funds stop investing in land mine industry

6th April 2007, Comments 0 comments

6 April 2007 , AMSTERDAM – Pension fund ABP will stop its investments in four companies that manufacture land mines. ABP asset manager Roderick Munsters said this on Friday in an interview with De Volkskrant. The pension fund will however continue investing in factories producing cluster bombs.

6 April 2007

AMSTERDAM – Pension fund ABP will stop its investments in four companies that manufacture land mines. ABP asset manager Roderick Munsters said this on Friday in an interview with De Volkskrant. The pension fund will however continue investing in factories producing cluster bombs.  

A controversy arose in mid March when, in the current affairs TV programme Zembla, it appeared that the ABP and the PPGM pension funds invested in companies which manufacture land mines and cluster bombs. “There is an international treaty against land mines which has been endorsed by The Netherlands. There is, however, no treaty against cluster bombs, no matter how reprehensible this is,” said Munsters. According to Munsters, it is also true that the Dutch government has business relationships with the latter kinds of manufacturers.


[Copyright Expatica News +ANP 2007]

Subject: Dutch news

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