The dark side of your Canada Pension Plan
According to this article, the CPP has been investing in the stock market for about 10 years. The fund that they invest with "has an "overriding duty" to bring in bumper returns; as a result, it does not exclude firms on ethical grounds."
The article goes on to list some of the shitballsuckfests that we are investing our money in. Here is the list again, in case you don't want to read the whole article... We are investing in nuclear weapons. That is so depressing and outrageous and UNDEMOCRATIC, so very very undemocratic. As dill said, it is no damn good.
Anyways, here's the list.
WEAPONS
Northrop Grumman (U.S.) Develops, maintains nuclear arms $44 million
Lockheed Martin (U.S.) Produces cluster weapons and munitions coated with depleted uranium, a radioactive and toxic material $27 million
EADS (Netherlands) Involved in joint venture to produce nuclear missiles $26 million
BAE Systems PLC (UK) Involved in a joint venture to produce nuclear missiles $24 million
Finmeccanica (Italy) Involved in joint venture to produce nuclear missiles $18 million
HUMAN RIGHTS CONCERNS
Ivanhoe Mines Ltd. (Cdn) Involved in a 50-50 joint venture with firm owned by pariah state of Burma $32 million
Glamis Gold (Cdn) Local opposition to Guatemalan mine led to shootings, car bomb last year $63 million
Anvil Mining Ltd. (Cdn) Military court in Congo wants three ex-staff charged for complicity in war crimes; firm denies charges $4 million
TOBACCO MANUFACTURERS
Altria Group (U.S.) $196 million
Imperial Tobacco (UK) $28 million
Rothmans Inc. (Cdn) $27 million
British American Tobacco Plc. (UK) $49 million
Japan Tobacco Inc. (Japan) $26 million
Altadis (U.S.) $15 million
Gallaher Group (UK) $15 million
Loews Corp. (U.S.) $6 million
Swedish Match (Sweden) $6 million
TOP U.S. AIR POLLUTERS
Exxon-Mobil (U.S.) $500 million
General Electric (U.S.) $364 million
ConocoPhillips (U.S.) $126 million
E.I. Du Pont de Nemours & Co. (U.S.) $44 million
Archer-Daniels-Midland Co. (U.S.) $31 million
Alcoa Inc. (U.S.) $24 million
Ford Motor Co. (U.S.) $14 million
Tyson Foods (U.S.) $8 million
Eastman Kodak (U.S.) $6 million
The article goes on to list some of the shitballsuckfests that we are investing our money in. Here is the list again, in case you don't want to read the whole article... We are investing in nuclear weapons. That is so depressing and outrageous and UNDEMOCRATIC, so very very undemocratic. As dill said, it is no damn good.
Anyways, here's the list.
WEAPONS
Northrop Grumman (U.S.) Develops, maintains nuclear arms $44 million
Lockheed Martin (U.S.) Produces cluster weapons and munitions coated with depleted uranium, a radioactive and toxic material $27 million
EADS (Netherlands) Involved in joint venture to produce nuclear missiles $26 million
BAE Systems PLC (UK) Involved in a joint venture to produce nuclear missiles $24 million
Finmeccanica (Italy) Involved in joint venture to produce nuclear missiles $18 million
HUMAN RIGHTS CONCERNS
Ivanhoe Mines Ltd. (Cdn) Involved in a 50-50 joint venture with firm owned by pariah state of Burma $32 million
Glamis Gold (Cdn) Local opposition to Guatemalan mine led to shootings, car bomb last year $63 million
Anvil Mining Ltd. (Cdn) Military court in Congo wants three ex-staff charged for complicity in war crimes; firm denies charges $4 million
TOBACCO MANUFACTURERS
Altria Group (U.S.) $196 million
Imperial Tobacco (UK) $28 million
Rothmans Inc. (Cdn) $27 million
British American Tobacco Plc. (UK) $49 million
Japan Tobacco Inc. (Japan) $26 million
Altadis (U.S.) $15 million
Gallaher Group (UK) $15 million
Loews Corp. (U.S.) $6 million
Swedish Match (Sweden) $6 million
TOP U.S. AIR POLLUTERS
Exxon-Mobil (U.S.) $500 million
General Electric (U.S.) $364 million
ConocoPhillips (U.S.) $126 million
E.I. Du Pont de Nemours & Co. (U.S.) $44 million
Archer-Daniels-Midland Co. (U.S.) $31 million
Alcoa Inc. (U.S.) $24 million
Ford Motor Co. (U.S.) $14 million
Tyson Foods (U.S.) $8 million
Eastman Kodak (U.S.) $6 million
posted by mo | 9:45 p.m.
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