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Global Month of Action to Stop Explosive Investments

explosiveinvestment

The Convention on Cluster Munitions (CCM) bans the production, use, stockpiling and transfer of cluster munitions. . Cluster munitions are large bombs that contain many smaller bombs inside of them. These submunitions fall on an area as large as a football field. The submunitions are supposed to explode upon or before impact with the ground. This however, is not always the case. When the submunitions fail to detonate, they become de facto landmines, laying in wait for days, or even years for someone to unintentionally detonate them. The CCM prohibits the use of cluster munitions because once they are deployed, there is no longer any meaningful control over who gets hit. Oftentimes the victims are civilians, especially when they are used in densely populated areas, or are not cleared after a conflict.

To date, 119 states have joined the Convention on Cluster Munitions, 19 of which still have to ratify the convention. As a part of the convention, states must condemn the production of cluster munitions, and this includes giving financial assistance to organizations and companies that invest in cluster munitions.

October 2009 marked the first year that PAX published its report, “Worldwide Investments in Cluster Munitions: a Shared Responsibility”. This report documents:

  • Financial institutions that invest in producers of cluster munitions
  • Financial institutions that no longer invest in cluster munition producers
  • Governments that have passed legislation banning CM investments, or have issued statements regarding the CCM

Within the report, there is a Hall of Shame as well as a Hall of Fame. Although Nepal is on neither of these lists, it is important to stand in solidarity with those who condemn the investment in these deadly weapons. The new report will be released on 16 June 2016.
To learn more: http://www.stopexplosiveinvestments.org/home