Click
here to SIGN COAT's online PETITION now! Stop CPP investments in firms selling military, police, spy or prison-related products to Israel |
||||
|
||||
3M Co. |
Canada Pension Plan (CPP) Investment in 2011 = $53 million |
|
This is the online version of |
|
Investments in 3M by other Top Canadian Pension Funds: |
Take action! Find out what you can do to help this campaign. |
|||
Caisse |
$56,238,000 | |||
OMERS |
$28,319,000 | |||
OTPP |
$131,561,000 | |||
PSPI |
$18,767,000 | |||
Total = $241,885,000 | ||||
For example, in 2000, 3M sold components to US Aviation and Missile Command for AH-64 "Apache" attack helicopters. The US transferred about 50 AH-64s to Israel’s military, which has used them in various attacks including the bombing of Lebanon in 2006, and Gaza in 2008 and 2009. The website of 3M’s subsidiary, 3M Israel Ltd., has over 150 webpages describing products with military applications. These 3M products include electronic and electrical parts, fasteners, containers and ballistic eyewear. One of 3M’s divisions, its "Safety, Security and Protection business," sold US$3.18 billion worth of products in 2009. One such "protection business," 3M Electronic Monitoring, has its international headquarters in Tel Aviv, Israel. It "offers technologies to support law enforcement, corrections and security operations." It came to the fore in 2010, when 3M paid US$230 million for a Tel Aviv-based "homeland security" firm called Attenti Holdings. The general manager of 3M Track and Trace Solutions, Rory Yanchek, said the acquisition would make 3M "a leader in the high growth electronic offender monitoring market and add Global Positioning System and active Radio Frequency technology and capability to our portfolio." 3M Israel’s managing director added that "For 3M Israel, this acquisition will strengthen our presence and contribute to growth in our local market." Founded by three former Israeli Air Force pilots, 3M’s Attenti Holdings makes "remote people monitoring technologies used for a variety of offender monitoring applications." Its wholly-owned subsidiaries, ElmoTech and Pro Tech Monitoring, make electronic devices to track prisoners. ElmoTech’s "TRaCE" and "Group TRaCEr" products are used to monitor inmates in penitentiaries and to supervise modern-day chain gangs, which are called "off-site work crews." In 2005, Israel’s business paper, Globes, said Dmatek Ltd. (the original name of Attenti) had partnered with Hashmira Security Technologies "to ensure that the [Israeli] police and courts can monitor a convict’s moves by electronic surveillance." Globes also reported that this contract was for Israel’s "Ministry of Defense, the Israel police and the Israel Prison Service." The paper did not mention that Israel’s prisons incarcerate thousands of Palestinian political prisoners. Hashmira, Israel’s largest private "security" firm, is owned by Britain’s G4S, the world’s largest "security-services" company. Hashmira is notorious for its complicity in Israel’s penal system. The online database, "Who Profits from the occupation," compiled by Israel’s Coalition of Women for Peace, says Hashmira provides: l Equipment for Israeli-run checkpoints in the West Bank and Gaza,l The security system for "incarceration facilities designated for Palestinian political prisoners,"l The "central control room and a perimeter defense system…[for] an Israeli prison in the occupied territory for Palestinian political prisoners."l "[S]ecurity systems for…detention and interrogation facilities… [where] Palestinian prisoners are regularly subjected to torture." |
|
COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the
CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and
prison-related products. |
||
pdf 3M Co pdf Amdocs Ltd pdf Analog Devices Inc pdf AT&T pdf BAE Systems pdf Bank Hapoalim pdf Bezeq pdf Bharat Electronics Ltd pdf CAE Inc pdf Carlyle Group pdf Caterpillar Inc pdf Cellcom Israel pdf Cemex pdf Cisco Systems pdf CRH plc pdf Daewoo Engineering & Construction pdf Daimler AG pdf Delek Group pdf Dell Inc pdf Discount Investment Corp pdf Doosan Corp pdf Eaton Corp pdf Elbit Systems pdf EMC Corp pdf Evraz Group pdf Fiat Industrial pdf Fiat SpA pdf Finmeccanica pdf Fujitsu Ltd pdf Hewlett-Packard Co pdf Hitachi Ltd pdf Honeywell International pdf Hyundai Motor Co pdf Hyundai Heavy Industries Additional resources from this issue: Israeli Spy Companies: Verint and Narus
State-owned Israeli War
Industries:
Vertex Venture Capital:
Table listing
CPP Investments worth $1.5
billion
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex. |
||||
"2010 Form 10-K, 3M Company." US Securities and Exchange
Commission. Contracts to 3M Company Government Contracts USA Defense Dep’t. Google search of 3M Israel’s website for "military" 3M Company (MMM) 3M to Acquire Attenti Holdings, Aug. 31, 2010. Guy Grimland, "3M buys Israeli technology firm Attenti for
$230m," Haaretz, September 1, 2010. 3M announces its intent to acquire Elmo-Tech’s parent
company, August 31, 2010. TRaCE: Tracking, Reporting and Control Noam Sharvit, "Convict electronic surveillance program to
save NIS 20m a year," Globes, August 9, 2005. G4S Israel (Hashmira) |