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CEMEX Sab Cpo |
Canada Pension Plan (CPP) Investment in 2011 = $15 million |
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In its 2010 report, Cemex said it owns "54 ready-mix concrete plants, eight aggregates quarries, one concrete products plant, one admixtures plant, one asphalt plant, one lime factory and one blocks factory in Israel." The Yatir Quarry in the south Hebron Hills of the West Bank, is co-owned by Readymix (50%). International law (Hague Regulations, 1907, Article 55) prohibits the exploitation of natural resources in occupied territories. Swiss human rights activist, Adri Nieuwhof, reported that in May 2011 Readymix was filmed removing materials from Yatir through a checkpoint into Israel using a Volvo truck. (See Volvo in table "CPP Investments.") In 2009, an Israeli human rights group, Yesh Din, unsuccessfully petitioned Israel’s high court to end Israeli mining, including at Yatir. The group’s attorneys said such quarries are "clearly illegal activity, which constitutes blunt and ugly colonial exploitation of land we [Israel] had forcefully seized." In another article, Nieuwhof notes that Cemex has also provided "concrete for the construction of Israel’s controversial Jerusalem Light Rail project," which "strengthens Israel’s grip on the greater Jerusalem area by connecting West Jerusalem with several settlements in or surrounding occupied East Jerusalem." She also notes that CEMEX has endorsed the UN Global Compact. This "strategic policy initiative" commits businesses to "responsible business practices," such as making sure "they are not complicit in human rights abuses." She concludes that "Although CEMEX is fully aware of its involvement in Israel’s violations of international law in the occupied West Bank and the Golan Heights, it shows no sign of changing its policy." |
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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. To read COAT's research on the first half of these 68 companies, click the pdf links below to see the print version of Issue 66. Or, click each company name for the web version.) (Articles on the second set of 34 companies are in Issue #67 of Press for Conversion!): |
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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.
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"Building a STRONGER Foundation," CEMEX 2010 20F Report Cemex Readymix Industries Adri Nieuwhof, "Multinational companies mining occupied
Palestinian land," Electronic Intifada, May 22, 2011. Cemex complicit in Israel’s violations of international law,
June 1, 2011 Adri Nieuwhof, "CEMEX tries to reason away complicity in
Israeli violations of international law," Electronic Intifada, Aug. 19,
2011. |