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Daewoo Engineering & Construction |
Canada Pension Plan (CPP) Investment in 2011 = $3 million |
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But even after all this, Daewoo Engineering & Construction (DEC) – which spun off from the Daewoo Group in 2000 – is still one of South Korea’s largest construction firms. Daewoo, which means "Great Universe," created a fine motto to rebuild its image: "Creating Better Human Life." But not everyone sees Daewoo so positively. To some, Daewoo means destruction and inhumanity. For example, in 2005, staff and volunteers with the Israeli Committee Against House Demolitions watched as a "Daewoo bulldozer systematically demolished" two Palestinian homes, leaving piles of rubble and homeless families in its wake. These buildings, in the occupied West Bank town of Anata, are among the 26,000+ Palestinian homes demolished by Israel since 1967. Nick Dearden, with the British group War on Want, reported that he "saw Volvo, Daewoo and JCB bulldozers or cranes being used, on a contractual basis, in the construction of the Separation Wall." The group’s 2006 report, "Profiting from the Occupation," said Daewoo "bulldozers are being used by the Israeli army to destroy Palestinian homes, schools, orchards and olive groves, and their machines are building Israel’s illegal Separation Wall." The "Who Profits from the occupation" database says Daewoo power generators are distributed by Israel’s Orcal Industries and Mechanization, which supplies generators "installed in the Atarot military checkpoint in the occupied West Bank." The Interfaith Peace Initiative’s online report, "Companies
that Profit from the Israeli Occupation of Palestinian Land," quotes a member of
a UK group called The Olive Project: "Daewoo has no business selling equipment
to someone who will use it for criminal purposes. Daewoo has [been] made aware
of the use of its equipment." |
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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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Daewoo Daewoo Engineering & Construction Co., Ltd. Daewoo Engineering Company "The Miserable Occupation on a Miserable Morning," The
Occupation, Nov. 21, 2005. Nick Dearden, "Profiting from the Occupation," ZNet,
July 10, 2006. Orcal Industries and Mechanization "Profiting from the Occupation: Corporate complicity in
Israel’s crimes against the Palestinian people," War on Want, July 2006. |