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This is the online version of
"Profiting from
Israeli Apartheid:
Canada Pension Plan (CPP) Investments in
Corporations Supporting Israel’s Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
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Delek, which means fuel in Hebrew, is
one of Israel’s largest corporations. It is Israel’s "leading energy and
infrastructure group," its second largest retail gas and lubricants supplier and
its third largest investment company. But Delek has its fingers in other pies as
well, including real estate, insurance, financial services and the automotive
sector.
Until the late 1990s, most of Delek shares were held by Israel’s Bank Hapoalim and Discount Investment Corp. (DIC). Delek is now largely owned by Libyan-born Israeli billionaire, Isaac Tshuva, whose career began in Israel’s military. As Business Week noted:
"After three years in the [Israeli] army he skipped college and began working in construction for the [Israeli] Defense Ministry. When Israel captured the Sinai Peninsula in the 1967 war, he helped erect the Bar Lev Line, a chain of fortifications along the Suez Canal."
The chairman of Delek is Gabi Last, a retired Major General who "served in various command positions in the Israeli police force from 1985 to 1998, including as the Vice Inspector General from 1996 to 1998."
Delek’s executives also include Moshe Karadi who "served as a paratrooper in the IDF [Israel Defense Forces], and on leaving the army in 1984, joined the Border Police." Karadi "rose in the ranks until he reached the top position in the police force." Karadi is now the General Manager of Delek Pi-Glilot, a Delek subsidiary that stores, distributes and delivers fuel. Its website lists the Israeli Ministry of Defense as a customer.
Delek’s 2010 report notes that:
l
Delek Israel and Delek Oils are "approved suppliers" to Israel’s Ministry of Defense.l
Delek’s fuel services include "storage of a defense stock for the State."l
"Delek has agreements for maintenance and supply of vehicle parts with...the Ministry of Defense."l
About 37% of Delek-Refinery production is military jet fuel (JP-8).The website of another Israeli subsidiary, Delek Lubricants, which sells "[a]viation lubricants for jet and piston aircraft," lists "military industries" among its customers.
But besides supplying Israel’s military-industrial complex, Delek also fuels US warplanes. Delek Refining, a part of the Delek US Holdings’ empire, received US$596 million in aviation fuel contracts from the US military between 2000 and 2011.
The "Who Profits from the occupation" website reveals that yet another Delek Group subsidiary, Delek Israel Fuel, has more than a dozen fuelling stations and "Menta" convenience stores in illegally-occupied West Bank settlements.
In 2004, Israel’s business paper, Globes, reported that the country’s Ministry of Defense gave a five-year contract "to procure its electricity needs exclusively from Dorad Energy." At the time, Delek owned 20% of Dorad. Globes noted that Israel’s military "accounts for 2.5% of Israel’s entire electricity consumption."
In 2001, Delek was involved in a US$100 million, five-year contract to supply and service 2,000 Ford tactical F-350 trucks. The project, financed by US military aid money, was to replace the Israeli military’s "Abir" command car. Delek, being Ford’s exclusive importer and distributor in Israel, landed a good part of this contract. Delek’s "maintenance" contract for each of these 2,000 Israeli army vehicles was between US$20,000 and US$30,000. Globes reported that
"Delek Motors...will work with the [Israeli] Ministry of Defense to carry out the terms of the contract, which includes preparation for delivery, day-to-day maintenance, driver training, and so forth. This is one of the largest vehicle supply contracts involving importers in the Israeli vehicle sector."
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!):
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:
IAI,
IMI
and Rafael
Vertex Venture Capital:
Investing in Israeli
High-Tech Companies
Table listing
CPP Investments worth $1.5
billion
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
Table listing additional
investments totalling $4.5 billion by six large Canadian pension funds
(including CPP) in the 66 companies researched by COAT.
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References
Delek Group Ltd.
http://duns100.dundb.co.il/ts.cgi?tsscript=comp_eng&duns=532313715
David Wainer and Calev Ben-David, "Isaac Tshuva: Israel’s Gas
King," Business Week, April 22, 2010.
www.businessweek.com/magazine/content/10_18/b4176109991325.htm
Gabriel Last
http://investing.businessweek.com/research/stocks/people/person.asp?personId=23516203
Greer Fay Cashman, "Business Scene," Jerusalem Post,
November 27, 2007.
http://fr.jpost.com/servlet/Satellite?pagename=JPost/JPArticle/ShowFull&cid=1195546734857
Delek Pi-Glilot
www.delek.co.il/?CategoryID=277&ArticleID=178
Annual Report 2010
http://phx.corporate-ir.net
A Case Study: The Norwegian Government’s Pension Fund,
Newsletter, May 2009.
www.whoprofits.org/Newsletter.php?nlid=41
Defense Contract Values Per Company (since 10/30/2006)
www.militaryindustrialcomplex.com/totals.asp?thisContractor=Delek%20Refining%20LTD
Contracts to Contractor(s) "Delek Refining"
www.fedspending.org/fpds/search.php
Delek Lubricants
www.delek.co.il/?CategoryID=279&ArticleID=180
"Private producer to supply electricity to IDF," Globes,
July 26, 2004.
www.globes.co.il/serveen/globes/docview.asp?did=818078
"IDF set to spend $100 mln on Ford tactical vehicles,"
Globes, October 3, 2001.
www.globes.co.il/serveen/globes/docview.asp?did=525189
Ya’acov Zalel , "Israel: Ford wins US$100 million deal,"
October 9, 2001.
www.just-auto.com/news/ford-wins-us100-million-deal_id75773.aspx