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Stop CPP investments in firms selling military, police, spy or prison-related products
to Israel
Industrial
Pension
Plan (CPP)
Investment
in 2011
=
$17 million
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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This Italian company, with assets of
US$49 billion began operations on January 1, 2011, when it was demerged from
Fiat SpA. All three Fiat Industrial (FI) subsidiaries have links to
Israel’s military industrial complex and/or the illegal occupation of Palestine.
(1) Iveco
This wholly-owned FI subsidiary makes army trucks and has partnered with Israel’s largest arms makers. For example, some of its military vehicles are fitted with remote-controlled weapons turrets built by Israel’s largest war industry, Elbit Systems.
Other Iveco military vehicles are equipped with the Mobile Coastal Surveillance System. Its radar, which detects small targets at sea, is made by Elta, a subsidiary of Israel Aerospace Industries (IAI). IAI is Israel’s second largest military contractor. (See "State-owned Israeli War Industries.")
(2) CNH Global
FI owns 89.3% of this Dutch maker of agricultural and construction equipment. The "Who Profits from the Occupation" website says construction vehicles made by CNH Global (Fiat Kobelco) have been used to build Israel’s separation wall, checkpoints and illegal settlements in the occupied West Bank. And, it notes, Fiat equipment has been "used for uprooting trees from Palestinian land in the West Bank."
The "Who Profits" webpage about CNH Global has a YouTube video link described: "Fiat Kobelco machinery used in the construction of the Separation Wall." This video, recorded near Ni’lin, a town near Ramallah in the occupied West Bank, documents a 2008 rally in which Palestinians and Jews united to protest the construction of Israel’s separation wall. In the clip, an Ex355 Fiat-Hitachi tracked excavator is seen behind a razor-wire barrier that cordoned off the wall’s construction site. When protesters neared the site, Israeli troops fired at least two dozen tear gas canisters at them.
During their long struggle against Israel’s occupation, hundreds of Ni’lin residents "have been wounded, dozens have been arrested" and several have been killed by Israeli forces.
(3) FPT Industrial
This FI subsidiary, which makes engines for vehicles made by Iveco and Fiat SpA, now owns 50% of VM Motori SpA, an Italian maker of diesel-engines. Its 2.8-litre, 156-horsepower engines drive the latest "Storm 3" jeeps used by Israel’s military and police. These jeeps, assembled in Israel, are made by Chrysler which is now largely owned by Fiat SpA. VM Motori engines are also used in Israel’s armoured "Sufa [or Storm] 2" jeeps.
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
Fiat Industrial SpA
www.borsaitaliana.it/mediasource/star/db/pdf/92348.pdf
History
www.fiatindustrial.com/en-US/group/history/Pages/la_storia.aspx
Elbit Systems Awarded €25 Million Contract to Supply Austrian
Army with 12.7M Weapon Stations, May 18, 2009.
http://ir.elbitsystems.com/phoenix.zhtml?c=61849&p=irol-newsArticle&ID=1369006&highlight=
Elbit Systems Ltd.’s Aeroeletronica Ltd. Secures Framework
Contract Valued At Up To $260 Million, Reuters, January 6, 2011.
http://in.reuters.com/finance/stocks/ESLT.O/key-developments/article/2058538
Email correspondence (July 17, 2011) between Carlo Tombola, Coordinatore scientifico, Osservatorio Produzione Armi Leggere e Politiche di Sicurezza, and Richard Sanders, Coordinator, Coalition to Oppose the Arms Trade.
CNH Global (Fiat Kobelco)
www.whoprofits.org/Company%20Info.php?id=982
Ni’ilin 17.9.2008
www.youtube.com/watch?v=QtkO6OiM-0Q
Ni’lin
http://en.wikipedia.org/wiki/Ni%27lin
"Mass Demo against the wall and in commemoration of Sabra and
Shatila – Ni’ilin, Wednesday 17.9," September 11, 2008.
www.kibush.co.il/show_file.asp?num=28964