free-thinkers.eu Church of England has up to £10m invested in arms firm
Guest@54.198.212.30 | PATH: /reblog/church-of-england-ha...
177

Church of England has up to £10m invested in arms firm

Source: http://www.independent.co.uk/news/uk/home-news/chu...

The Church of England has invested up to £10m in one of the world's major arms firms, which supplies systems and technology for unmanned drones and jets to conflicts around the world. The discovery, on the eve of what is set to be the biggest day of protests against DSEi – the UK's leading arms fair – in Docklands, London, tomorrow, has led worshippers to accuse church leaders of profiting from conflict.
The Church Commissioners and Church of England Pensions Board are both shareholders in General Electric (GE), with shareholdings up to £10m. Yesterday, the Church defended the investment, claiming less than 3 per cent of GE's business was based in arms sales.
But the firm, along with its key subsidiary General Aviation, is a leading supplier of "integrated systems and technologies" for combat aircraft, military transport, helicopters, land vehicles and unmanned aerial vehicles – better known as drones.
It is the 20th-highest-ranking firm in the world when it comes to defence sales, which accounted for almost 3 per cent of its total revenue last year – an estimated $4bn.
GE also makes the F101 aircraft, which took part in combat in Afghanistan and Iraq. Designed as a "strategic nuclear bomber", it was modified to carry a "diverse range of conventional weapons", according to GE's website.
While the Church of England is not breaching its own rules by investing in the firm – investments in companies that derive less than 10 per cent of turnover from strategic military sales are allowed – some church members reacted angrily to the news.
http://free-thinkers.eu/post/113

Other recent posts in /reblog...

520

BBC Bias - Syria reporting

A Story by Robert Stuart of Global Research.ca Correspondence with the BBC over allegations that the Panorama documentary 'Saving Syria's Children' broadcast on 30 September 2013 included staged sequences purporting to show the aftermath of an incendiary bomb attack on an Aleppo school on 26 August 2013

Alternative Theory (5)

Conspiracy Theory or Fact?


Big Brother (Spying) (5)

Big brother is watching you


Censorship (5)

The child of fear, and the father of ignorance


Environment (5)

A list of recent environmental themed articles


Finance (5)

The tool of the trade


Food/Health (5)

Be aware of what you consume - mind and body!


Intelligence (5)

Intelligence agency news


Military (5)

Here you will find news/articles/reblogs about War and anything blood for profit related


Police State (5)

A functioning Police state needs no Police


Politics (5)

You cannot make this up


Possible Assasinations (4)

Who dunnit?


Relgion (3)

Relgion or Religious?


Science (5)

Science


Secret Societies (1)

Not so secret anymore


Space (5)

It is out there...


Technology (5)

Is ALL technology good?


Warning your connection is not encrypted

Please consider using SSL (https://) encryption while browsing free-thinkers.eu. Note we do not pay for our SSL certificate, it is self signed. If you get a warning you can safely ignore it. If using Firefox, consider permanently allowing our certificate in your browser. Click the link to use an SSL connection to this page: https://free-thinkers.eu/reblog/church-of-england-has-up-to-10m-invested-in-arms-firm