Australia’s Future Fund invests in nuclear weapons
Australia investing in nuclear arms, The Age, Dan Oakes, May 26, 2011 THE federal government’s $74 billion Future Fund is investing Australian taxpayers’ money in foreign companies that make components for nuclear weapons.
Records obtained under freedom of information laws show the fund has $135.4 million invested in 15 companies involved in the design, production and maintenance of nuclear weapons for the United States, Britain, France and India.
About $3.8 million of this is invested in Larsen & Toubro, a Mumbai-based company involved in building a fleet of nuclear-armed submarines for India. The company has also helped test a launch system for India’s nuclear missiles.Any investment involving the production of nuclear weapons for India is particularly controversial because New Delhi is not a signatory to the nuclear non-proliferation treaty…… Australia investing in nuclear arms
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1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 
Can the govenrment explain why it is investing Australian taxpayers’ money in the above industries, but won’t support a local company which has developed highly advanced lethal & non-lethal weapons for peaceful & war situations? These same weapons could save Australian soldiers lives. This Australian company has been trying for years to get funds to certify & market their weapons, the U.S. Marines are interested as are many other organisations, but the Australian company needs funds to go to manufacturing stage. Several overseas companies are hovering like vultures waiting for the company to fail due to lack of funds. Then the whole project will go overseas, including a lot of employment, knowledge & money. Just as always happens with good Australian inventions and industry.
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