War profiteers: Danish pension funds accused of financing war in Yemen ...News

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War profiteers: Danish pension funds accused of financing war in Yemen
New research by Oxfam IBIS revealed that Denmark’s 16 pension funds have together invested almost 3 billion Danish kroner ($500 million) in foreign arms manufacturers supplying weapons to countries like Saudi Arabia and the UAE. Those weapons were most likely used in the war in Yemen, as Saudi Arabia and the UAE are heavily involved in the conflict there, said the report. It has accused the pension funds of "profiteering.” One of the 21 companies that received Danish pension fund money is US missile manufacturer Raytheon. The fund that gave the money said it didn't invest in companies that produce so-called unconventional weapons, such

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