Basel conference on reversing the financial interests in the nuclear arms race and fossil fuels

Money makes the world go around
Cabaret by Christopher Isherwood

The nuclear weapons and fossil fuel industries are making billions – if not trillions – of dollars fostering a nuclear arms race and destroying the climate. They have a vested financial interest in producing more and more nuclear weapons and in preventing a shift from fossil fuels to renewable energy.

You and I could be supporting them through investments made in these industries on our behalf by our governments, cities, universities, religious organisations, banks or pension funds.

You can make a difference by joining global campaigns to divest from nuclear weapons (e.g. Move the Nuclear Weapons Money) and/or fossil fuel industries (e.g. Go Fossil Free).

Through divestment we can put pressure on the industries to change. We can highlight the immorality (and stupidity) of making vast profits on the destruction of the planet. And we can help shift the economic environment from one that supports nuclear weapons and fossil fuels, to one that instead supports and incentivizes renewable energy, social needs (like education, health and welfare) and sustainability.

Basel Conference: Move the Nuclear Weapons Money

The Basel Peace Office and the Basel Stadt Kanton (city) are hosting an international conference on April 12-13, 2019 to advance personal, local, national and global divestment from the nuclear weapons and fossil fuel industries. The conference, which is open to public, will bring together experts in nuclear weapons and climate change, fund managers & financial advisers, parliamentarians, city officials, religious leaders, students and activists.

Over two days, we will examine successful examples of divestment, discuss how to overcome barriers to establishing ethical investment portfolios, and build the campaigns to advance divestment, disarmament and climate protection in our regions and globally.

Already several governments, cities, religious institutions and universities in Europe, USA and globally have adopted nuclear weapons and or fossil fuel divestment policies. These include the Swiss War Materials Act of 2012, Berlin city policy on non-investment in armed warfare, Göttingen university policy of non-investment in fossil fuels, Cambridge MA city policy of divesting from nuclear weapons, and the UK Quaker meetings divestment from fossil fuels.

Additional impetus for nuclear weapons divestment comes from the 1996 International Court of Justice opinion on nuclear weapons, United Nations adoption of the Treaty on the Prohibition of Nuclear Weapons in 2017 and the UN Human Rights Committee affirmation in October 2018 that nuclear weapons violate the Right to Life as codified in the International Covenant on Civil and Political Rights.

Speakers include:

Join the conference

Join us in Basel for this informative and exciting event.
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