Belgium bans investments in cluster bomb makers

[maddezmom]

Belgium bans investments in cluster bomb makers
02 Mar 2007 16:42:26 GMT
Source: Reuters

BRUSSELS, March 2 (Reuters) - Belgium became the first country to make it a crime to invest in companies that make cluster bombs, said the author of a law passed on Thursday.

"The financial groups which invest in or finance (cluster bomb manufacturers) will be outlawed," Socialist Senator Philippe Mahoux told Reuters on Friday.

This move followed a pledge in Oslo last week by 46 countries to work for a treaty next year to ban the bombs, which have killed thousands of civilians around the world.

Belgium's law, approved by the upper house, specified that a list of manufacturers would be published by parliament, Mahoux said. It would prohibit banks from offering credit to cluster bomb makers and from owning shares or bonds in these companies.

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more: http://mobile.alertnet.org/thenews/newsdesk/L02211558.htm

[Miss Chybil]

1. K & R nt