From The Independent UK-The Church of England has invested up to £10m in one of the world's major arms firms, which supplies 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 amounting to just under £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.
More here-
http://www.independent.co.uk/news/uk/home-news/church-of-england-has-10m-invested-in-arms-firm-8803469.html
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