Canada Pension Plan should divest from BAE Systems and warplanes

Published by Brent Patterson on

Canada Pension Plan should divest from BAE Systems and warplanes

The Canada Pension Plan Investment Board (CPP Investments) increased its holdings in the United Kingdom-based BAE Systems from $9 million in 2015 to $33 million in 2017/18.

BAE Systems is the manufacturer of the Eurofighter Typhoon fighter jet.

The company delivered 72 of these warplanes to Saudi Arabia between 2009 and 2017.

Plans were also announced earlier this year for BAE Systems to manufacture another 48 of these warplanes for Saudi Arabia.

Since 2015, Saudi air strikes against Yemen have killed thousands of civilians and bombed over 100 medical facilities.

A former Royal Saudi Air Force officer has said that these air strikes would not be able to continue without the Typhoon fighter jet.

Please send this email to Chrystia Freeland, the Minister of Finance (the minister responsible for the Canada Pension Plan), and the Canada Pension Plan asking them to divest from BAE Systems.

Canada Pension Plan should divest from BAE Systems warplanes

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