Nuclear free - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Tue, 15 Oct 2013 03:49:03 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Nuclear free - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 NZ Super Fund in ‘Don't Bank on the Bomb' Hall of Fame https://cathnews.co.nz/2013/10/15/nz-super-fund-dont-bank-bomb-hall-fame/ Mon, 14 Oct 2013 18:05:35 +0000 http://cathnews.co.nz/?p=50764 The New Zealand Superannuation Fund (Super Fund) is one of twelve financial institutions listed in the global ‘Hall of Fame' in the comprehensive new report ‘Don't Bank on the Bomb' launched tonight in Stockholm, Sweden. ‘Don`t Bank on the Bomb' details how 298 private and public financial institutions around the world invest almost $314 billion (USD) in 27 Read more

NZ Super Fund in ‘Don't Bank on the Bomb' Hall of Fame... Read more]]> The New Zealand Superannuation Fund (Super Fund) is one of twelve financial institutions listed in the global ‘Hall of Fame' in the comprehensive new report ‘Don't Bank on the Bomb' launched tonight in Stockholm, Sweden.

‘Don`t Bank on the Bomb' details how 298 private and public financial institutions around the world invest almost $314 billion (USD) in 27 companies involved in the production, maintenance and modernization of nuclear weapons. It is launched today in the wake of the forthcoming UN General Assembly First Committee, set to begin discussion on nuclear weapons on 17 October. Continue reading

NZ Super Fund in ‘Don't Bank on the Bomb' Hall of Fame]]> 50764 NZ Super Fund quits backing nuclear base operators https://cathnews.co.nz/2013/06/11/nz-super-fund-quits-backing-nuclear-base-operators/ Mon, 10 Jun 2013 19:03:51 +0000 http://cathnews.co.nz/?p=45356 The New Zealand Superannuation Fund has excluded seven companies with operations in nuclear bases from its $22 billion portfolio, while clearing the return for four firms which had previously been excluded for their involvement in cluster munitions. The Cullen Fund, so-called for its architect former Finance Minister Michael Cullen, will exclude public companies Babcock & Wilcox, Read more

NZ Super Fund quits backing nuclear base operators... Read more]]> The New Zealand Superannuation Fund has excluded seven companies with operations in nuclear bases from its $22 billion portfolio, while clearing the return for four firms which had previously been excluded for their involvement in cluster munitions.

The Cullen Fund, so-called for its architect former Finance Minister Michael Cullen, will exclude public companies Babcock & Wilcox, Fluor Corp, Huntington Ingalls Industries, Jacobs Engineering Group, Serco Group and URS Corp, having sold its $2.2 million holdings in those firms, it said in a statement. Private company Bechtel Group will also be excluded.

NZ Super Fund quits backing nuclear base operators]]> 45356 Archbishop Francis Chullikat: Nuclear disarmament https://cathnews.co.nz/2011/07/15/archbishop-francis-chullikat-nuclear-disarmament/ Thu, 14 Jul 2011 19:02:44 +0000 http://cathnews.co.nz/?p=7457 The "nuclear question" is at once complex and straightforward: what do we do with the Cold War legacy of thousands of the most destructive weapons humankind has ever created? For more than 60 years since the dawn of the nuclear age, the world, and particularly the Church, has grappled with the role of these weapons, Read more

Archbishop Francis Chullikat: Nuclear disarmament... Read more]]> The "nuclear question" is at once complex and straightforward: what do we do with the Cold War legacy of thousands of the most destructive weapons humankind has ever created? For more than 60 years since the dawn of the nuclear age, the world, and particularly the Church, has grappled with the role of these weapons, their legality and the moral implications of their production, deployment and intended use.

What I would like to do here is to share how the development of the Church's teachings have advanced over the years and what those teachings say to us today. I will then explore the current status of efforts to address these unique weapons and specifically, the position of the Holy See.

As you all are aware, new attention is being paid to the unresolved problem of 20,000 nuclear weapons located at 111 sites in 14 countries. More than half the population of the world lives in a nuclear-armed country. Each year, nations spend $100 billion on maintaining and modernizing their nuclear arsenals.

When we are talking about the nuclear disarmament, the principle of good faith is vital within international law. Essentially, good faith means abiding by agreements in a manner true to their purposes and working sincerely and cooperatively through negotiations to attain agreed objectives.

Therefore, the current modernization of nuclear forces and their technical infrastructure are contrary to such good faith because they make difficult or impossible a negotiated achievement of global nuclear disarmament.

President Ronald Reagan at his second inaugural address in 1985 said: "We seek the total elimination one day of nuclear weapons from the face of the Earth". I think it is time to follow through on his goal.

Read the complete address of Archbishop Francis Chullikat' on Nuclear disarmament

Sources

Archbishop Francis Chullikat: Nuclear disarmament]]> 7457