Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Grossi: There are no accusations against the Iranian nuclear program. We are talking about certain reports.
Grossi: The claims that Iran's nuclear program is not peaceful or not military military cannot be verified. The IAEA does not make accusations and only investigates.
Grossi: "Israel" is raising many concerns, and we are attempting to resolve them diplomatically. Its officials' talk about an attack is its government's responsibility.
Grossi: It is important to see determination from the Syrian president and to have a short timeframe to work there.
Grossi: The Joint Comprehensive Plan of Action was tailored for the circumstances at the time. Their time is up, and the agreement cannot be revived.
Grossi: [Interim Syrian President] al-Sharaa gave us access to Syria, and we are now able to make many revelations. My visit there was highly important.
Grossi: What we are doing in Syria is extremely important. The issue was suspended for the longest time and we were unable to carry out our duties there.
Grossi: We are not waiting for what may happen in the indirect negotiations, and we are aware that Iran’s stance on them will greatly impact other matters.
Grossi: Enrichment in Iran is not prohibited, but a country accumulating it and approaching weapons-grade levels cannot be overlooked.
Grossi: The situation in Zaporizhzhia, Ukraine, is fragile, and the ongoing deterioration of infrastructure continues to affect nuclear safety.

Australia's $59bln Cbus pension considers divesting from 'Israel'

  • By Al Mayadeen English
  • Source: Bloomberg
  • 10 May 2024 13:36
  • 6 Shares
3 Min Read

Cbus owns almost A$3 million (around $2m) of shares in Lockheed Martin, known to give "Israel" F-35 fighter jets, as per the latest disclosures on its website.

  • x
  • Israel's Prime Minister Benjamin Netanyahu carried among Palestinian flags during a pro-Palestinian rally in Sydney, Saturday, Oct. 21, 2023. (AP)
    Picture of Israeli Prime Minister Benjamin Netanyahu carried among Palestinian flags during a pro-Palestinian rally in Sydney, Saturday, October 21, 2023 (AP)

A spokesperson for one of Australia’s largest pension funds, Cbus, confirmed that the company is looking into its investment policy after pressure from a major union to divest shares in companies that provide weapons and defense technology to "Israel".

In a statement, the spokesperson said that this comes amid “community concern over the conflict and loss of life in Gaza and Israel,” adding, “Cbus’s exclusions framework is currently under review to ensure it remains reflective of the current environment and responsive to our members’ concerns, while also ensuring we meet all of our regulatory obligations."

The Guardian first reported the matter, referring to companies including Lockheed Martin Corp. and RTX Corp, which represent around 0.01% of Cbus’ portfolio.

“However, we understand that even a small holding in the current climate may cause concern,” the spokesperson added.

Rights organizations are calling on the #Australian government to cancel any visa issued to an ex-Israeli major-general who was involved in Israeli war crimes in #Gaza between 2001 and 2003. pic.twitter.com/ZMo8qRovH5

— Al Mayadeen English (@MayadeenEnglish) March 5, 2024

The Construction, Forestry, Maritime, and Energy Union (CFMEU) discussed Cbus’ policy with its top management as part of a push for all industry pension funds to divest, due to concern over retirement savings invested with companies tied to "Israel", as per the union. 

CFMEU National Secretary Zach Smith said in an emailed statement, “We welcome Cbus urgently reviewing its portfolio,” noting, “Now it’s up to other industry funds to follow their lead.”

Related News

Battles escalate in Khan Younis as al-Qassam confronts IOF

Gaza Health reports 108 martyrs in 24 hours amid ongoing aggression

Cbus owns almost A$3 million (around $2m) of shares in Lockheed Martin, known to give "Israel" F-35 fighter jets, as per the latest disclosures on its website, as it also owns A$3.5 million ($2.3m) of shares in RTX which sells arms to "Israel". 

In response, a Lockheed Martin spokesperson said, "Questions regarding investment strategy and related policies are best addressed by Cbus."

Australia is beyond involvement

This comes exactly two months after Australian Prime Minister Anthony Albanese became the first Western leader to be referred to the ICC for being an “accessory to genocide” in Gaza.

According to attorney Sheryn Omeri in an interview for ABC‘s News Breakfast, he has been referred as a result of having supplied financial and political support for "Israel", which has now killed over 35,000 martyrs in Gaza. 

The referral, which has been based on Article 15 of the Rome Statute, signed by over 100 lawyers and requested by Australian law firm Birchgrove Legal, states that Albanese and members of his Cabinet and Parliament provided "Israel" with “rhetorical support in their public statements, their press conferences, their speeches,” in addition to material assistance. 

Albanese calls the referral by Birchgrove Legal as having “no credibility”, as the firm has also called for an investigation into the government for pausing funding to UNRWA.

  • Gaza Strip
  • Cbus
  • BDS
  • Israel
  • Israeli occupation
  • Australia
  • divestment
  • Gaza
War on Gaza

War on Gaza

Most Read

The logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025
Iranian demonstrators walk on a caricature of the Israeli Prime Minister Benjamin Netanyahu during the annual Quds Day rally in support of Palestinians, in Tehran, Iran, Friday, March 28, 2025 (AP)

Iran hits 'Israel' hard without arms; intel breach lays Tel Aviv bare

  • Politics
  • 7 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Climate activist Greta Thunberg, center, waits to board the Madleen boat, before setting sail for Gaza along with activists of the Freedom Flotilla Coalition, departing from the Sicilian port of Catania, Italy, Sunday, June 1, 2025 (AP)
Politics

Gaza aid vessel vows to continue until final moment

A view of the Knesset through the entrance window. (Agencies)
Politics

Haredi parties push for Knesset dissolution, call PM 'a burden'

Palestinians carry the body of Ahmed Abu Hilal, who was killed while on his way to an aid hub in Gaza, during his funeral in Khan Younis, in the southern Gaza Strip, on Sunday, June 8, 2025 (AP)
Politics

US 'aid centers' in Gaza are deadly traps: Palestinian Resistance

An aerial view shows sections of the columns in the ancient city of Palmyra, Syria, Saturday, January 25, 2025 (AP)
Arts and Culture

Syria’s ancient sites looted as artifacts flood online markets

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS