A North Yorkshire County Council pension fund invests £15m in arms companies that have built weapons for the deadly Saudi Arabia-led bombing campaign in Yemen.
The revelations come as part of a series of investigations by the Stray Ferret into controversial investments made by the North Yorkshire Pension Fund, which is controlled by the council.
The Stray Ferret obtained a full list of the companies the pension fund invests in through a freedom of information request.
The council’s pension fund is now facing renewed calls to divest from arms firms. However, its own responsible investment policy, last updated in July 2021, clearly states that it will not implement an “exclusionary policy” against companies that are deemed by some to be questionable.
Source: The Stray Ferret 20 January 2022
Note: Menwith Hill is in North Yorkshire and it is understood that it's facilities have been involved in the war in Yemen by undertaking covert surveillance.