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  1. Embed this notice
    Ravi Nayyar (ravirockks@infosec.exchange)'s status on Monday, 24-Mar-2025 09:31:10 JST Ravi Nayyar Ravi Nayyar

    'Lizzie Jones of Supacat, which manufactures military vehicles used by special forces and infantry [said] ... "We have absolutely felt the disinterest from banks to invest in the defence industry, which has been really hard to deal with over the last few years".

    'The ESG agenda was really impacting small to medium enterprises where no banking was effectively taking place, and individuals couldn't go get a bank account because they were in the defence sector.

    'The Financial Conduct Authority said last month that its ESG reporting rules contain nothing "that prevents investment or finance for defence companies", implying that divesting from or avoiding defence is a choice for institutions and their customers'.

    The warped political economy of Western commerce.

    Where investing in Chinese companies/ops until just after the pandemic was/remains fabulous, but funding your own DIBs remains 'unethical' because everyone (bar the Chinese/Russians/Iranians/North Koreans/proxies) must be 'anti-war'.
    https://news.sky.com/story/defence-firms-held-back-by-uk-ethical-banking-standards-industry-says-13332109

    In conversation about 3 months ago from infosec.exchange permalink

    Attachments

    1. Domain not in remote thumbnail source whitelist: e3.365dm.com
      Defence firms held back by UK ethical banking standards, industry says
      Banks are facing pressure on many fronts to bolster lending to defence companies on the frontline of UK security amid accusations that lenders are hiding behind ESG rules.
    • Embed this notice
      Ravi Nayyar (ravirockks@infosec.exchange)'s status on Monday, 24-Mar-2025 09:31:10 JST Ravi Nayyar Ravi Nayyar
      in reply to

      'We now know that British output shrank in January ... not enough growth, so not enough fiscal revenue, so not enough defence spending, at least without sacrifices elsewhere, for which there is not enough public support.

      'The Spanish prime minister won’t cut a “single cent” of social spending ... The willingness of citizens to forgo private consumption or welfare for defence is untested, at best ... A consensus for more defence spending is worth only so much without a consensus for actually deploying force.

      'Bar Poland, the countries on the continent that spend most on defence as a share of income, such as Latvia, are among the smallest.

      'We don’t know what European citizens are willing to give up for rearmament. We know even less which ones will bear those arms, where'.

      What's one of Europe's nicknames, 'The Empire of Values', right?
      https://archive.md/YIQ5C

      In conversation about 3 months ago permalink

      Attachments

      1. Domain not in remote thumbnail source whitelist: archive.md
        Europe is only half-awake from its long sleep
        archived 19 Mar 2025 19:19:17 UTC
    • Embed this notice
      Ravi Nayyar (ravirockks@infosec.exchange)'s status on Monday, 24-Mar-2025 09:32:21 JST Ravi Nayyar Ravi Nayyar
      in reply to

      Well, I hope they implement this.
      https://ec.europa.eu/commission/presscorner/detail/en/ip_25_793

      In conversation about 3 months ago permalink

      Attachments

      1. Domain not in remote thumbnail source whitelist: ec.europa.eu
        Commission unveils the White Paper for European Defence and the ReArm Europe Plan/Readiness 2030
        Today, the Commission and the High Representative have presented a White Paper for European Defence – Readiness 2030.

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