EU taxpayers’ money invested in cluster munitions industry – media

A heavily indebted pension fund serving the European Parliament has been found to have used taxpayer money to purchase shares in various arms, tobacco, mining and fossil fuel companies, EUobserver reported on Tuesday.

The news outlet claims to have obtained “a detailed breakdown” of the fund’s investments between 1994 and 2010. According to the documents, MEPs held tens of thousands of shares in several arms manufacturers known for producing cluster munitions, which have been banned by the EU since 2008.

Those companies included US giants Raytheon, Honeywell International and Textron, all of which were known to produce the deadly weapons, considered dangerous to civilians.