HEADQUARTERS
Paris, France
largest shareholders
Ownership concentrated within its own network of local, cooperative banks
subsidiaries
Banque Palatine
Oney Bank
Natixis Investment Managers
Natixis Corporate & Investment Banking
Banque Populaire
Caisse d’Espargne
publicly traded
NO
operations
Global; largest influence in France
total assets
£1.35 trillion
financing overview
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climate crisis
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genocide in Gaza
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Palestine occupation
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controversial weapons
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Migrant abuse
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£29,978,808,000
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£251,838,000
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£3,104,800,000
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£1,373,600,000
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£398,000,000
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Found to discreetly fund companies accused of polluting the Amazon Basin
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In top 20 European investors providing loans to arms companies complicit in the Gaza genocide
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Its subsidiary found to be involved in lending money to Israel Electric Corporation (IEC), which supplies electricity directly to illegal settlements
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Provided over a billion pounds worth of funding to companies producing nuclear weapons
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Bankrolling Airbus
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Company highlights and involvement
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company involved
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funding
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climate crisis
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gaza genocide
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cont. weapons
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migrant abuse
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ENI
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£395m
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ITHACA ENERGY
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£121m
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GLENCORE
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£82m
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TOTAL ENERGIES
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£1.1bn
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BOEING
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£135m
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LEONARDO
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£117m
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AIRBUS
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£398m
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SAFRAN
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£495m
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THALES
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£191m
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Fossil fuel companies bankrolling the climate crisis
Funded: £1.1BN
Climate Crisis
gaza genocide
TotalEnergies is a French energy giant complicit in human rights abuses, relentless fossil fuel expansion, and decades of deceit. Like its peers, TotalEnergies knew about climate change as early as 1970 but chose to fund misinformation campaigns, deliberately delaying vital climate action. Now it hides behind greenwashing—falsely claiming a path to net zero while boosting fossil fuel production.
TotalEnergies’ East African Crude Oil Pipeline (EACOP) project in Uganda and Tanzania has sparked outrage over human rights violations and environmental destruction. This 1,440km behemoth threatens to displace over 120,000 people, leaving communities devastated and livelihoods shattered. The Ugandan government, seemingly in lockstep with TotalEnergies, has ruthlessly silenced opposition, jailing peaceful protesters and crushing dissent. Families face intimidation and pressure to accept paltry compensation, their futures hanging in the balance.
Most chillingly, Total fuels Israel’s genocide in Gaza. Research reveals it supplies oil to Israel via Brazilian shipments and the BTC pipeline, profiting from bloodshed. The list of Total’s abuses culminates with its complicity in the Israeli genocide of Palestinians. Investigations by Oil Change International expose its direct complicity in Israel’s slaughter of Palestinians, supplying oil through Brazilian onshore fields it co-owns and the BTC pipeline, where it holds a stake. While Gaza burns, Total fuels the fire.
Funded: £82m
Climate Crisis
Glencore, one of the world’s largest mining companies and a leading trader of fossil-fuel commodities, embodies the brutal realities of neocolonial exploitation. Glencore accounts for a significant portion of global coal production, operating mines in countries like Colombia, South Africa, and Australia, while systematically ravaging environments and trampling human rights.
Its operations in the Democratic Republic of Congo (DRC) are a stark example, where investigations revealed years of waste acid discharge from its Luilu copper refinery, causing severe pollution and ongoing spills. Glencore’s denial of responsibility for child labour at its sites, instead blaming impoverished locals, is a cynical attempt to deflect from its own complicity. Further exposing its predatory practices, the Paradise Papers leak unveiled Glencore’s ties to controversial figures who facilitated the acquisition of undervalued mining rights, robbing the DRC of a tenth of its annual budget.
Glencore’s corruption extends across Nigeria, Côte d’Ivoire, and Cameroon, with its former head of oil trading and four executives facing UK bribery charges, including allegations of flying cash bribes on private jets. In South America, its copper mining has poisoned indigenous lands and rivers in Peru, devastating the health and livelihoods of the Quechua and K’ana peoples while denying compensation. The company’s dark history also includes funding state security forces and paramilitary groups in Colombia and the Philippines to intimidate and murder communities resisting its exploitation.
Funded: £121M
Climate Crisis
gaza genocide
Ithaca Energy, a UK-based oil and gas firm, faces scrutiny over its ties to Israel and the genocide in Palestine, as well as its role in the controversial Rosebank oil field—the UK’s largest undeveloped fossil fuel project.
A majority stake in Ithaca is owned by the infamous Delek group, a conglomerate known for its close ties to the Israeli military. In 2023, Ithaca Energy channeled approximately $355 million out of its $400 million planned dividends to Delek Group – funds that may support Israel’s military atrocities. Delek has been blacklisted by the UN for operating in illegal West Bank settlements and supplying fuel to the Israeli military under a contract renewed in 2024 despite global outcry over Gaza. As IDF vehicles refuel at Delek stations en route to further violence, Ithaca’s North Sea oil profits help sustain this deadly cycle.
Ithaca’s environmental record is equally damning. It holds stakes in Rosebank # and the Cambo oil field, both fiercely opposed by climate activists for exacerbating ecological destruction. Grassroots resistance has scored key victories. In December 2024, a court halted Rosebank’s development over inadequate emissions assessments, dealing a blow to Ithaca’s plans.
Funded: £395M
Climate Crisis
gaza genocide
ENI Energy, the Italian oil and gas supermajor, operates across 60+ countries, leaving a trail of neocolonial exploitation and environmental devastation, particularly in Africa. Its record includes the discovery and continued extraction from Egypt’s massive offshore gas field, alongside the egregious launch of Africa’s first tar sands project in the ecologically vital Congo Basin, threatening invaluable biodiversity and the livelihoods of thousands. The company’s staggering negligence is laid bare by its Nigerian subsidiary’s 52 oil spills between 2021 and 2023, which ravaged local rivers and crops. Worse, ENI not only provided misleading information about the damages but also brazenly refused compensation or acknowledgment for the suffering inflicted on affected communities.
ENI’s complicity extends to the unfolding genocide in Gaza. Just weeks after Israel’s assault on Gaza escalated in late 2023, ENI secured a licence to explore gas fields off Israel’s coast—territory widely recognised as Palestinian maritime waters. Revenues from these projects directly bolster Israel’s military, fuelling its campaign of destruction.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £135M
controversial weapons
gaza genocide
Boeing is not only a global aerospace giant but also a pivotal enabler of the Israeli genocide of Palestinians. The company has supplied Israel with vast quantities of advanced weaponry, notably its Joint Direct Attack Munition kits, which convert unguided bombs into precision-guided munitions. These Boeing-manufactured weapons have been linked to numerous deadly attacks on densely populated civilian areas, in what Amnesty International and other human rights organisations have condemned as potential war crimes. Boeing’s Apache attack helicopters and F-15 fighter jets have also played a central role in Israeli military campaigns, further amplifying the scale and lethality of operations in Gaza.
Beyond its role in conventional warfare, Boeing is a key contractor in the U.S. nuclear weapons program, maintaining and supporting the guidance systems for Minuteman III intercontinental ballistic missiles, which are central to the U.S. nuclear arsenal. This dual role—supplying both conventional and nuclear arsenals—places Boeing at the heart of global military-industrial power, with its products implicated in both genocide and the ongoing threat of nuclear escalation.
Case study: Joint Direct Attack Munitions used on Palestinians
- Deir al-Balah, Gaza
- Owner: Boeing
On 10 and 22 October 2023, two Israeli air strikes—using Boeing-manufactured Joint Direct Attack Munitions —killed 43 civilians, including 19 children, in Deir al-Balah, Gaza. Amnesty International’s forensic analysis confirmed Boeing’s JDAM fragments and manufacturing codes in the rubble of destroyed homes, where survivors reported no prior warning. The attacks, lacking any apparent military objective, obliterated families and left survivors in shock.
US-made weapons facilitated the mass killings of extended families
Funded: £117M
gaza genocide
CONTROVERSIAL WEAPONS
The Italian arms giant Leonardo supplies the deadly naval gun systems mounted on Israel’s Sa’ar-class warships, the brutal enforcers of Gaza’s illegal naval blockade. These warships, including the heavily armed Sa’ar 6 corvettes, form the backbone of Israel’s naval oppression, cutting off food, fuel, and medical supplies to Gaza’s besieged population. In October 2023, Leonardo’s weaponry saw its first bloody deployment as Sa’ar 6 ships bombarded Gaza, directly enabling Israel’s indiscriminate assault on Palestinian civilians. By arming these warships, Leonardo isn’t just complicit in collective punishment—it’s a key enabler of what legal experts say constitutes war crimes. While posing as a “defence” contractor, the company profits from the machinery of occupation, turning Gaza’s coastline into a militarised kill zone where Palestinian fishermen are shot at and humanitarian aid is blocked.
Companies bankrolling MIGRANT ABUSE
Funded: £398M
migrant abuse
gaza genocide
controversial weapons
Airbus SE, headquartered in the Netherlands, is a multinational military and aerospace company that specializes in manufacturing commercial and military aircraft. Between 2008 and July 2024, the U.S. government awarded Airbus over $7.5 billion of contracts, the vast majority of which were held by the Departments of Defense (DHS) and Homeland Security (DHS).
U.S. immigration authority Customs and Border Protection (CBP) uses Airbus helicopters as part of its Air and Marine Operations (AMO) fleet. In 2023 alone, AMO’s enforcement resulted in 1,004 arrests and 89,909 apprehensions of immigrants. According to Airbus, it has provided aircraft for U.S. border enforcement operations since the 1980s.
CBP uses the Airbus AS350 Light Enforcement Helicopter (LEH) for “aerial patrol and surveillance of stationary or moving targets,” particularly in metropolitan areas. These helicopters are equipped with electro-optical (day) and infrared (night) sensors. Airbus has provided CBP with more than 100 helicopters from this series over the years, but started providing CBP with new and improved H125 helicopters, “uniquely configured” for the agency, in 2020. Airbus has described the new model as “one of the most advanced, high-tech law enforcement helicopters ever developed.”
CBP has also used the smaller Airbus EC120 helicopter as a “highly-effective aerial surveillance platform in the border desert areas where terrain can be difficult to traverse on foot.” CBP has frequently used this aircraft to assist ground agents in detecting traces left behind by people crossing the desert.
Airbus has collaborated extensively with Israeli Aerospace Industries (IAI) and between 2008 and 2021 applied for a UK export license to sell weapons to Israel. IAI and Airbus also have historically collaborated in joint commercial ventures. In 2011, Airbus Military and IAI came together to sign a Memorandum of Understanding to develop and market the C295 platform (a combat aircraft with surveillance systems). In 2018, Airbus signed a $600million deal with IAI to lease Heron TP drones to Germany’s Defence Ministry. These are unmanned drones which have been used in Gaza since October 2023, and have been reportedly deployed by German forces in Afghanistan for ‘a number of years’.
Airbus Defence and Space Airborne Solutions, a 100% subsidiary of Airbus, also partners with IAI to operate maritime aerial surveillance services for the European Border Agency. These drones, previously tested in operations conducted by the Israeli armed forces, are used to intercept migrant vessels crossing the Mediterranean. According to Statewatch, the choice of these drones was determined by their “performance… in the maintenance of public order by the Israeli Defence Forces and police forces”, implicating them in the ongoing enforcement of Israel’s system of colonial occupation and apartheid. Airbus has thus not only profited from – and helped Israel to profit from – the sale of weapons tested on Palestinians, but the company has also enabled Israel to establish itself as a leading provider of defence and commercial technologies on the global stage.