HEADQUARTERS
Montreal, Canada
publicly traded
YES
largest shareholders
Royal Trust Corp of Canada (7.97%) Vanguard Fiduciary Trust Co (4.42%)
BMO Bank NA (3.61%)
TD Waterhouse Private Investment Counsel (2.37%)
CIBC World Markets Inc (1.86%)
operations
Canada, North America
total assets
£750 billion ($1.41 trillion CAD)
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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£58 billion
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£402 million
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N/A
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£1.2 billion
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£413 million
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#16 financier of fossil fuel globally in 2024
Providing loans/underwriting to the Trans Mountain Pipeline expansion and Alberta Tar Sands |
Financed Boeing and RTX
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N/A
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One of the largest financiers of companies manufacturing nuclear weapons between January 2021 and August 2023.
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Invested in Leidos
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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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BOEING
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£240m
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FLUOR
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£205m
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JACOBS SOLUTIONS
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£142m
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LEIDOS
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£413m
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RTX
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£161m
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PERATON
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£14m
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GLENCORE
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£1.3 billion
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Fossil fuel companies bankrolling the climate crisis
Funded: £1.3bn
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.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £240m
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
Agnès Callamard, Amnesty International’s Secretary General
Funded: £142m
controversial weapons
Jacobs Solutions, previously known as “Jacobs Engineering”, is a U.S. based company that provides consulting, technical, scientific and project delivery services for the government and private sector. Jacobs Engineering completed its acquisition of another nuclear weapon component producer, CH2M Hill, in 2017. On 20 November 2023, Jacobs announced a definitive agreement to spin-off and combine its Critical Mission Solutions and Cyber & Intelligence government services businesses with Amentum, a private equity-owned U.S. government services company involved in the management and operation of the Lawrence Livermore National Laboratory and the Los Alamos National Laboratory. In the financial year ending 27 September 2022, Jacobs generated revenues of $14.9 billion.
Funded: £161m
gaza genocide
controversial weapons
RTX, formerly known as Raytheon Technologies, is a major player in the global arms industry and a prime contractor for the United States’ newest generation of nuclear weapons. The company leads the development of the Long Range Standoff missile, a nuclear-capable weapon designed to be launched from bombers and to evade modern defences, reinforcing America’s nuclear strike capabilities. RTX’s influence extends further through its subsidiary, Collins Aerospace, which is building crucial command and control systems for the US Air Force’s next-generation Sentinel missile. These projects place RTX at the core of efforts to modernise and expand the US nuclear arsenal.
RTX supplies the Israeli Air Force with guided air-to-surface missiles for its F-16 fighter jets, as well as cluster bombs and “bunker buster” bombs, although there is no conclusive evidence that Israel has been using them in Gaza since October 2023. RTX subsidiary Pratt & Whitney manufactures engines for F-15 and F-16 fighter jets.
Funded: £413m
migrant abuse
controversial weapons
From nuclear weapons labs to migrant detention camps, Leidos operates at the sinister intersection of mass surveillance and militarised violence. The US defence giant co-manages the Y-12 National Security Complex—birthplace of the Hiroshima bomb’s uranium core—while simultaneously profiting from Britain’s escalating border regime. Its technologies power a dystopian vision of control: drones patrol coastlines, biometric databases track migrants indefinitely, and telecoms surveillance systems monitor entire communities under the guise of counterterrorism. In the UK, Leidos’ data collection and facial recognition systems turn borders into automated checkpoints, where human rights yield to algorithmic policing. Its central role in the UK’s Biometric Programme creates a permanent digital leash for migrants, enabling round-the-clock tracking under the guise of “efficiency.”