HEADQUARTERS
Toronto, Canada
publicly traded
YES
largest shareholders
Royal Tryst Corp. of Canda (5.2%)
Vanguard Fiduciary Trust Col (4.6%)
BMO Bank NA (4.2%)
TD Waterhouse Private Investment Counsel, Inc. (2.2%)
CIBC World Markets, Inc. (1.7%)
Mackenzie Financial Corp. (1.6%)
Fidelity Investments Canada ULC (1.6%)
operations
Global
total assets
£1.3 trillion
financing overview
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climate crisis
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genocide in Gaza
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controversial weapons
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Migrant abuse
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£105,884,184,000
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£2,941,000,000
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£5,340,800,000
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N/A
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#7 largest funder of fossil fuels companies worldwide
RBC’s clients have been shown to fund climate scepticism and lobbied the Canadian government against climate policies |
Provided funding and financial services to companies that provide the Israeli government with the weapons it has used in the genocide in Gaza, including components for fighter jets and munitions
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Provided billions of pounds of funding to weapons companies that supply nuclear arsenals around the world
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RBC has funded companies that build the migrant detention and surveillance infrastructure for some of the most powerful governments in the worl
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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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AIRBUS
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£398m
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BAE SYSTEMS
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£73m
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BOEING
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£1.6bn
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FLUOR
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£40m
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GENERAL DYNAMICS
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£569m
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HONEYWELL
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£453m
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JACOBS SOLUTIONS
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£26m
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L3HARRIS
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£121m
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LEIDOS
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£86m
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LOCKHEED MARTIN
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£381m
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ROLLS-ROYCE
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£221m
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RTX
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£142m
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CENOVUS ENERGY
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£1.3bn
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TOTAL
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£589m
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GLENCORE
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£12m
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Fossil fuel companies bankrolling the climate crisis
Funded: £589m
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: £12m
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: £1.3bn
Climate Crisis
Cenovus Energy, headquartered in Calgary, is one of Canada’s largest integrated oil and gas producers, ranking as the country’s third-largest crude oil and natural gas producer and second-largest refiner and upgrader. The company’s operations span vast oil sands projects, conventional crude, and offshore assets, with a footprint that extends from Alberta to the Asia Pacific region. Cenovus has recently ramped up oil sands production, pumping out 613,000 barrels per day in early 2024 and securing a major stake in the newly completed Trans Mountain Expansion pipeline to boost crude exports to the Pacific.
Cenovus has been revealed as a key funder of groups that actively undermine climate action and question established climate science.
Internal records show Cenovus has donated significant sums to organisations such as the Fraser Institute and the Macdonald Laurier Institute, both of which have published material ridiculing the climate emergency and casting doubt on the urgency of emissions reductions. The Fraser Institute, for example, has promoted the false claim that there has been “no statistically significant temperature change for the past 15 to 20 years.”
Beyond funding, Cenovus has lobbied aggressively against federal climate policies, notably opposing the proposed cap on oil and gas sector emissions. The company’s CEO has publicly stated that such a cap is unnecessary, arguing that existing regulations are sufficient—a stance echoed by the think tanks and advocacy groups Cenovus support.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £1.6bn
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: £142m
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: £73M
controversial weapons
gaza genocide
BAE Systems is the United Kingdom’s largest arms manufacturer and ranks as the sixth largest globally by revenue. The company is a critical partner in the F-35 Lightning II program and is responsible for approximately 15% of the aircraft’s components. BAE also holds four active military export licences to Israel, issued since 2021.
One of its most controversial products is the M109 howitzer, capable of firing 155mm shells, including white phosphorus rounds and described by BAE as achieving the “optimal balance between lethality… and reliability.”
Human rights groups have presented evidence that these BAE-supplied howitzers were unleashed by Israeli forces in Gaza, firing white phosphorus shells into densely populated civilian areas. This constitutes a flagrant war crime under international law, unleashing unspeakable suffering.
Furthermore, a United Nations investigation revealed BAE equipment was deployed in a January 2024 bombing in Gaza that struck a building housing international doctors, including a British surgeon. This incident illustrates how UK-produced weapons are being used to target UK civilians.
Case study: M109 Howitzers Firing White Phosphorus in Gaza
Human rights groups, including Amnesty International, have presented evidence that BAE-supplied M109 howitzers were unleashed by Israeli forces in Gaza in October 2023. The howitzers fired white phosphorus shells into densely populated areas of Gaza. This constitutes a flagrant war crime under international law, given white phosphorus’s incendiary nature, which burns at extreme temperatures and causes horrific, life-altering injuries. The British manufacturer’s direct contribution to this arsenal links it to the crime of genocide and breaches of international humanitarian law.
Any time that white phosphorus is used in crowded civilian areas, it poses a high risk of excruciating burns and lifelong suffering.
Funded: £569M
gaza genocide
CONTROVERSIAL WEAPONS
General Dynamics, a cornerstone of the global arms industry, stands as a primary architect of destruction, arming conflicts worldwide, including the genocidal campaign in Gaza. The company is a key supplier of devastating weaponry to Israel, notably the MK-84 bombs—weapons of immense destructive power notoriously unleashed in densely populated areas. By November 2023, over 500 such bombs, courtesy of General Dynamics, had reportedly been dropped in Northern Gaza.
Beyond its direct role in current atrocities, General Dynamics distinguishes itself through involvement in three categories of controversial weapons. It holds licences for depleted uranium, primarily for its M1 Abrams tank systems, and produces components that can facilitate the deployment of abhorrent white phosphorus munitions. Furthermore, the company is a critical subcontractor on the Sentinel programme, contributing to the chilling modernisation of nuclear weapons.
Case study: Jabalya Refugee Camp Bombing
On 31 October 2023, Israeli forces dropped US-made MK-84 bombs—manufactured by General Dynamics—on the densely populated Jabalya refugee camp in northern Gaza. The strike obliterated residential buildings and left a scene of devastation, with more than 120 people killed, the majority women and children, and hundreds more wounded or missing beneath the rubble. The attack, which Israel claimed targeted a Hamas commander, was widely condemned and is cited as a potential war crime, highlighting the lethal consequences of exporting powerful munitions to conflict zones.
I was waiting in line to buy bread when suddenly and without any prior warning seven to eight missiles fell. There were seven to eight huge holes in the ground, full of killed people, body parts all over the place, it felt like the end of the world.
Funded: £453m
gaza genocide
controversial weapons
Honeywell International, a global conglomerate, is deeply entrenched in the machinery of conflict, contributing critical components to Israel’s military operations, particularly implicated in the ongoing genocide in Gaza. Its precision-guided munitions have been identified in devastating strikes, including the airstrike on the U.N.-run al-Sardi school on 6th June 2024, which brutally claimed the lives of at least 40 Palestinians, including 14 children.
Beyond its immediate complicity in the Gaza genocide, Honeywell is a linchpin of the US nuclear weapons programme. As the sole manufacturer of critical navigation systems for weapons like the Minuteman III nuclear missile, and a key subcontractor on the Sentinel programme, the company underpins the modernisation of these apocalyptic arsenals. Its subsidiary’s oversight of the Kansas City National Security Campus, responsible for 85% of non-nuclear components for US nuclear weapons, and its operation of the Nevada National Security Site, further highlight its profound connection to instruments of mass destruction.
Funded: £121m
gaza genocide
controversial weapons
L3Harris Technologies is deeply embedded in the global arms trade and plays a pivotal role in equipping Israel’s military with advanced, highly destructive technology. As the world’s ninth largest weapons manufacturer, L3Harris produces over 1,600 components for the F-35 fighter jet—Israel’s primary weapon in its relentless bombardment of Gaza, responsible for widespread civilian casualties and devastation. The company’s systems are also integral to Israel’s Sa’ar-class warships, which enforce the illegal naval blockade, strangling Gaza’s access to essential goods and humanitarian aid. L3Harris is a key supplier of guidance kits and bomb components used in the precision-guided munitions that have levelled entire neighbourhoods and targeted civilian infrastructure in Gaza.
Beyond conventional arms, L3Harris contributes to the US and UK’s nuclear weapons programmes, supplying components for the Trident II ballistic missiles and participating in the Sentinel nuclear missile modernisation through Northrop Grumman.
Funded: £221m
gaza genocide
controversial weapons
Rolls-Royce, the UK’s second-largest arms manufacturer, is deeply entwined with both Britain’s nuclear weapons programme and Israel’s machinery of war in Gaza. Through its German subsidiary MTU, Rolls-Royce supplies the engines powering Israel’s Merkava 4 and 5 tanks, Namer armoured personnel carriers, and Eitan armoured fighting vehicles—hardware extensively deployed during the 2023 ground invasion of Gaza, including in attacks on medical facilities such as Shifa Hospital. These engines are the most significant Merkava component made outside Israel, forming the backbone of armoured assaults that have killed thousands and devastated civilian infrastructure. Rolls-Royce also provides propulsion systems for 80% of the Israeli Navy’s patrol boats, which enforce the illegal and deadly blockade of Gaza.
On the nuclear front, Rolls-Royce holds contracts to supply reactor cores for the UK’s Trident missile submarines, directly supporting Britain’s weapons of mass destruction.
Funded: £381m
gaza genocide
controversial weapons
Lockheed Martin, the world’s largest arms manufacturer, stands as a linchpin of global military-industrial power, supplying Israel with some of its most advanced and lethal weapons. The company’s AGM-114 Hellfire missiles have been deployed in Gaza, including a November 2023 strike near Shifa Hospital that killed journalists and other civilians.
Beyond its role in conventional warfare, Lockheed Martin is central to the global nuclear arms race. The company is responsible for the design, production, and modernisation of nuclear delivery systems, notably the Minuteman III intercontinental ballistic missile, as well as subcontracting for the Sentinel modernisation programme and maintaining Trident II missiles for both the US and UK. Through these contracts, Lockheed Martin ensures the continued operation and lethality of nuclear arsenals that threaten global security.
Companies bankrolling MIGRANT ABUSE
Funded: £86m
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.”
Funded: £40m
migrant abuse
controversial weapons
Fluor is a holding company providing engineering and construction services, founded in California, 1912. It is one of the companies involved in the management of Pantex Plant, which is responsible for the building and maintenance of the nation’s nuclear weapons stockpile. It is a subcontractor in Los Alamos National Laboratory (LANL), from where nuclear bombs originated. As of late, LANL is increasing its productive capacity for plutonium to build more nuclear cores, which are necessary component in the development of nuclear weapons.
Fluor is also involved in migrant abuse cases. As a large military contractor, they recruit and transfer migrant workers from the Middle East and elsewhere. As noted by the Business and Human Rights Resource Centre, Filipino migrants were stranded in Dubai after logistical failures on the company’s behalf in 2011. In 2003, Fluor also faced a $1 billion claim against them for discrimination and repression towards former South African workers during apartheid.
Fluor was also involved in a lawsuit against them due to their alleged negligence around a suicide bombing which led to six deaths and 17 injuries in Afghanistan.
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.
Funded: £26m
migrant abuse
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.
38 construction workers from the Philippines filed a complaint against the U.S. companies Jacobs Solutions and CH2M Hill and their subsidiaries (collectively, “Defendants”) for allegedly managing construction projects that used trafficked and forced labor. The plaintiffs worked on stadiums built for the FIFA 2022 World Cup in Qatar, where they … allege they were trafficked and then forced to work…
Plaintiffs claim Defendants managed and oversaw a construction venture that subjected them to inhumane working and living conditions and abuse, including by misrepresenting the terms of their employment in Qatar, forcing Plaintiffs to work inhumane hours and forcing them to live in inhumane conditions, and/or underpaying them or denying them payment for their work. The Plaintiffs also allege Defendants confiscated their passports, trapping them in Qatar, and forcing them to continue to work in violation of the U.S. Trafficking Victims Protection Reauthorization Act.