HEADQUARTERS
London, United Kingdom
publicly traded
YES
total assets
£1.837 trillion
5th largest in Europe by assets
subsidiaries
Cater Allen Ltd
operations
Europe, the Americas and Asia
largest shareholders
None over 1.5% found
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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£38,620,940,000
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£1,630,363,000
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£10,564,800,000
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£3,981,600,000
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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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PALESTINE OCCUPATION
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BOEING
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£913m
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BP
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£942m
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ENI
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£899m
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EQUINOR
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£445m
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GLENCORE
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£271m
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HONEYWELL
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£666m
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LEONARDO
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£137m
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PERATON
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£227m
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ROLLS-ROYCE
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£581m
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SAFRAN
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£643m
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THALES
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£175m
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TOTAL
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£959m
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IBM
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£2.2bn
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CATERPILLAR
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£584m
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SIEMENS
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£356m
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Fossil fuel companies bankrolling the climate crisis
Funded: £942M
Climate Crisis
gaza genocide
BP, one of the world’s largest energy corporations, is a symbol of ruthless greed and imperial exploitation. Born as the Anglo-Persian Oil Company in 1909, it was the engine of British imperialism, securing control over Iranian oil through corruption and coercion while the Iranian people were left impoverished and dispossessed.
BP’s legacy is stained with environmental catastrophe and human suffering. The 2010 Deepwater Horizon disaster unleashed nearly five million barrels of oil into the Gulf of Mexico, killing untold marine life and devastating ecosystems, all while BP cynically promoted its “Beyond Petroleum” greenwashing campaign.
Now, BP is complicit in genocide, supplying oil that fuels Israel’s brutal war machine against Palestinians. Weeks into the genocide, BP accepted an Israeli gas exploration license, proving yet again its callous disregard for oppressed communities.
Funded: £271m
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: £959m
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: £899m
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.
Funded: £445m
Climate Crisis
gaza genocide
Equinor, Norway’s state-owned oil giant and largest operator on its continental shelf, cynically promotes itself as sustainable while aggressively expanding fossil fuel extraction. The company has been exposed for misleading claims about the effectiveness of its carbon capture technology. Additionally, the UK Advertising Regulator banned its greenwashing ads for misrepresenting the share of renewables in its energy mix. Its net-zero pledge rings hollow as it launches new Arctic drilling at Johan Castberg and pursues the ecologically catastrophic Wisting field, while conducting risky deep-sea exploration in Argentina’s vulnerable waters and ignoring indigenous impacts in Canada’s Bay DuNord project.
Equinor’s partnership with Ithaca energy on the Rosebank field has drawn criticism due to Ithaca’s majority owner Delek group being listed on a UN database of companies operating in Israel’s West Bank settlements, considered illegal under international law. Delek group has come under further scrutiny of late due to its links to the Israeli military, with the company being accused of providing fuel for genocidal operations in Gaza. This partnership with Ithaca makes Equinor not only complicit in the destruction of the planet, but also the genocide of Palestinians.
Case Study – Carbon Bomb – Rosebank
Rosebank will exacerbate climate-related catastrophes, because it represents an expansion of the fossil fuel industry. It’s the largest undeveloped oil and gas field in the North Sea, estimated to contain approximately 500 million barrels of oil equivalent according to Rystad Energy data. Its emissions would be more than the combined emissions of all low income countries in the world. In 2021, the International Energy Agency stated there is “no need for investment in new fossil fuel supply in our net zero pathway”. Developing a massive new field like Rosebank is clearly incompatible with limiting the global temperature rise to 1.5C.Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £913m
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: £137M
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.
Funded: £666m
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: £581m
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.
Companies bankrolling THE OCCUPATION OF PALESTINE
Funded: £1.2BN
PALESTINE OCCUPATION
IBM is a publicly traded multinational technology corporation based in the U.S. and one of the world’s largest software, IT infrastructure, and consulting companies. Since 2019 key IBM has designed and operated the Eitan System of the Israeli Population, Immigration and Border Authority, which replaces the previous Aviv system managed by HPE and DXC Technologies. The Registry includes data on all Palestinians with Israeli citizenship, occupied East Jerusalem non-citizen residents, and Palestinians in the West Bank and Gaza. The Eitan system also documents the crossings under Israeli control, including the Allenby Bridge Crossing, the only entry and exit point for Palestinians residing in the West Bank via Jordan; and the Erez checkpoint with Gaza.
Norwegian asset manager Storebrand Group decided in the first quarter of 2024 to put IBM on its exclusion list, arguing that “[t]he database and the ID system it powers normalize the situation of citizens of Israel in illegal settlements and is the backbone of the regime of segregation implemented by Israel, which discriminates against Palestinians and hinders their movement. Therefore, the database facilitates the fragmentation of Palestinian society; determines the legal jurisdiction that Palestinians fall under (civilian vs. military law); and restricts their participation in the political system (who can vote and be elected), where they can live, work, and travel, and their access to government services. The Special Rapporteur for the Occupied Palestinian Territory has categorised this regime as a state of apartheid, which is classified as a crime against humanity.”.
IBM’s remaining contract for the maintenance of the Aviv and Eitan systems had a value of EUR 96 million) as of December 31, 2023, and is expected to end in 2035. IBM Israel and its subsidiary Red Hat Israel also provide various IT services to the Israeli military.
Funded: £584m
gaza genocide
PALESTINE OCCUPATION
Caterpillar Inc. is a U.S.-based multinational manufacturer and provider of civil and military engineering machinery. Caterpillar is the world’s largest manufacturer of construction and mining equipment. The company operates in three sectors: resource industries, construction industries and power systems.
Caterpillar is a long-standing supplier of the Israeli military and provides it with a variety of heavy engineering machinery, including different wheel loaders, armored excavators, mini loaders and several models from the D9 armored bulldozer series (D9R, D9N, D9L and D9T).
Caterpillar machinery has been widely used for house demolition and settlement construction in the occupied Palestinian territory, as well as for the construction of the Separation Wall in the occupied West Bank and the barrier surrounding besieged Gaza. Fitted D9 Caterpillar bulldozers are extensively used by the Israeli military to accompany military forces during invasions and military arrests in the occupied West Bank and Gaza.
D9 Caterpillar bulldozers have demolished thousands of homes in Gaza since the latest conflict started in 2023. They have caused massive damage and made large parts of Gaza uninhabitable.
Funded: £356m
PALESTINE OCCUPATION
Siemens is a publicly traded German multinational technology company. It sells products to the manufacturing, infrastructure and transport sectors. It has sold these products to the Israeli state-owned companies and its products have been used in occupied territories.
Case Study – Siemens train cars used in the A1 route
In 2018, Siemens won a tender from the Israeli state-owned railway company, Israel Railways, for the supply of 330 electric cars in the amount of approximately NIS 4 billion, as part of the Israel Railways electrification project, which includes the Tel Aviv Jerusalem Fast Train (A1).
The tender included the provision of wagons in the amount of NIS 3.2 billion, the establishment of the maintenance facility for the wagons in the amount of NIS 230 million and maintenance services in the amount of approximately NIS 400 million. The tender included the purchase of 60 sets of electric cars, which make up about 330 cars, which contain about 33,000 seats. In addition, Siemens will build a maintenance facility for the electric cars for the company and provide maintenance services.
In December 2021, the Siemens train cars came into use in the A1 train route. The A1 train route crosses the Green Line into the occupied West Bank in two areas, using occupied Palestinian land, some of it privately owned, for an Israeli transportation project aimed exclusively for Israelis. In December 2021, the Siemens train cars came into use in the A1 train route. For more on the A1 train see Who Profits report: Crossing the Line: The Tel Aviv Jerusalem Fast Train (A1).