Cluster munitions are dropped from aircraft or fired from the ground or sea, opening up in mid-air to release tens or hundreds of submunitions, which can saturate an area up to the size of several football fields. Anybody within the strike area of the cluster munition, be they military or civilian, is very likely to be killed or seriously injured. The horror, the shame.
The fuze of each submunition is generally activated as it falls so that it will explode above or on the ground. But often large numbers of the submunitions fail to work as designed, and instead land on the ground without exploding, where they remain as very dangerous duds.
A cobalt bomb is a theoretical type of “salted bomb”: a nuclear weapon designed to produce enhanced amounts of radioactive fallout, intended to contaminate a large area with radioactive material. The concept of a cobalt bomb was originally described in a radio program by physicist Leó Szilárd on February 26, 1950. His intent was not to propose that such a weapon be built, but to show that nuclear weapon technology would soon reach the point where it could end human life on Earth, a doomsday device.
139 financial institutions worldwide are investing over US$24 billion in companies producing cluster munitions: investment in the producers of this deadly weapon by banks, pension funds and other financial institutions around the world. Cluster munitions have recently been used against civilians in Syria. These weapons have killed and injured thousands of people for decades, which is why the majority of the world’s nations have banned them. Syria has not joined the 2008 Convention on Cluster Munitions. Syria’s use of cluster munitions should be a wake-up call for governments and financial institutions of the severe and real consequences of this indiscriminate weapon. Financial institutions have invested in cluster munition producers since June 2010. The majority of these investments come from financial institutions in states that have not yet joined the Convention on Cluster Munitions. The ‘Hall of Shame’ includes 22 financial institutions from 6 countries that are part of the 2008 Convention on Cluster Munitions: Canada, France, Germany, Japan, Switzerland and the United Kingdom.
