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HSBC's Divestment from Elbit Is on the Wrong Side of History

(Jerusalem Post) Editorial - London-based HSBC, Europe's largest bank and the 7th largest financial institution in the world, announced it would divest from Elbit Systems, an Israeli defense contractor engaged in the production of advanced drones. The UK-based Palestinian Solidarity Campaign said on Dec. 27 that HSBC decided to liquidate its holdings due to public pressure orchestrated by the BDS movement, following a year-long campaign that included regular demonstrations in front of the bank's 40 branches in Britain and emails from 24,000 people. The PSC said that "HSBC confirmed to campaigners that it has fully divested from Israeli drone manufacturer Elbit Systems, which sells weapons to the Israeli military used in attacks on Palestinians." According to PSC, Elbit has also provided equipment for the construction of Israel's security barrier. So HSBC has decided to divest from Elbit because its technology is used in IDF drone surveillance of Palestinian terrorists who launch attacks against Israel and was used in the building of the security fence that prevents terrorists from attacking Israelis. HSBC, if this is your final decision, you will go down on the wrong side of history. Do you understand that Israel is using Elbit technology to protect itself against Palestinian terror, and not to undermine the rights of the Palestinian people?
2019-01-02 00:00:00
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