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Europe’s financial sector ‘directly funding’ firms complicit in Gaza genocide: Report

Press TV – November 26, 2025

A new report published by a coalition of 24 European and Palestinian organizations and trade unions has exposed financial relationships between top European institutions and 104 companies complicit in Israel’s genocidal war on the besieged Gaza Strip.

Under the title of “The Private Actors behind the Economy of Occupation and Genocide,” the report by the Don’t Buy Into Occupation Coalition (DBIO) lists 104 global companies that are active in one or more of the identified complicity categories in the Gaza war.

The list includes companies involved in the military-security sector, technology, resource extraction, construction and demolition, financial services, and other enterprises that sustain Israel’s unlawful presence in the occupied Palestinian territory, including East al-Quds.

Among them, the report includes priority BDS divestment targets such as major weapons manufacturers and tech companies that played a crucial role in providing Israel with key military components and technology to carry out its ongoing genocide against Palestinians in Gaza.

Among these 104 companies are numerous BDS campaign targets, including but not limited to Airbnb, Amazon, AXA, Booking.com, CAF, Carrefour, Chevron, Lockheed Martin, BAE Systems, Caterpillar, CISCO, Coca-Cola, DELL, Expedia, Google, HPE, Intel, Microsoft, and RE/MAX.

The report showed that 1,115 European financial institutions (including banks, asset managers, insurance companies, pension funds, and the European Investment Bank) have massive financial relationships with such complicit businesses.

Among the top creditor banks financing the Israeli genocide are BNP Paribas, Deutsche Bank and Barclays.

According to the report, European financial institutions provided over $310 billion in the form of loans and underwritings to these companies between January 2023 and August 2025. European investors also held over $1.5 trillion in shares and bonds in these businesses as of August 31, 2025.

“This report leaves no doubt, European financial institutions and investors have been funding dozens of corporations that are directly enabling Israel’s illegal occupation, apartheid and genocide against Indigenous Palestinians,” DBIO said.

“Without this, Israel wouldn’t be able to sustain its regime of oppression. These European institutions are in breach of both their international human rights responsibilities and their legal obligation to respect international law.”

Palestinian resistance movement Hamas and Israel agreed last month to a US-brokered Gaza ceasefire, aimed at ending the latter’s two-year-long genocidal war against Palestinians in the besieged territory.

The truce took effect on October 10, but Israel has continued to violate it by carrying out airstrikes, incursions, shootings, and arrests.

The deal marks the first phase of US President Donald Trump’s 20-point Gaza ceasefire plan, with further stages to be negotiated at a later date.

Israel has killed at least 69,000 Palestinians since it waged the US-backed genocide in Gaza on October 7, 2023.

Palestinian children have borne the brunt of Israel’s bombardment of Gaza. UNICEF estimated last month that at least 64,000 children have been killed or injured in Israeli attacks since October 2023.

November 26, 2025 Posted by | Ethnic Cleansing, Racism, Zionism, Solidarity and Activism, War Crimes | , , , , , , , , , , , , , | Leave a comment

CNOOC, Chevron sign production sharing contracts

Xinhua | 2013-01-17

BEIJING – China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts with Chevron China Energy Company for two blocks in the South China Sea, a statement said.

CNOOC Limited, a subsidiary of CNOOC — the country’s largest offshore oil and gas producer, said in the online statement late Wednesday that the two blocks, Block 15/10 and Block 15/28, are located in the Pearl River Mouth Basin in the east part of the South China Sea.

According to the terms of the contracts, Chevron will conduct 3D seismic data surveys in the two blocks during the exploration period, in which all expenditures incurred will be borne by Chevron.

CNOOC is allowed to take up to 51 percent of interest in any commercial discoveries in the blocks, the statement said.

“We are very pleased to become a partner with Chevron again and hope this project achieves commercial discoveries soon to create economic returns for both companies,” said Zhu Weilin, executive vice president of CNOOC Limited.

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January 17, 2013 Posted by | Economics, Malthusian Ideology, Phony Scarcity | , , , , | Leave a comment