Palestine Action target JP Morgan in Edinburgh over Elbit investment

Overnight, a group from Palestine Action Scotland targeted JP Morgan’s offices at 3 Lochside View, Edinburgh. Activists shattered the windows and sprayed red paint across the premises, symbolising the investment bank’s complicity in Palestinian bloodshed.

JP Morgan are significant investors in Israel’s biggest weapons firm, Elbit Systems — a company which is the primary target of Palestine Action’s direct action campaign. Elbit manufactures 85% of Israel’s military drone fleet and land based equipment, as well as munitions, bullets, and missiles. Bezhalel Machlis, CEO of the Israeli weapons maker, publicly states the company has “ramped up production” to arm the ongoing Gaza genocide.

BREAKING: Actionists targeted JP Morgan’s offices in Edinburgh, Scotland.

In the past two weeks, the investment bank has been targeted in Italy, Portugal and Manchester.

Whilst the bank invests in Israel’s biggest weapons producer, Elbit Systems, actions will likely continue! pic.twitter.com/S6iqxGLzBg

— Palestine Action (@Pal_action) June 26, 2024

This action comes just two days after another group targeted JP Morgan’s offices in Manchester, England and two weeks after the bank was targeted in Portugal and Italy. Last month, JP Morgan Chase reduced their stake in Elbit Systems shares by 70%. However, their remaining investment is still significant and is currently valued at approximately $16million. Palestine Action vows to continue actions until the bank fully divests from Elbit.

A Palestine Action spokesperson says “Our actions cause economic disruption to those who make a killing out of genocide. By doing so, we make deadly dealings a less attractive investment for banks who only value profit. All investors must understand investing in Elbit comes with the additional cost of Palestine Action.”