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Page 2 - Axa pulls insurance assets from cluster bomb makers
from its investment portfolio for producing cluster bombs. It has also ordered a regular quarterly review of investments to examine links with the production of armaments including cluster bombs and landmines.
Organisations including the Red Cross, the Cluster Munition Coalition and the United Nations, have attacked cluster bomb production because of the high proportion of civilians they kill in conflict zones.
Non governmental organisations argue that the failure to discriminate between civilians and combatants in war zones is a violation of international humanitarian law and
that cluster bombs should be banned via international convention such as the Ottawa Convention on anti-personnel landmines that came into force in 1999.
The Oslo Process, launched in February 2007, was the start of government discussions to this end. Difficulties related to the technical definition of cluster bombs were raised at the second conference, which ended in May 2007. Governments that took part in the conferences promised to devise a treaty to prohibit cluster bombs “that cause unacceptable harm to civilians” before the end of 2008.
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