The Nobel Foundation said Friday its prizes will no longer be funded with investments from nuclear arms producers, just weeks after awarding the peace prize to a nuclear weapons disarmament campaign group.
The private institution, based in Stockholm, is responsible for managing the fund left by the prizes’ founder, Alfred Nobel, a Swedish scientist who invented dynamite.
The cash award given to Nobel laureates comes from this fund, which according to Norwegian environmental organisation Framtiden i Vaare Hender (The Future in Our Hands) is financed with investments in funds from companies that manufacture nuclear weapons.
This means that part of the cash award — which this year was SEK nine million ($1.1 million; 925,000 euros) per category — came from companies such as “Airbus, Boeing, Safran …