Alameda County Divests from Companies Profiteering from Israeli Apartheid

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BDS,Divestment,Israel

Organizers and workers in Alameda County, California, secured a major victory for the BDS movement, pressuring the Board of Supervisors to develop an ethical investment policy that could divest tens of millions of dollars from companies profiting from Israel's occupation and apartheid.

A Palestinian waves a Palestinian flag towards a bulldozer during an Israeli raid in the centre of Jenin, in the occupied West Bank, Palestine, on September 2, 2024.

Organizers and workers from across Alameda County, California, scored a major victory for the BDS movement on December 10th, successfully pressuring the Board of Supervisors to vote to develop an ethical investment policy that, when implemented, could move tens of millions of dollars in investments out of companies profiting off of Israel’s genocide and system of apartheid. The County Treasurer, who is an independent elected official, also announced that he had already dropped $12 million in bonds in Caterpillar (CAT), which directly profits from Israeli apartheid and the ongoing genocide, after sustained organizing from county residents and organizations requesting him to do so. He further pledged to dump the county’s remaining CAT bond, worth $20 million. This vote comes after months of grassroots organizing and pressure, including from many organizers with Bay Area Divest! (BAD!) and the East Bay Democratic Socialists of America’s (EBDSA) “Divest from Apartheid” campaign. “Organizing local governments to divest from Israeli apartheid and genocide is our chapter’s top priority,” said Zach Weinstein, co-chair of EBDSA. “It’s been incredible to see the combined power of organized workers, faith communities, racial justice organizations, Palestinian and Arab-led groups, and Jewish anti-zionists to win this major victory for the Palestine solidarity movement in the US, even as state repression of that movement continues to escalate.” Thousands of Alameda County residents signed petitions, made phone calls, and sent emails to their County supervisors calling on them to divest from companies like Caterpillar. In November, well over one hundred people came out in person to pack the Board of Supervisors’ hearing room in support of divestmen

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