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Portland city council votes to divest from companies doing business with Israel

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Maine's biggest city approved a resolution to divest in companies involved in weapons sales in Israel. Portland's finance director said the city will comply, but that general fund does not directly hold any of the investments listed in the resolution.

A rally in Portland earlier this year called for a ceasefire in the war between Israel and Hamas. Wednesday night calling for the city to divest from companies involved in weapons sales and other business in Israel, in response to the war in Gaza.

One Portland resident, who introduced herself as Soraya, said as a Palestinian-American, she sees the measure as a way to express solidarity with the Palestinian people. Others, including Julie Krasne, spoke in opposition to the resolution, arguing it was not a matter for the city to take a position on.

The city's finance director, Brendan O'Connell, said the city will comply with the resolution. But he added that"no divestment is expected to occur. Our investments and investment strategy will not be impacted. We do not directly hold any of the investments per the resolution's 'at minimum divestment list' in our general fund."

 

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