Colorado pension fund plans to drop Ben and Jerry’s investment over stance on Israeli occupation

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Colorado's pension fund on Friday initiated divorce proceedings from the ice cream company Ben and Jerry's.

2016 state law that declared loyalty to Israel

The law applies only to international companies, and only when those companies have displayed explicit political motivations related to business with Israel.“We believe it is inconsistent with our values for Ben & Jerry’s ice cream to be sold in the Occupied Palestinian Territory ,” the statement read, adding, “We’re a values-led company with a long history of advocating for human rights, and economic and social justice.

“Long story short, Ben and Jerry’s has made comments that are politically motivated, for leaving Israel,” Amy McGarrity, chief investment officer for PERA, told the board ahead of the vote. “What that means is there’s a moratorium … on purchasing Unilever throughout our direct holdings.”Now that the board has voted, McGarrity said, “We will engage with the company for the next 180 days, and if we still continue to believe they are subject to divestment, then we will divest within 12 months.

 

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The state of Colorado has a law that says it has to be loyal to the country of Israel? This is unbelievable. Colorado's pension fund will stop doing business with an American company just because it stands for fair treatment of everyone, and Israel does not? This is un-American.

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