Recent News
University of California voted to divest form companies doing business with Sudan
Thursday, March 16th, 2006March 16, 2006
Today, the Regents of the University of California voted to divest from a number of companies doing business with the genocidal National Islamic Front regime in Khartoum. Only once previously has the University divested from companies because of their business actions abroad, this during apartheid-era South Africa. The University of California decision marks the first divestment by a public institution of higher learning, and thus is of particular importance. The University of California endowment totals approximately $67 billion; moreover, the University system serves as a standard and bellwether for the country.
In divesting, the University of California joined a number of other US institutions of higher learning that have divested in various forms, including:
Harvard University
Yale University
Stanford University
Brown University
Amherst College
Dartmouth College
A great many other colleges and universities are actively considering divestment, and a number of decisions are expected this spring.
Further, a number of state legislatures have passed binding divestment legislation, obliging divestment from all companies doing “business as usual” with the genocidaires in Khartoum: these include Illinois, New Jersey, and Oregon. State legislation is pending in a dozen other states (the Maine Senate, for example, passed divestment legislation today, March 16, 2006).
This campaign will continue until genocide ends in Darfur.
For more information on the University of California decision, see:
www.international.ucla.edu/africa
Eric Reeves
Smith College
Northampton, MA 01063
413-585-3326
ereeves@smith.edu
www.sudanreeves.org
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