New York Fund Divests $111 Million After Ben & Jerry’s Boycott in Israel

New York State pension fund revealed Thursday that it’d be pulling out $111 million in equity investments from Unilever, the conglomerate parent of Ben & Jerry’s following the ice cream maker’s decision to boycott sales in certain regions of Israel. “Our review of the activities of the company, and its subsidiary Ben & Jerry’s, found they engaged in BDS activities,” Thomas DiNapoli, the manager of New York’s $268 billion retirement fund, said in a statement to the New York Post. Boycott, Divestment, Sanctions (BDS) is a Palestinian-led movement that claims Israeli settlements in the West Bank are illegal under international law. Supporters of Israel have termed the movement as anti-Semitic and a politically-motivated strategic threat. According to Ben & Jerry’s, if they remain, it will be “inconsistent with our values for our product to be present within an internationally recognized illegal occupation.” The company will remain in the country “through …

Categorized as archaive

By Kelly Sanchez

All you guys are warned: Be aware of Granma!

Leave a Reply