Divesting from Sudan

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Major unions are continuing to divest pensions from the Sudan in an effort to pressure the Sudanese government to halt the current campaign of slaughter, rape, starvation and displacement in Darfur.

Calpers, the nation’s second-largest public pension fund, is the latest organization to begin unloading investments in the region. The board unanimously decided that none of the fund’s $141 billion in assets will be distributed to stock holdings in foreign firms that profit from the oil rich Sudan. Their strategy for divestment will be modeled after that proposed by the University of California, which on March 16 unanimously approved a plan to get rid of both their direct and indirect holdings.

Several states and universities are withdrawing their investments in an effort to send a strong message to Sudan. Institutions vary widely on the type of companies they are targeting and the type of investments to be divested. The best way to distinguish between the various approaches is by reading the Sudan Divestment Taskforce’s, State of Divestment Report.

New Jersey, Illinois and Oregon have already approved divestment plans, and there is pending divestment legislation in Massachusetts, Ohio, New York, North Carolina, Indiana, Texas and Vermont. In addition to the UC system, Stanford, Yale, Harvard, Dartmouth, Amherst, Brown, Brandeis, Columbia and Emory are all currently shedding financial ties to the region. Currently, there isn’t a comprehensive list of foreign corporations operating in the Sudan. However, the “dirty dozen” are listed here.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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