Thursday, May 21, 2015
Pension funds ordered to divest companies that support boycott of Israel
‘Five US public sector pension funds are to divest from companies that boycott investment in Israel after a state government passed new legislation forcing the move.
The US state of Illinois saw its House of Representatives and Senate both unanimously pass legislation requiring five state-funded pension schemes to identify all companies that boycott Israel and divest their direct and indirect holdings.
The term ‘boycott’ is defined as any company that engages in actions that are politically motivated or intended to penalise or inflict economic harm on Israel or companies based within it.’
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