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April 11, 2006
Rhode Island to consider divesting from Sudan
Rhode Island should stop investing in companies that do business in Sudan, two Providence legislators are urging their colleagues.
As genocide continues in Sudan’s Darfur region, Sen. Rhoda E. Perry and Rep. Joseph S. Almeida, both Providence Democrats, have sponsored legislation that would require the state to divest from Sudan.
The legislation follows similar action by Brown University and the city of Providence.
The university’s governing board voted unanimously in February to stop investing in companies whose business activities support genocide in the Darfur region. The Providence City Council last week approved an ordinance to divest any city investments in Sudan. The ordinance bans the city from investing in any companies that do business with the Sudanese government.
At the state level, Perry and Almeida said in a statement that they don’t know how much, if any, of Rhode Island’s investments – mainly its retirement pension funds – are invested in companies that do business in Sudan. The legislation would require the state’s financial managers to find out.
Posted by Kate Bramson
at 2:57 PM | Permalink
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