BDS Fallout: Arizona divests from Ben and Jerry’s
Arizona Treasurer Kimberly Yee announced today that the state will divest all public funds from Ben & Jerry’s for violating Arizona law by boycotting Israel.
A press release from her office explained that “Arizona law states that public state entities may not invest moneys with an entity that boycotts Israel. On August 3, 2021, the Arizona Treasurer’s Office informed Unilever PLC that it was actively boycotting Israel due to the actions of Ben & Jerry’s, a subsidiary of Unilever, announcing that it will withdraw sales from Israel. These actions would be in direct violation of Arizona statutes.”
The State of Arizona’s investments in Unilever have been reduced from $143 million as of June 30, 2021, to $50 million today and will be zero by September 21, 2021, after the last investment in Unilever matures.
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