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Wednesday, November 15, 2006

Call for selling stock of companies working in Sudan

U.S. Congress Representatives Frank Wolf (R-VA), Donald Payne (D-NJ), and Jim Moran (D-VA) today called for states to divest public funds from companies doing business in Sudan. To date, six states have enacted divestment legislation. Their bi-partisan statement urges the remaining 44 U.S. states to also divest to create economic pressure on the Sudanese Government.


Divestment, widely debated as an effective pressure tactic, involves selling shares of a company's stock in hopes that the overall value of the stock will decrease. Divestment was a popular pressure strategy in attempts to end violence in Israel and apartheid in South Africa.



by Katy Gabel, Washington, D.C., as posted on allafria.com

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