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Hey HEAT members:
I was going to leave you alone over spring break but today I received some great news- Arizona Divested!!!! Gov. Napolitano signed House Bill 2705, targeted Sudan divestment, into law. This is the first bill that the governor has signed into law in the 2008 legislative session. Arizona is 24th state to divest, and the first state to pass a prohibition on state contracts with companies operating in Sudan.
House Bill 2705 is a law that will divest pension funds from those targeted corporations that materially assist the Sudanese government in carrying out the genocide in Darfur. The bill targets foreign companies involved in mineral extraction, weapon sales, and the oil industry. In addition, the legislation prohibits companies operating in Sudan's military, oil, mineral extraction and power sectors from receiving Arizona state contracts. (Source- Genocide Intervention Network)
Some of you are aware that we have started working with CGCC to divest the school's funds. I'll send you an update on that next time I receive new info.
In peace, Beth Anne
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