Friday, June 30, 2006

Your Savings and Tax Dollars Are Funding Genocide in the Sudan

Your tax dollars go to support city, state and university pensions, which invest them money in foreign companies — many of which operate in Sudan. The worst of these companies provide no benefit to Sudanese civilians, merely extracting resources and paying off the genocidal government in Khartoum. This is the primary source of funding for the genocide in Darfur.

While no US companies are directly doing business in Sudan, many multinational companies are--some with minority investment from US companies. While many of these companies are helping Sudan’s citizens, a small subset are providing substantial revenue and cover to the government of Sudan’s campaign of genocide.

The most effective way to fight this support is the Sudan divestment movement. Already a half dozen states have approved divestment from Sudan. Twenty other states have divestment legislation pending. There is an active divesment campaign targeting TIAA-CREF, the nation's largest pension fund manager.

Multinational Corporations are drawn to Sudan because of the oil there. Only a concerted public effort will force them out.


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