Actor Don Cheadle joined hundreds of students at the University of California in support of targeted Sudan divestment. In March, 2006, the University restricted holdings in nine "offending" companies.
Contact us at:
Info@SudanDivestment.Org
In partnership with
STAND
|
 |
| Name: | NEW MEXICO |
| Contact Name: | |
| Contact Email: | newmexico@sudandivestment.org |
| Website: | |
| Campaign Status: | Campaign Initiated |
| Campaign Description: | On November 9th, the New Mexico State Investment Council (SIC) decided to independently divest from the "Highest Offending Companies," as identified by the Sudan Divestment Task Force.
The SIC estimated that they have $45 million dollars in companies including: PetroChina, Sinopec, Lundin Petroleum, Weatherford Ltd., Wartsila, Alstom and Mitsui Engineering and Shipbuilding.
The New Mexico Education Retirement Board, controlling $9.4 billion in assets, also chose to divest based on the Sudan Divestment Task Force model in January 2008. Of the 22 companies targeted for
divestment, holdings in China Chemical
and Petroleum Corporation (Sinopec) will be liquidated while future investments in the remaining companies will be prohibited.
There is still a campaign to divest New Mexico as the Public Employee Retirement Association of New Mexico is yet to adopt the same policy. The SIC is the larger of the two funds with over $16 billion dollars in total assets. PERA oversees over $13 billion dollars in management.
Governor Bill Richardson has called on the New Mexico Public Employee Retirement
Association to join the New Mexico SIC and the New Mexico ERB in divesting. |
| Campaign Action Alerts: |
Click to sign-up |
| Take Action Today: | Call 1-800-GENOCIDE today to be connected to Governor Richardson and urge him to support targeted Sudan divestment in New Mexico!
|
News articles:
| Source |
Title |
Date |
Link |
| New Mexico Business Weekly |
State Investment Council Divesting From Darfur |
11/9/2007 |
link |
| Santa Fe Reporter |
Government Retirement Fund Linked to Darfur |
10/17/2007 |
link |
| Santa Fe Reporter |
Cleaned Conscience |
11/14/2007 |
link |
| Sante Fe Reporter |
Human Rights Botch |
2/20/2008 |
link |
| United States Congressional Leaders |
Letter to Governor Richardson Urging Sudan Divestment |
11/15/2006 |
link |
| United States Senatorial Leaders |
Letter to Governor Richardson Urging Sudan Divestment |
11/16/2006 |
link |
| Santa Fe Reporter |
Darfur Soon |
11/28/2007 |
link |
| Santa Fe Reporter |
Is NM Funding Schools With Darfur Dollars? |
10/31/2007 |
link |
| Santa Fe Reporter |
A Local Firm Could Be Profiting Off Sudan |
10/10/2007 |
link |
| Pensions & Investments |
New Mexico Boosts Hedge Fund Allocations (Divests) |
11/28/2007 |
link |
|
|
