Urge Senate to act on Sudan divestment authorization
Over the last two years, a number of states have chosen to
divest their financial holdings from companies that help fund
genocide. Unfortunately, the National Foreign Trade Council
successfully challenged Illinois' state divestment law in court,
and there may be threats to other state laws.
The Sudan Divestment Authorization Act, S. 831, would protect
other states from similar lawsuits by making it clear that state
divestment is perfectly in line with U.S. foreign policy. The
bill, introduced by Sen. Richard Durbin (D-Ill.) currently has
bipartisan support but is stuck in the Senate Banking Committee.
Take action now!
Send an immediate message to your Senator by e-mail or fax
through our Legislative
Action Center. In addition, call their Washington
offices. UUSC has established a special toll-free number,
800-862-5530, that you may use to respond to this alert.
This number will connect you directly to the Capitol switchboard
where you can ask for the offices of your senators.
Message/talking points
I am deeply concerned that there is a genocide
happening on our watch in Darfur, Sudan.
I urge you to push for swift action on S. 831, the
Sudan Divestment Authorization Act.
No state should be obligated to invest its
citizens' retirement funds in genocide. The U.S.
government currently bars American companies from conducting
business operations in Sudan, and we must protect the right of
states to divest their pension holdings from companies that do
business with the Sudanese government.
Background
The House of Representatives passed H.R. 180, the very similar
Darfur Accountability and Divestment Authorization Act by an
overwhelming margin just before the summer recess. Grassroots
pressure is needed to get the bill moving in the Senate. Delay
in its passage will delay vital economic pressure to help end
the genocide.
Since 2003, Darfur in Western Sudan has been embroiled in a
deadly conflict. The Darfur genocide has been called the world’s
greatest humanitarian crisis. More than 300,000 innocent
civilians have been killed, millions have been forced to flee
their homes. The people of Darfur are depending on the world to
bring them the peace and security that they have been denied for
more than four years. The United Nations has authorized a
peacekeeping force, but Sudan is delaying its deployment.
Why Divest?
Sudan has historically responded to economic pressure. For
instance, in the late 1990s, a divestment campaign had a
significant impact on the share price of major oil companies
operating in Sudan, prompting at least one company to withdraw
from the country. This helped contribute to the North-South
Peace Agreement.
U.S. law prohibits most American companies from operating
directly in Sudan. However, U.S. firms are legally able to
invest in foreign companies that operate in Sudan, including
“highest offenders” that make a significant contribution to
funding the genocide.
Many U.S. state pension funds, universities, and investment
companies, including Boston-based Fidelity Investments, invest
in the highest offending companies—such as PetroChina, Sinopec,
ONGC, and Petronas. Divestment sends the message “Don’t invest
in genocide” and it puts financial pressure on the government of
Sudan to end the genocide.
Why S. 831?
Congress needs to pass substantive legislation to support
states' rights to divest. Over the last two years, a number of
states have chosen to divest their financial holdings from
companies that help fund the genocide. Unfortunately, the
National Foreign Trade Council successfully challenged Illinois'
state divestment law in court, and there may be threats to other
state laws.
Our thanks to coalition partner organization
Genocide
Intervention Network for providing much of the material used
in this report.
Posted September 11, 2007
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