Home | News    Thursday 13 December 2007

US Idaho’s governor says against Sudan divestment plan

separation
increase
decrease
separation
separation

December 12, 2007 (LEWISTON, Idaho) — Idaho’s public pension fund managers should keep investments in companies that do business in Sudan even though critics say the companies might be supporting genocide in the African country, Gov. C.L. "Butch" Otter says.

Otter explained his position in a letter sent Dec. 4 to University of Idaho sophomore Travis Thompson, president of the school’s Student Anti-Genocide Coalition, which wants the state to drop those investments.

The coalition contends the Sudanese government may be financing genocidal policies in western Sudan’s Darer region. President Bush has called the violence genocide, and U.S. sanctions on Sudan have kept out American companies since 1997.

Otter wrote that the Public Employee Retirement System of Idaho is not invested directly in the Sudanese government or Sudanese companies, but "does have some investments in foreign-based companies which may have some business interests in Sudan." However, he said that’s not sufficient reason to sell those investments.

"While divestment in these companies might send a symbolic message, it will not have a direct effect on the situation in Darfur," Otter wrote.

He noted that the pension plan offers a "Sudan Free fund ... available for those employees who wish to exercise their own moral convictions."

Otter sent two letters to Thompson. The first, on Oct. 10, took no position. The second, in December, explained Otter’s position.

Thompson shared the letters with the Lewiston Tribune.

In the fiscal year ended June 30, the PERSI’s assets rose 20 percent to $11.46 billion from $9.59 billion a year ago.

The fund has about $23 million invested in six companies that do business in Sudan. Those holdings represent about 0.2 percent of the fund’s total assets.

There are roughly 115,000 public employees and 700 employers covered by the $11.5 billion PERSI public pension fund.

(AP)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.


The following ads are provided by Google. SudanTribune has no authority on it.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Invisible female victims of armed militia attacks in Darfur 2021-01-08 15:19:56 By SIHA Network* On October 19th 2020, an armed group burned down the IDP camps of Oum Assal, Babanousa and Om Zegerat in Gerida locality. Gerida locality is composed of a number of villages (...)

Account Inventory for December Revolution in Sudan 2020-12-19 20:34:35 By Mahmoud A. Suleiman This article comes against the backdrop of Sudan's Third Revolution as some like to call it, two years later during which Much has been achieved but risks still remain, (...)

SPLM pinning tales of lies to cover up failures! 2020-12-17 20:03:56 by: Khor Dol Kai It should be very clear, by now, that no single progress will be made or ever made-whether in short or long run-to reverse the damages already done and the seeds of division (...)


MORE






Latest Press Releases


Sudan: Performing arts is not a crime, assaulting women and artists is! 2020-09-20 08:54:28 The Strategic Initiative for Women in the Horn of Africa (SIHA) Sudan is still struggling with militant Islamist ideology KHARTOUM: Central Khartoum Primary Court issued a verdict against five (...)

Civil Society Statement in Response to The Law of Various Amendments 2020-08-14 07:11:00 A Collaborative Civil Society Statement in Response to The Law of Various Amendments (Abolishing and Amending Provisions Restricting Freedom) – Exposing ‘a wolf in sheep’s clothing’ Sudanese women (...)

Remarks by SRF leaders at the Friend of Sudan meeting on peace 2020-08-13 07:58:58 Chairman of the Friends of Sudan Conference, Your Excellency, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, The Prime Minister of Sudan and the participating team from the (...)


MORE

Copyright © 2003-2021 SudanTribune - All rights reserved.