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Texas takes steps to divest from Ben & Jerry’s following settlement boycott

14 44 64
24.09.2021

Texas on Thursday officially added Ben & Jerry’s and its parent company Unilever to a list of companies that boycott Israel over the former’s decision to cease the sale of its products in West Bank settlements, a further step on the path to the state divesting some $100 million from the companies.

“Effective today, the Comptroller’s office has added Ben & Jerry’s and its parent company, Unilever, to the Texas list of companies that boycott Israel,” Texas’s comptroller Glenn Hegar’s office said in a statement.

“This action was undertaken pursuant to Texas Government Code Chapter 808, which defines ‘boycott Israel’ as ‘refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on or limit commercial relations specifically with Israel or with a person or entity doing business in Israel or in an Israeli-controlled territory,” the statement adds.

The move commences a process that will likely end with the pulling of $100 million in state pension funds invested in Unilever. Once a firm is added to the state’s list of Israel boycotters and is notified of such, it has 90 days to change course before the divestment kicks in.

It was not immediately clear if Texas had officially notified Unilever of........

© The Times of Israel


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