DIVESTING FROM TERROR

By Michelle Malkin  •  August 16, 2004 09:57 AM

There’s a new movement, modeled on the South Africa divestment campaign, to put pressure on public companies that do business with terrorist-sponsoring states:

Throughout our history, Americans have risen to the challenge of defending our beloved country and our liberty. Following the 9/11 attacks, however, most Americans felt powerless. Powerless to respond to the tragic attacks in New York and Washington, DC. Powerless to express meaningfully their outrage. And powerless to help defeat terrorism.

What we did not realize — until now — was that each and every one of us actually can play a pivotal role in winning the War on Terror. How? By demanding that our public and private pensions plans, college endowments, individual retirement account managers, 401(k) plans, and other investment vehicles exploit the leverage represented by investments in publicly traded companies that operate in terrorist-sponsoring states. In a unified front, we should all be saying “This is my money and it will not go to support terror.”

DivestTerror.org is a nationwide campaign aimed at some 400 public companies worldwide that are providing revenues, technology and moral cover to governments that sponsor terrorism. The primary objective of this campaign is to starve terrorists of essential funding and technical support…

DivestTerror.org analyzed terror investments in the 50 states and found that America’s Top 100 pension systems invest between 15 and 23 percent of their portfolio in companies that do business in terrorist-sponsoring states. The group offers specific advice for firefighters, police officers, and other public employees, as well as for individual investors, who want to de-fund terror. Check it out.

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Posted in: Terrorist attacks

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