MOVING MONEY - Maine set to divest from Sudan

LD 1758, the bill which would require Maine's retirement system to give up its holdings in war-torn Sudan, is well on its way to becoming a law. The bill passed both the House and Senate earlier this week and is awaiting enactment and a signature from the governor, who has already pledged his support. The east African country Sudan has been crippled by a twenty year civil war and three years of genocide in the Darfur region. In Darfur, where much of the violence has lately been focused, some 200,000 people have been killed and up to 2 million people have had to flee their homes, according to a report in the New York Times.

The Maine State Retirement System has invested about $50 million in businesses located in Sudan or with close ties to Sudan, according to Strimling. The bill requires the state to reinvest those funds elsewhere, a move which is designed to put financial pressure on the Sudanese goverment to stop the violence.

| More

 Friends' Activity   Popular 
All Blogs
Follow the Phoenix
  • newsletter
  • twitter
  • facebook
  • youtube
  • rss
Latest Comments
Search Blogs
Strange Maine - winner, The Best Blog, Portland Phoenix, 2008
Black Bird Legal Collective - A Portland-based legal-activist group
DowneastBlog - You tell us what they think
Local Foodie - Portland-based local-foods blog
Media Nation - A media-watch column by journalism professor and Phoenix contributor Dan Kennedy
Organizing Notes - Comments from Maine peace-and-justice activist Bruce Gagnon
Portland Greens - Updates from Portland's Green Party
Portland on Wikipedia - See what the crowdsourcing crowd is saying
Where There's Wil, There's Always A Way - winner, The Best Blog, Portland Phoenix, 2007
Portland Museum of Art blog -
Have Faith In Worthless Knowledge - The SPACE Gallery blog
Maine Prisoner Advocacy Coalition - Activists for prisoners' rights
About Town Archives