From Deseret News archives:
Should Utah also divest for Darfur?
Treasurer David Lemoine's reasoning, supported by the Save Darfur Coalition and other activists, was that the Sudanese government is using oil revenue to fund attacks on civilians in Darfur.
If enough Americans refuse to invest in these companies, the argument goes, maybe the Sudanese government will do something to end the genocide there. Although divesting the state of Maine's small holdings in Schlumberger won't make any difference by itself, "You hope enough droplets of water can combine to create a torrent," says Lemoine.
Utah's State Retirement System also owns stock in Schlumberger. Utah, though, is not divesting its stocks.
Should Utahns be outraged at the state's lack of response to the national "Divest for Darfur" campaign? Would divestment be anything more than a political gesture? Once you start divesting to cure social ills, where do you stop? These are the questions facing government, university and corporate officials this spring as "Divest for Darfur" heats up its campaign nationwide.
Seven states so far have passed legislation mandating divestment of state funds in foreign companies that may be inadvertently supporting the regime in Khartoum, and 17 more states are considering similar legislation. Forty-two colleges and universities have divested.
The Sudan Divestment Task Force's campaign of "targeted divestment" has a list of companies it considers "highest offenders," companies that "have proven to be largely unengageable by shareholders or unwilling to consider altering problematic practices in Sudan." One of those companies is Schlumberger. The Utah State Retirement System owns some stock in Schlumberger, although it won't divulge how much.
Last fall, Gov. Jon Huntsman Jr. received a letter from U.S. Sens. Sam Brownback, R-Kan., and Richard Durbin, D-Ill., urging him to help enact legislation requiring divestment of state-owned stocks.
Comments
- Slovakia beats U.S. 1-0 10:30 a.m.
- Suicide attack kills 11 in Pakistan 10:28 a.m.
- A president of Europe? 10:18 a.m.
- Riesch edges Vonn in WCup slalom 10:13 a.m.
- Woman killed in S.F. Canyon crash 10:07 a.m.
- Collie featured in Sports Illustrated 10:01 a.m.
- Obama: Put off Fort Hood probe 9:59 a.m.
- Fort Hood victims' funerals Saturday 9:18 a.m.
- Rep. bashes Dems over health care 9:09 a.m.
- Former China ambassador Lilley dies 9:08 a.m.
- Williams leaves, won't play tonight
- Attack meant to kill apostle
- Unga family is making its mark
- Man killed during 3rd I-15 crash
- Trial begins in toddler death
- Short-handed Jazz fly past Sixers
- ESPN suddenly loves MWC
- Can BYU root for (ick) Utah Utes?
- Study: Divorce likely when wife ill
- Bench proves fruitful for Y.
- SLC council OKs gay rights policies
348 - Editorial: Mormons and gay rights
199 - Senators want food tax restored
162 - Will state consider gay rights law?
145 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - S.L. vote pending on gay protections
113 - Pratt pleads not guilty to sex charges
103 - Celtics crush Jazz
103 - Hatch empathizes with Muslims
89
If you are looking for a bird on the cheap, the following specials from...
How do you handle kids and contests? Our oldest daughter, 7, is of the...
A locked gate that a five year old can open is not secure enough for a dog...
"Tang's owner"? What's the individual's name? And how can a little boy...
What For ?
At first I thought this was going to deal with caring about the american...
Womens BB - LOSERS (yes) mens BB - LOSERS (yes)..... and going for the...
"ick" I hope not!
Sounds like a good game to watch. It was suppose to be on B2 TV but were not...
Well, this means that until the end of January, there will be little if any...
I laughed and laughed at this news. All four of my sisters live in the...
The sound of the train brakes as it pegs the odd car or pedestrian won't be a...


You can be the first to comment on this story.