The Divestiture movement
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Divestment Movement

Facts:
Divestment, or disinvestment, from Israel is a campaign conducted by religious and political entities which aims to use disinvestment to pressure the government of Israel to put “an end to the Israeli occupation of Palestinian territories captured during the 1967 military campaign.” Divestment campaigns targeting Israel first received media attention in 2002, thanks largely to a high-profile divestment petition at Harvard University and the Massachusetts Institute of Technology early that year. This was followed later that same year by calls from South African anti-apartheid activist Desmond Tutu for the international community to treat Israel as it treated apartheid South Africa:
- Tutu said that the campaign against Israel’s occupation of the Palestinian territories and its continued settlement expansion should be modeled on the successful historical, but controversial, disinvestment campaign against South Africa’s apartheid system.
- Divestment from South Africa was first advocated in the 1960s, in protest of South Africa’s system of Apartheid, but was not implemented on a significant scale until the mid 1980s. The disinvestment campaign, after being realized in federal legislation enacted in 1986 by the United States, is credited as pressuring the South African Government to embark on negotiations ultimately leading to the dismantling of the apartheid system. Disinvestment campaigns have been focused on high-profile organizations with large financial holdings such as heavily endowed universities or churches and municipalities managing large portfolios of retirement fund investments.
- This movement presses the question that didn’t complicate the fight against apartheid: At what point does opposition to Israeli policy become anti-Semitism?
Recent Events:
- On March 17, 2010 a UC Berkeley Student Senate resolution asked that the university divest itself of companies that conduct business with Israel, especialy targeting General Electric and United Technologies which supplies arms and technology to Israel, but it was vetoed on March 24 by the Student Body President who called it “a symbolic attack on a specific community”. On April 14, the Student Senate voted on whether to override the President’s decision in the packed and contentious senate meeting. Twelve voted in support of Israel divestment, with seven against and one abstained. Since a two−thirds majority vote of the senate is needed in order to override a presidential veto, the resolution to divest from Israel did not pass. Nevertheless, the vote was tabled again for April 21, but the president’s veto was not overturned then either. On April 28 the final decision to not divest was established.
- Latest Harvard University filings seemed to show total divestment of Israel Stocks (according to its 13-F forms filed on 8/15/2010). But the University soon reported that the sale of some of its investments in Israel was not politically motivated and it is not divesting from Israel. Harvard spokesman John Longbrake told Foreign Policy that the university sold $39 million in stocks in five Israeli companies because Israeli stocks could no longer be considered part of the emerging markets portfolio, where they previously had been held. “The university has not divested from Israel,” Longbrake said. “Israel was moved from the MSCI, our benchmark in emerging markets, to the EAFE index in May due to its successful growth. Our emerging markets holdings were rebalanced accordingly.” He said Harvard is still invested in Israel but declined to go into specifics.
Columbia University’s Statement on the Divestment Campaign (updated as of October 2002)
- Deeply concerned about the brutality of Israeli military rule over Palestinians in the West Bank and Gaza, a group of Columbia and Barnard faculty have decided that, like our colleagues at Princeton, Harvard, MIT, Tufts, University of California, and the University of Pennsylvania, we should not remain silent.
- The decision to launch a divestment campaign comes from our hope that moral pressure from the international community could be an effective means of encouraging political transformation. The anti-Apartheid campaigns of boycott and divestment played a critical role in dismantling the former South African regime. We believe that a similar, if more targeted, strategy of divestment vis-à-vis the Israeli state is called for at this historical juncture. In limiting our divestment campaign to companies that manufacture and sell arms to Israel, we have focused on a fundamental problem in the conflict today: the use of Israeli military force on a civilian population. We are convinced that pursuing a military solution to what is, at heart, a political problem, can only serve to escalate the conflict and create more human suffering for all. We urge members of the Columbia University community to join this campaign by signing the petition.
Columbia/Barnard Faculty Committee on Divestment
- Companies mentioned in the Columbia University divestiture campaign: Boeing, General Electric, Caterpillar, Lockheed Martin
Further reading:

Global BDS: Boycott, Divestment, and Sanctions for Palestine
Divest this! (anti-divestment)












