City of Philadelphia - File #: 060323

• File #: 060323
• Version: 0
• Type: Resolution
• Status: ADOPTED
• File created: 4/27/2006
• In control: CITY COUNCIL
• Final action: 4/27/2006
• Title: Calling on the City and State Pension Funds to Divest Holdings in Companies that do business in the Sudan or with the Sudanese Government and support the International Crusade for Full Divestiture of all Investment Holdings in the Sudan.
• Sponsors: Councilmember Blackwell, Councilmember Goode, Councilmember Ramos, Councilmember DiCicco, Councilmember Miller, Councilmember Reynolds Brown, Councilmember Kenney, Councilmember O'Neill, Councilmember Rizzo, Council President Verna, Councilmember Krajewski, Councilmember Nutter, Councilmember Kelly, Councilmember Clarke, Councilmember Tasco

Date	Ver.	Action By	Action	Result	Tally
4/27/2006	0	CITY COUNCIL	Introduced	Pass
4/27/2006	0	CITY COUNCIL	READ
4/27/2006	0	CITY COUNCIL	ADOPTED

Title
Calling on the City and State Pension Funds to Divest Holdings in Companies that do business in the Sudan or with the Sudanese Government and support the International Crusade for Full Divestiture of all Investment Holdings in the Sudan.
Body
WHEREAS, The Sudanese Government is presently engaged in the systematic killing and torturing of its own citizens; and

WHEREAS, During the last three years in the Darfur region of the Sudan, 300,000 people have been killed and more than 2 million driven from their homes; and

WHEREAS, In order to suppress dissent, the government places severe restrictions on the freedom of assembly, association, movement and speech; and

WHEREAS, The City of Brotherly Love, Philadelphia, stands with the global community in recognizing our moral obligation to condemn genocide anywhere in the world; and

WHEREAS, On June 16, 2005, Council adopted Resolution 050700 calling on the U.S. Government to condemn the genocide occurring in the Sudan at the hands of the Sudanese Government and urging the U.S. Government to provide humanitarian relief; and

WHEREAS, On March 3, 2006, Council adopted Resolution 060188 calling on one-million Americans to write President Bush, urging him to send a strong, multinational force to the Darfur region of the Sudan to stop the genocide occurring there; and

WHEREAS, Three states including Illinois, New Jersey and Oregon have passed legislation calling for pension fund divestiture of all investment holdings in the Sudan; and

WHEREAS, The Philadelphia City Controller Alan Butkovitz, as a trustee of the Philadelphia Board of Pensions, has asked the Board to conduct an inquiry to determine which domestic and foreign companies do business in the Sudan; identify whether we have investments with those companies; and divest holdings in those companies; and

WHEREAS, Council should join the Controller and others calling for divestiture of investment holdings in companies doing business in th...