N.J. to Pull $182 Million Out of Unilever Over Ben & Jerry’s and Israel
The New York Times
After the company said it would no longer sell its ice cream in the occupied territories, New Jersey invoked a law that prohibits public investments in companies that engage in boycotts.
New Jersey has become the latest state to announce plans to divest from the company that owns Ben & Jerry’s over its decision to stop selling ice cream in Israeli-occupied territories.
The state’s Division of Investment sent a letter this week to Unilever, the New Jersey-based parent company of Ben & Jerry’s, explaining that a state law passed in 2016 prohibited the investment of state pension funds in businesses that engaged in boycotts.
At the start of this week, New Jersey had $182 million invested in Unilever stock, bonds and other securities, a spokeswoman for the state’s treasury department said.
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