Cambridge City Council Votes to Divest from Companies Supplying IDF
Summarized from Ynetnews by baba
The Cambridge City Council narrowly approved a resolution to divest municipal pension funds from companies supplying the Israel Defense Forces, citing alleged "genocide, apartheid and occupation of Palestinians." The vote followed intense debate, with a broader proposal to boycott companies through procurement contracts being defeated. Activists claim the city's pension funds held $24 million in targeted investments. While the resolution is symbolic due to Cambridge's academic and tech prominence, Harvard and MIT are not directly impacted.
The story in 5 lines · by baba
- Cambridge City Council voted to divest municipal pension funds from companies supplying the IDF.
- The resolution cites alleged "genocide, apartheid and occupation of Palestinians."
- The city's pension funds held approximately $24 million in investments in targeted companies.
- A proposal to boycott companies via municipal procurement contracts was narrowly defeated.
- The decision is symbolic, as Harvard and MIT are independent institutions unaffected by the vote.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
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