See It: The Community being helped
The Clearinghouse for the Sudan Divestment Movement
The new millennium's first genocide rages unabated into its fifth year in the Darfur region of Sudan. For the first time in history, governments, along with numerous other political and non-profit entities, have declared that an ongoing massacre amounts to genocide. While humanitarian groups have courageously assisted the millions of displaced in Darfur, international action has been shamefully underwhelming. The magnitude of the crimes in Darfur, combined with the failure of the international community to stem these horrors, has given institutions around the world impetus to act. Harkening back to the days of Apartheid South Africa, individuals, governments and investors have explored the option of divesting from companies that either do business in Sudan or with the government of Sudan.
As the coordinating entity for the Sudan divestment movement, the Sudan Divestment Task Force, a project of the Genocide Intervention Network, is actively involved in hundreds of successful and developing targeted Sudan divestment campaigns around the world at the university, asset manager, city, state, and national levels. The Sudan Divestment Task Force has developed a unique approach to shareholder activism and divestment, focusing the campaigns efforts on the most problematic companies in Sudan. This approach, termed targeted divestment, helps to maximize impact on the Sudanese government, while minimizing potential harm to both innocent Sudanese civilians and investment returns.
Since the Sudan divestment campaign was initiated in 2005:
- 22 states have adopted divestment policies from Sudan and 23 states have initiated Sudan divestment campaigns.
- The United States Government has approved the Sudan Accountability and Divestment Act which authorizes and encourages state and local divestment, prohibits federal contracts with problematic companies that operate in Sudan’s oil, power, mineral and military sectors and provides legal protections to asset managers that choose to divest from Sudan.
- 58 universities have adopted divestment policies from Sudan. 47 universities have initiated campaigns to pursue Sudan divestment policies.
- 11 cities have adopted divestment policies from Sudan.
- 15 countries have initiated targeted Sudan divestment campaigns. International divestment campaigns currently include Australia, Belgium, Canada, Germany, Japan, Norway, Netherlands, New Zealand, Ireland, Italy, Sweden, Switzerland, South Africa, the US, and the UK.
- 9 major companies have ceased operations in Sudan or significantly changed their behavior in the country since the proliferation of the Sudan divestment movement.
- Thousands of individuals, including a number of US presidential candidates, have used the Sudan Divestment Task Force's mutual fund screening tool to ensure that their own investments aren't supporting the genocide.
Click here to download a podcast from the United States Holocaust Memorial Museum with Adam Sterling, director of the Sudan Divestment Task Force.
Click here to watch a trailer and clips for Darfur Now!, a new documentary featuring Adam Sterling and Don Cheadle, from Warner Independent and Participant Productions.
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Vital Stats
| Started On: | November 2005 | Ended On: | The resolution of the crisis in Darfur! |
| People Involved: | 80,000 members (through the Genocide Intervention Network) | People Impacted: | Millions of people in Sudan and thousands of individuals that have screened their own investments! |
| Money Raised: | $2 million (through the Genocide Intervention Network) | | |
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Project Updates:
President Bush signs the Sudan Accountability and Divestment Act into law!
December 31, 2007
U.S. President George W. Bush has signed the Sudan Accountability and Divestment Act into law. This robust new Darfur legislation, which passed both chambers of Congress unanimously, authorizes state and local governments to divest from companies that support the Khartoum government at the expense of marginalized populations in Sudan and prohibit federal contracts with those companies.
More companies take action!
December 24, 2007
Weatherford International, a Houston-based oilfield services company, has announced that they will be ceasing all business activity in Sudan within twelve months. The company has been involved in Sudan through a foreign subsidiary, Weatherford Oil Tool Middle East.
Additionally, Weir Group, a Scottish engineering company, announced that they will cease all operations in Sudan by the end of the year. The company, which has been supplying equipment to Sudan for over 25 years, has supplied equipment for oil exploration, production and refining in the country.
Japan to consider ban on Sudanese oil
November 20, 2007
Two major Japanese electricity firms have cut oil imports from Sudan in response to the Darfur crisis and Japan's Trade Ministry will consider implementing a country wide ban according to reports from Bloomberg. Japan, the world's second largest oil importer and a top importer of Sudanese oil, is the first nation to publicly consider such action since conflict broke out in Darfur over four years ago.
New Mexico divests from Sudan!
November 9, 2007
New Mexico Governor Bill Richardson instructed the $16 billion state Permanent Fund to divest from Sudan. The fund will sell $45 million in seven offending companies in Sudan.
New Mexico is the twenty-second state to adopt a divestment policy from Sudan. Fifteen of these states have passed the Sudan Divestment Task Force model of targeted Sudan divestment.