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Tag: divestment

Alex Wong/AFP

Surprise! The States Can Reject the Iran Deal

The Obama administration has sent the Iran nuclear deal to Congress for a 60-day review provided by the Corker bill. However, President Barack Obama has pre-empted Congress by going to the UN Security Council first, which has already voted to end international sanctions and accept the deal. Furthermore, even if Congress rejects the deal, it will struggle to muster a two-thirds majority to override the president’s veto. There is one effective way, however, that the Iran deal can be rejected: states and local governments can refuse to comply with it.

AP Photo

California Pensions Move Closer to Divesting from Coal

California’s pension funds moved one step closer to divesting from coal on Wednesday, with an Assembly committee approving SB 185 bill by a 5-1 vote. The bill, which has passed the state Senate, moves to the floor for a vote. It is likely to pass, and Gov.Jerry Brown is likely to sign it into law, though he has opposed measures to ban fracking for oil in the state.

CalSTRS (Paul Sableman / Flickr / Creative Commons)

CA Teacher Retirement Fund Dumps Firearms Shares

The California State Teachers’ Retirement System (CalSTRS) has sold its investment in Remington Outdoor, the parent company for Bushmaster firearms–the firearm that Adam Lanza stole and used in his his heinous attack on Sandy Hook Elementary.

exxon

ExxonMobil tells the Guardian where to stick it

The Guardian has run a piece attacking ExxonMobil for its stubborn, selfish refusal to stop being an oil business. Here’s how the oil giant responded when asked for a quote: “ExxonMobil will not respond to Guardian inquiries because of its

Alan_Rusbridger

The Guardian’s editor-in-chief hits peak stupid

I’d been meaning to write today about why Oxford University should divest itself of one of its zoology graduates. But I’m afraid that will have to wait because I’ve just read today’s Guardian cover story and have realised that the

AP

Student Court at UC Davis Strikes down Anti-Israel Divestment Resolution

In January, students at UC Davis passed a resolution urging the school to divest from companies doing business in Israel. On Wednesday, UC Davis’s student court declared the resolution to be unconstitutional (i.e. not in accordance with standards outlined in the student court) and ruled against it, following an appeal from the university’s students.