TRENTON – New Jersey has informed Unilever it intends to divest its $182 million in pension fund investments in the company over a decision by its Ben & Jerry’s ice cream subsidiary not to sell any products in Palestinian territories occupied by Israel.
The move by Ben & Jerry’s, announced in July but not effective until the end of 2022, has been determined by the state Treasury Department and an independent consultant, ISS, to violate a 2016 state law that prevents the state from investing in companies that boycott Israel or Israeli-controlled territory.
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