Post on 09-Oct-2015
description
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AResolutiontoDivestfromCompaniesEngagedinViolenceAgainstPalestiniansSponsoredby:NegeenSadeghiMovahed,ConradContreras,ManjotSingh
Studentgroupcosponsors:StudentsforJusticeinPalestine,AmericanIndianStudentsAssociation,BengaliStudentsAssociation,BruinFeministsforEquality,IDEAS(ImprovingDreams,Equality,Access,andSuccess),IncarceratedYouthTutorialProject,JewishVoiceforPeace,MuslimStudents
Association,QueerAlliance,SamahangPilipino,StudentCoalitionAgainstLaborExploitation,UMMAVolunteerProject,UnitedArabSociety
WHEREAS,inSeptember2014,theUniversityofCaliforniasignedontotheUnitedNationssupportedPrinciplesforResponsibleInvestment1,whichincludeguidelinesstatingthatbusinessesshouldsupportandrespecttheprotectionofinternationallyproclaimedhumanrightsandmakesurethattheyarenotcomplicitinhumanrightsabuses2WHEREAS,theUniversityofCaliforniaremainsinvestedincompaniesthatdonotmeetthestandardsendorsedbytheUnitedNationssupportedPrinciplesforResponsibleInvestmentWHEREAS,investmentincompaniesengagedinviolenceagainstothersisharmfultostudentsatUCLAwhoareaffectedbysuchviolenceWHEREAS,UCstudentsdidnotgiveconsenttoinvestincompaniesengagedinviolenceagainstothersWHEREAS,UCstudentshaveusedandcontinuetousedivestment3campaignstoreclaimpoliticalagencyandtochangeUCpoliciesthatmaintaininvestmentsincompaniesthatdemonstratealackofaccountability,ethicality,andrespectfortherightsanddignityofothers,mostnotablyinthecontextofSouthAfrica4andmostrecentlyinthecontextoffossilfuels5andthePrisonIndustrialComplex6WHEREAS,thefollowingillustrativeandnonexhaustivelistofcompaniesinwhichtheUniversityofCaliforniainvests7profitfromandenablehumanrightsabusesandviolenceWHEREAS,Boeing,Caterpillar,CementRoadstoneHoldings,Cemex,GeneralDynamics,GeneralElectric,HewlettPackard,LockheedMartin,NorthropGrumman,Raytheon,andUnitedTechnologieshaveviolatedtheuniversalrighttolife,liberty,andsecurityofpersontoeducationtoprivacy,family[and]hometoownproperty,and...[notto]bearbitrarilydeprivedofproperty8WHEREAS,CaterpillarhasviolatedtheserightsbycontinuallyprovidingengineeringtoolsandbulldozersroutinelyusedinthedemolitionofPalestinianhomes,refugeecamps,watercisterns,andagriculturalfieldsintheWestBankandGaza910,andbyprovidingbulldozersusedtoexpandillegalsettlementsandtoconstructtheSeparationWallandcheckpointsthroughouttheWestBank10,whichhavebeenruledtobeinviolationofinternationallawintheInternationalCourtofJustices2004AdvisoryOpinion11WHEREAS,byprovidingcementandotherbuildingmaterials,CementRoadstoneHoldings(CRH)hascontributedtotheconstructionofmilitarycheckpoints,theSeparationWall,andillegalsettlementswithintheoccupiedPalestinianterritory12
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WHEREAS,CemexalsoownsandoperatesmanufacturingplantsinillegalWestBanksettlements,exploitingPalestiniannaturalresourcesinviolationofinternationallaw13WHEREAS,CRHandCemexhavesuppliedbuildingmaterialsusedtobuildillegalsettlements,theSeparationWall,andcheckpointswithintheoccupiedPalestinianterritory14WHEREAS,HewlettPackardCompany(HP)hasprovidedbiometricidentificationsystemsusedatIsraelimilitarycheckpoints,whichrestrictthefreedomofmovementofPalestinians,facilitatediscriminationagainstPalestinians,andreinforceastratificationofcitizenship15WHEREAS,HPprofitsfromglobalmassincarcerationandprovidesprisonerdatasystemsfortheUnitedStatesDepartmentofHomelandSecuritysImmigrationandCustoms(ICE)LawEnforcementSupportCenter16WHEREAS,corporationsthattheUniversityofCaliforniainvestsin,includingBoeing17,GeneralDynamics18,GeneralElectric19,LockheedMartin20,NorthropGrumman21,Raytheon22,andUnitedTechnologies23,haveprovidedweaponsusedinattacksonciviliansandcivilianinfrastructureintheGazaStrip24WHEREAS,havingdocumentedseriousviolationsofhumanrightsandpossiblewarcrimes25,bothAmnestyInternational26andHumanRightsWatch27calledupontheUnitedStatesgovernmentandotherpartiestoceasethetransferorsaleofarmsthatwouldlikelybeusedinthefurthercommissionofhumanrightsviolations,specificallyreferencingcorporationsinwhichtheUniversityofCaliforniacurrentlyinvests24WHEREAS,investmentinthesecompaniesshowsimplicitsupportforthedecisionsandactionsofthesecompanies,aswellastheirconsequences,whichincludethekillingsofciviliansWHEREAS,theconsequencesofthesecompaniesactionsalsoaffecttheUCLAcommunitydirectly,includingstudentswhosefamiliesexperienceoccupation,systematicdiscrimination,death,injury,andotherformsofhumanrightsviolationsWHEREAS,theonlywaytoachievefinancialneutralityinsuchsituationsistoendourinvestmentinandimplicitsupportforsuchcompaniesthroughdivestmentWHEREAS,thisresolutionaimsneithertocondemnacountry,apeople,oracommunitynortodetermineapoliticalsolution,butissolelyaimedatendingourUniversityssupportofcompaniesthatenablehumanrightsviolationsWHEREAS,supportforhumanrightsandoppositiontoinvestmentsincompaniesengagedinviolenceareprinciplesthathavethepowertounitemembersoftheUCLAcommunityLETITBERESOLVED,thattheUndergraduateStudentsAssociationCounciloftheUniversityofCalifornia,LosAngelescallsupontheUniversityofCaliforniatowithdrawinvestmentsinsecurities,endowments,mutualfunds,andothermonetaryinstrumentswithholdingsintheaforementionedcompanies,atsuchtimeandinsuchmannerasfundtrusteesmaydetermineandthattheUniversityofCaliforniamaintainthewithdrawalofinvestments,inaccordancewithtrusteesfiduciaryduty,until
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thesecompaniesarenolongerengagedintheviolationofhumanrightsandotherbehaviorthatfailtoadheretotheUniversityofCaliforniaendorsedPrinciplesofResponsibleInvestmentLETITFURTHERBERESOLVED,thatifitisfoundthatUCLAfundsarebeinginvestedinanyoftheabovementionedcompanies,theUndergraduateStudentsAssociationCounciloftheUniversityofCalifornia,LosAngelescallsuponUCLAtodivestallstocksandsecuritiesofsuchcompanies,atsuchtimeandinsuchmannerasfundtrusteesmaydetermine,andmaintaindivestmentfromsaidcompanies,inaccordancewiththefundtrusteesfiduciaryduty,untiltheymeettheUniversityofCaliforniaendorsedPrinciplesofResponsibleInvestmentLETITFURTHERBERESOLVED,thattheUndergraduateStudentsAssociationCounciloftheUniversityofCalifornia,LosAngelescallsuponUCLAandtheUCLAFoundation,inaccordancewithfundtrusteesfiduciaryduties,torefrainfrommakingfurtherinvestments,andtoadvocatethattheUniversityofCalifornianotmakefurtherinvestments,inanycompaniesengagedintheviolationofhumanrightsorotherbehaviorthatfailstoadheretotheUniversityofCaliforniaendorsedPrinciplesofResponsibleInvestmentLETITFURTHERBERESOLVED,thattheUndergraduateStudentsAssociationCounciloftheUniversityofCalifornia,LosAngelescallsupontheUniversityofCaliforniatoestablishameansofimplementinggreaterstudentoversightoftheUniversitysinvestmentsLETITFURTHERBERESOLVED,thatinadditiontodivestment,theUndergraduateStudentsAssociationCounciloftheUniversityofCalifornia,LosAngelescallsupontheUniversityofCaliforniatoinvestinandsupportventuresinIsraelandPalestinethatpromotehumanrightsandjustice,andthatdonotcontributetotheoppressionofanygroupLETITFINALLYBERESOLVED,thatwe,thestudents,calluponouruniversitytodissociateitselffromcompaniesthatengageoraidinsystematicprejudicedoppression,whetherthissystemtargetspeoplebasedontheirreligion,nationality,gender,raceororientation,bydivestingfromcompaniesthatparticipateinorprofitfromhumanrightsviolations.
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[1]UCjoinsUNsupportedPrinciplesforResponsibleInvestment[2]PrinciplesforResponsibleInvestmentAnnualReport2014PrinciplesforResponsibleInvestment:WhatisResponsibleInvestment?,andTheUNGlobalCompactsTenPrinciples[3]Divestingistheprocessofsellinganasset,doneforeitherfinancialorsocialgoals.[4]UCLAAfricanStudiesCenterRememberingNelsonMandela,areflectionondivestmentandTheStudentAntiApartheidNewsletter:SpecialReportonUniversityofCaliforniaDivestmentAction[5]AResolutionInSupportofDivestmentfromFossilFuelCompanies[6]AResolutiontoDivestUndergraduateStudentsAssociationCouncilandUCLosAngelesFinancesfromCorporationsProfitingfromthePrisonIndustrialComplex[7]UCRetirementPortfolioholdingsincludeinvestmentsinCaterpillar,CementRoadstoneHoldings,Cemex,GeneralElectric,HewlettPackard,andLockheedMartin.UCGeneralEndowmentPortfolioholdingsincludeinvestmentsinCementRoadstoneHoldings,Cemex,GeneralElectric,HewlettPackard,andLockheedMartin.BothportfoliosincludeinvestmentsintheRussell3000Index,whichincludesBoeing,Caterpillar,GeneralDynamics,GeneralElectric,HewlettPackard,LockheedMartin,NorthropGrumman,Raytheon,andUnitedTechnologies.[8]TheUniversalDeclarationofHumanRights[9]HumanRightsWatchsRazingRafah:MassHomeDemolitionsintheGazaStrip,citesCaterpillarsviolations[10]AmnestyInternationalreportIsraelandtheOccupiedTerritories:UndertheRubble:HouseDemolitionandDestructionofLandandProperty,citinghowCaterpillarbulldozersareusedtoviolatehumanrights.[11]InternationalCourtofJustice:LegalConsequencesoftheConstructionofaWallintheOccupiedPalestinianTerritory(9July2004)[12]SeeProjectCleanHandsreportonCementRoadstoneHoldings,WhoProfitsreportonCementRoadstoneHoldings[13]WhoProfitsreportonCemex[14]See13,andNewEnglandUnitedMethodistChurchreportsonsaidcompaniesanddocumentationonsaidcompanies[15]WhoProfitsreportonHPsinvolvementinsettlementsandoccupationinfrastructure[16]GlobalExchangesreportonHPincludesinformationonservicestodomesticprisonandimmigrationsystems[17]SeeBoeingsreportonitsweaponssalesandspecifically,itssalesofAH64Apachehelicopters,F15EStrikeEaglefighterjets,F16missiles,andAGM114Hellfiremissiles.[18]SeetheAFSCsreportonarmssalestoIsrael,citingGeneralDynamicssaleofweaponsusedinattacksoncivilians.[19]GeneralElectricssaleofenginesforBoeingsAH64Apachehelicopters,andenginesforBlackhawkhelicopters.[20]LockheedMartinsuppliesIsraelwithF16fighterjetsandmissiles,LongbowHellfiremissiles(withNorthropGrumman)andAH64ApacheLongbowhelicopterparts.[21]SeeNorthropGrummanssalesofmissilesystems,gunships,andservicesforF16fighterjets.[22]SeedocumentationofRaytheonsarmstransfers,includingmissilesandbombsusedinhumanrightsviolations.[23]UnitedTechnologiesrendersservicestotheIsraelimilitarythroughitsaviationsubsidiaries,PrattandWhitneyandSikorsky,whichmanufactureenginesusedinF15sandF16s,andBlackhawkhelicopters,respectively.[24]AmnestyInternationalsreportFuellingConflict:ForeignArmsSuppliestoIsrael/Gaza,detailsarmssalesmadebyBoeing,GeneralElectric,LockheedMartin,andRaytheon.[25]See:AmnestyInternationalsOperationCastLead:22DaysofDeathandDestruction,andHumanRightsWatchsIsrael:InDepthLookatGazaSchoolAttacks,andGaza:AirstrikesViolatedLawsofWar[26]AmnestyInternationallettertoCongresscallingforarmsembargoAmnestyInternational:UNmustimposearmsembargoandmandateaninternationalinvestigationasciviliandeathtollrisesAmnestyInternational:TheUnitedStatesisNotJustaBystanderinIsraelGazaViolenceAmnestyInternational:StopUSshipmentoffueltoIsrael'sarmedforcesasevidenceofGazawarcrimesmounts[27]HumanRightsWatch:UnlawfulIsraeliAirstrikesKillCivilians,andIsraeliSoldiersShootandKillFleeingCivilians