MN BBC asserts that Minnesota’s investments in Israel Bonds are illegal

February 1, 2011 MN Break the Bonds

MINNESOTA BREAK THE BONDS CAMPAIGN DEMANDS THAT THE STATE BOARD OF INVESTMENT DIVEST FROM ISRAEL

MINNEAPOLIS – February 1, 2011 – The Minnesota Break the Bonds Campaign (MN BBC), a statewide campaign aimed at ending Minnesota investment in Israel until Israel complies with international law and respects human rights, has issued a written demand, a copy of which is attached, to the Minnesota State Board of Investment (SBI) that the Board divest from Israel Bonds. The demand is based on both legal and moral grounds. MN BBC has also requested that the issue be placed on the Board’s agenda for its next scheduled meeting on March 3, 2011.

The SBI’s investments in Israel Bonds are unlawful. MN BBC’s demand letter refers to provisions of the Minnesota Statutes that restrict state investment in foreign governments. These investments also entangle Minnesota in Israel’s myriad international law and human rights violations.

MN BBC has formally advised the SBI that it will pursue legal action if the Board fails to place the issue on the March 3, 2011 meeting agenda and fails to divest.

Click here for a PDF copy of the actual press release: FOR IMMEDIATE RELEASE FEB 1

Click here for a PDF copy of the Letter to the SBI: Letter to the SBI

Media Contacts

Flo Razowsky: 612-850-4942

Susie Gad: 612-227-5286

Email: mn@breakthebonds.org

Photo: i-consult.org

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Divest for Justice in Palestine!

We are Palestinians, Americans, Jews, Christians, Muslims, students, professionals, parents, community members and allies working together to bring Palestine-centric education to Minnesota in order to promote justice and human rights.

We believe:

We, the people of Minnesota, have the moral obligation to make sound investments that will not aid the oppression of any one race, creed or people. Minnesota’s investment in Israel supports an apartheid system in both Israel and the Occupied Territories that causes thousands of civilian deaths, many of whom are children, and which involves the widespread abuse of human rights. This system defies a ruling by the International Court of Justice as well as more than 65 UN Resolutions, and violates the Fourth Geneva Convention. We demand that the state of Minnesota act on its good conscience and support the breaking of economic ties with the apartheid state of Israel.

We say, Minnesota divest from Israel Bonds, Divest for Justice in Palestine!

Contact the MN Break the Bonds Campaign

The Minnesota Break the Bonds Campaign is a 501(c)(3) non-profit organization and donations are tax deductible. Thank you for your financial support!
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