Chicago City Council Urges Fund To Divest From Iran

Chicago’s city council urged the city’s largest employee pension fund to divest from Iran.

The council this week unanimously approved a resolution that urged the Municipal Employees Annuity and Benefit Fund of Chicago to divest from companies doing business with Iran’s energy sector.

Divestment would be gradual. If the fund goes ahead with such a divestment, Chicago would join New York City, Washington, D.C. and 11 other U.S. cities in divesting from businesses involved in Iran. A number of states have also divested from Iran, or are considering legislation that would do so.

The Chicago-area Jewish Community Relations Council lobbied to pass the non-binding resolution.

B’nai B’rith International praised the work of the Chicago City Council in a statement.

“Chicago’s city government has set an important example for other municipalities to get on board to isolate Tehran,” said B’nai B’rith International President Allan J. Jacobs, a resident of the Chicago suburb of Lake Forest, Ill. “Sanctions are working. Resolutions such as this are helping unite local governments as well as the global community in a cohesive effort to isolate Iran.”

This story "Chicago City Council Urges Fund To Divest From Iran" was written by JTA.


Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. All readers can browse the comments, and all Forward subscribers can add to the conversation. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters or repeat offenders will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Chicago City Council Urges Fund To Divest From Iran

Thank you!

This article has been sent!