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.”
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
