{"id":600519,"date":"2021-07-22T16:36:02","date_gmt":"2021-07-22T20:36:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=600519"},"modified":"2021-07-22T16:36:04","modified_gmt":"2021-07-22T20:36:04","slug":"texas-weighs-divestment-from-ben-jerrys-parent-company-over-israel-boycott","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/texas-weighs-divestment-from-ben-jerrys-parent-company-over-israel-boycott\/","title":{"rendered":"Texas Weighs Divestment From Ben &#038; Jerry\u2019s Parent Company Over Israel Boycott"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftexas-weighs-divestment-from-ben-jerrys-parent-company-over-israel-boycott%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=600519&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div readability=\"31.06015037594\">\n\t\t\t<span class=\"article-category\"><a class href=\"https:\/\/freebeacon.com\/latest-news\/\">Latest News<\/a><\/span><\/p>\n<p class=\"article-excerpt\">New Jersey, Illinois, and Florida could also divest from British conglomerate<\/p>\n<figure class=\"post-thumbnail-container relative lg:mr-24 w-full my-4 mb-8\">\n\t\t<img decoding=\"async\" loading=\"lazy\" width=\"736\" height=\"514\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/GettyImages-1176841345_736x514.jpg\" class=\"w-full lazyload blur-up wp-post-image\" alt srcset=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" sizes=\"auto, (max-width: 736px) 100vw, 736px\" data-srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/GettyImages-1176841345_736x514.jpg 736w, https:\/\/freebeacon.com\/wp-content\/uploads\/2021\/07\/GettyImages-1176841345_736x514-300x210.jpg 300w, https:\/\/freebeacon.com\/wp-content\/uploads\/2021\/07\/GettyImages-1176841345_736x514-703x491.jpg 703w\" data-sizes=\"auto\" \/><figcaption class=\"absolute text-white p-4 w-full text-right text-xs bottom-0 bg-black opacity-75\">\n\t\t\t\tBen &amp; Jerry\u2019s CEO Matthew McCarthy \/ Getty Images\t\t\t<\/figcaption><\/figure>\n<p>\t\t\t<span class=\"text-gray text-xs md:text-lg\"><a href=\"https:\/\/freebeacon.com\/author\/cole-carnick\/\" title=\"Posts by Cole Carnick\" class=\"author url fn text-red-700\" rel=\"author\">Cole Carnick<\/a> \u2022 July 22, 2021 4:30 pm<\/span><\/p><\/div>\n<div readability=\"81.992808988764\">\n<p>Texas may divest from Ben &amp; Jerry&#8217;s parent company after the ice cream manufacturer announced it will end operations in Israeli-controlled territories, the state&#8217;s head financial officer said Thursday.<\/p>\n<p>&#8220;I&#8217;ve directed my staff to determine whether any specific action taken by Ben &amp; Jerry&#8217;s or Unilever would trigger a listing under Chapter 808 of the Texas Government Code,&#8221; which <a href=\"https:\/\/statutes.capitol.texas.gov\/Docs\/GV\/htm\/GV.808.htm\" target=\"_blank\" rel=\"noopener\">prohibits<\/a> the state&#8217;s pension fund from investing in companies that refuse to operate in an &#8220;Israeli-controlled territory,&#8221; State Comptroller Glenn Hegar told CNBC.<\/p>\n<p>The move follows Ben &amp; Jerry&#8217;s announcement Monday that the company will no longer sell its products in &#8220;Occupied Palestinian Territory,&#8221; referring to the West Bank and East Jerusalem. The Texas statute applies to parent companies and could force the state to divest its multibillion-dollar retirement fund from Unilever, which purchased the ice cream company in 2000.<\/p>\n<p>Ben &amp; Jerry&#8217;s boycott could also force a dozen other states with similar laws, <a href=\"https:\/\/www.newsweek.com\/double-scoops-double-standards-courtesy-ben-jerrys-opinion-1612002\" target=\"_blank\" rel=\"noopener\">including<\/a> New Jersey, Illinois, and Florida, to divest from the British conglomerate. Florida chief financial officer Jimmy Patronis, who manages his state&#8217;s pension fund, said his office is evaluating the issue, according to CNBC. More than 30 states have anti-boycott laws and executive orders, including measures that could prohibit state governments from working with Unilever and Ben &amp; Jerry&#8217;s.<\/p>\n<p>Following the ice cream company&#8217;s Monday announcement, Unilever said it remains &#8220;fully committed to our presence in Israel, where we have invested in our people, brands, and business for several decades.&#8221; Ben &amp; Jerry&#8217;s board chair Anuradha Mittal, however, <a href=\"https:\/\/www.nbcnews.com\/business\/business-news\/ben-jerry-s-withdraws-sales-israeli-settlements-clashes-parent-company-n1274403\" target=\"_blank\" rel=\"noopener\">says<\/a> Unilever released the statement without first consulting the Vermont-based company. Members of the board had objected to the statement, which includes a promise to &#8220;stay in Israel through a different arrangement.&#8221;<\/p>\n<p>In its statement, Ben &amp; Jerry&#8217;s said that selling products in Israeli-controlled territories was &#8220;inconsistent&#8221; with its values. Its parent company, however, operates in several countries accused of human rights abuses. Unilever <a href=\"https:\/\/www.nytimes.com\/2019\/08\/21\/opinion\/xinjiang-business.html\" target=\"_blank\" rel=\"noopener\">works<\/a> with a Chinese state-owned company that is based in Xinjiang, where China detains Muslim Uyghurs in concentration camps.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Latest News New Jersey, Illinois, and Florida could also divest from British conglomerate  Ben &#038; Jerry\u2019s CEO Matthew McCarthy \/ Getty Images  Cole Carnick &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-600519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/600519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=600519"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/600519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=600519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=600519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=600519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}