Texas AG Greg Abbot: he may be wrong, but he may be right.In a rush to push through well-intentioned and headline-grabbing divestment legislation targeting the multinationals that aid the genocidal regime in Sudan, politicians may be doing more damage to the movement than good.
Evidence of this backlash surfaced last week. Texas Attorney General Greg Abbott issued a statement that requiring divestment on
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Photo: AFP/Jim WatsonState legislatures all across the country, including my home state of Texas, are considering bills that would force state-sponsored investment funds to divest from companies profiting from business with the genocidal regime in Darfur.
If successful, pension funds representing teachers, police, firefighters, and other government employees would have to dump billions of dollars in equity in the offending companies. Presumably, the tidal wave of supply in unwanted stock
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