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Ben & Jerry’s boycott of Israel has put pension funds for the brand’s parent company on ice.
The New York State Common Retirement Fund announced on Thursday it would pull $111 million in investments out of Unilever, the consumer goods company that owns Ben & Jerry’s. Tom DiNapoli, the retirement fund’s state comptroller, said it is pulling the investments over the ice cream brand’s boycott of Israel, according to the New York Post.
“After a thorough review, the New York State Common Retirement Fund will divest its equity holdings in Unilever PLC. Our review of the activities of the company, and its subsidiary Ben & Jerry’s, found they engaged in BDS activities under our pension fund’s policy,” DiNapoli told the outlet.
BDS is a movement standing for boycott, divestment, and sanctions intended to inflict economic harm against Israel. DiNapoli’s director of corporate …

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