NJ yanks Unilever investments over Ben & Jerry's Israel flap - NewsBreak
By Gomez in Business
Updated 3 years ago
New Jersey is yanking its investments out of Unilever over Ben & Jerry's decision this summer to pull out of the occupied territories in Israel. The state's treasury department, which has $182 million invested in Unilever stock, bonds and other securities, fired off a letter to Unilever's chief executive, Alan Jope, informing him of a 2016 law that prevents New Jersey from investing its pension funds in businesses that engage in boycotts of Israel, according to a copy of the letter which The Post obtained.