Money to shift from Darfur

By David Milstead, Rocky Mountain News

January 4, 2007

The University of Colorado has adopted a policy to avoid investing in companies that are involved in the genocide in the Darfur region of Sudan.

The divestment policy requires CU’s treasurer to identify the companies “operating in contradiction to a set of targeted divestment criteria.” CU will then contact any outside money manager that’s invested in one of the companies that the university will fully divest from their fund within 12 months if the fund fails to comply with the Sudan Divestment Policy.

“The University of Colorado’s Sudan Divestment Policy makes it clear that if you are a corporation complicit in the genocide in Sudan, you won’t have access to the university’s assets,” said University of Colorado Regent Paul Schauer.

During the past three years, more than 200,000 men, women and children in the Darfur region of western Sudan have been killed by the government-backed militia, or janjaweed, CU says.

Another 2.5 million have been made homeless or forced to live in refugee camps.

Copyright 2007, Rocky Mountain News. All Rights Reserved.