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2009-04-14_Agenda
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2009-04-14_Agenda
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Human Rights Commission
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4/14/2009
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A Resolution adopted by the City of Edina, Minnesota <br />certifying that no funds have been invested in a targeted list of companies <br />whose operations are deemed to be complicit with the <br />Government of Sudan's genocidal activities in Darfur, Sudan <br />and prohibiting the purchase of such securities in the future <br />Background to this Resolution: <br />On July 23, 2004, the United States Congress declared that "the atrocities unfolding in Darfur, Sudan are <br />genocide." <br />On December 7, 2004, Congress found that "the Government of Sudan has restricted access by <br />humanitarian and human rights workers to the Darfur area through intimidation by military and security <br />forces, and through bureaucratic and administrative obstruction, in an attempt to inflict the most <br />devastating harm on those individuals displaced from their villages and homes without any means of <br />sustenance or shelter." <br />On September 25, 2006, Congress reaffirmed that "the genocide unfolding in the Darfur region of Sudan <br />is characterized by acts of terrorism and atrocities directed against civilians, including mass murder, rape, <br />and sexual violence committed by the Janjaweed and associated militias with the complicity and support <br />of the National Congress party-led faction of the Government of Sudan." <br />The Darfur crisis represents the first time in history that the United States Government has labeled <br />ongoing atrocities as genocide. <br />On Aprit 16, 2007 the University of Minnesota adopted a policy of targeted divestment from companies <br />that support the genocidal government of Sudan. <br />On May 23, 2007, the State of Minnesota passed a bill divestin Minnesota's St <br />from companies complicit in the genocide. Upon signing, the Governor stated, "M nn a otans cann be ment <br />proud that we are taking action to help cut off the flow of money to Sudan's military. We're doing our part <br />to stop the crimes and inhumanities in Darfur." <br />On July 3, 2007, the City of Edina, Minnesota became the third city in the United States to pass a <br />resolution urging that the United States government safeguard the security of innocent non-combatant <br />men, women and children in Darfur, Sudan, where the United States has declared genocide to be <br />occurring. <br />On December 31, 2007, the President of the United States signed into law the Sudan Accountability <br />and Divestment Act of 2007 (S. 2271), which authorizes state and local governments to divest from <br />Sudan and prohibits federal contracts with companies that support the Khartoum government of Sudan. <br />On February 6, 2008, the City of St. Paul, Minnesota passed a resolution asking the United States <br />government to take a stronger stand against genocide. The City also certified that no funds are held in <br />companies supporting the Darfur genocide and prohibited the future investment in such companies. <br />The Federal Government has imposed sanctions against the Government of Sudan since 1997. These <br />sanctions are monitored through the United States Treasury Department's Office of Foreign Assets <br />Control, also known as "OFAC." <br />According to a former chair of the United States Securities and Exchange Commission, "The fact that a <br />foreign company is doing material business with a country, government, or entity on OFAC's sanctions list <br />is, in the SEC staff's view, substantially likely to be significant to a reasonable investor's decision about <br />• whether to invest in that company." <br />
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