Breaking News: CODEPINK applauds BlackRock announcement they will divest from war!

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FOR IMMEDIATE RELEASE

CONTACT:

Medea Benjamin | CODEPINK co-founder | medea.benjamin@gmail.com | 415 235 6517

Nancy Mancias | CODEPINK national organizer | nancymancias@codepink.org | 415 342 6409

January 15, 2019

CODEPINK Applauds Blackrock’s Announcement they will Divest from Weapons Manufacturers

On January 10, 2019 Blackrock CEO and chairman Larry Fink released a letter announcing the company would be closing its iShares Aerospace and Defense ETF during the 2019 year, divesting the billions of dollars from weapons companies like Lockheed Martin, Boeing, Raytheon, General Dynamics, and Northrop Grumman.

CODEPINK has been actively campaigning for over a year to get Blackrock to divest from weapons companies. At Blackrock’s 2018 annual shareholder meeting CODEPINK and other groups in the Divest from War coalition protested outside and in the lobby of the building where the meeting was being held.

“We are delighted Larry Fink is walking the talk and following his own advice by pushing for social responsibility when it comes to weapons,” states Nancy Mancias, CODEPINK national campaigner. “A year ago, when he released his infamous CEO letter, the activist’s community impatiently waited for him to take action. Finally, he has shown to the world that social responsibility is not all about making money.”

In September 2018, CODEPINK disrupted a Yahoo Finance event Larry Fink was speaking at in New York City.  When the International Rescue Committee honored Larry Fink in November 2018, CODEPINK campaigned to have the award rescinded because of Blackrock’s investments in weapons companies.

“Fink’s announcement that Blackrock will divest during 2019 is an unexpected swell of great news,” said CODEPINK co-founder Medea Benjamin. “The U.S. spends trillions of dollars on the military at the expense of lives overseas and needs inside America. It is refreshing to see a company change course so quickly when it is brought to their attention that they are contributing to the perils of war.”

CODEPINK will monitor Blackrock during 2019 to see that they follow through with their pledge to divest. We hope with Blackrock’s leadership in divesting from weapons inspires other investment firms will quickly follow suit.

Comments

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  • Lon Ball
    commented 2019-01-28 07:26:09 -0500
    These are most welcome awaited words of advice to President Trump whose insular egotism we will come to appreciate in the face of his ample Resistance* detractors. Who is that We? I am an ageing anti-Viet activist and organic farmer expat living in Russia. Who do I see as potential allies in my lonely quest to contribute to a peaceful and ecological Earth? It is time for the peace community to bridge to all other leaders and groups who share the central and overriding agenda of world peace in spite of domestic policy differences. By now we have all realized the obsolescence and irrelevance of that old canard of Left vs. Right dichotomy. The new paradigm is this; Neocon/Globalism/NWO fascism vs. individual rights/democratic rule/localism. What agenda item can unite seekers of truth but world peace and freedom from unfettered police and surveillance. We all need to commit to bridging our relatively petty differences on domestic policy so that we achieve control of the national narrative for sanity in foreign relations. What do these leaders have in common? Ron Paul, Berniecrats, Catherine Fitts, Ron Rappoport, AOC, Vladimir Putin, Julian Assange, Religious pacifists, J Street, B’Tselem, Code Pink, Michel Chossudovsky, Caitlin Johnstone, Noam Chomsky, Alicia Garza, Jimmy Carter, Tulsi Gabbard, Cornel West? Dedication to peace and honor of human dignity.
    Let’s celebrate what we have in common; unbreak the circle. We have the basis for the Second Party that will set aside the present Uni-Party of Globalist RNC and DNC. We have nothing to lose but the diabolical influence of PNAC, Victoria Nuland, Bill Kristol, Bezos, Zuckerberg, the boutique feminism of HR Clinton, centralized banking and the warmongering military entrenchment.