San Francisco State University divests from arms makers in deal with pro-Palestinian students
Students for Gaza SFSU announced Thursday that San Francisco State University has pulled investments from three companies the university claims do not meet its human rights standards following demonstrations from pro-Palestinian activists and groups.
Students for Gaza SFSU announced Thursday that San Francisco State University has pulled investments from three companies the university claims do not meet its human rights standards following demonstrations from pro-Palestinian activists and groups.
In the agreement reached with students, the university will sell its corporate bond position in aerospace and defense company Lockheed Martin, stock positions in Italian defense company Leonardo, and U.S.-based data analysis enterprise Palantir Technologies.
The move shifted SFSU’s $163 million investment portfolio after pro-Palestinian student protesters made headways in meeting with university leaders to discuss demands. The university became the first in the county to hold public negotiations with students.
Students at the university camped out and protested for three weeks in a nationwide call for universities to disclose and divest from what they categorized as companies profiting from Israel’s occupation of Palestinian land and the war in Gaza.
“Through the work of the many students involved in GUPS (General Union of Palestine Students) at SFSU and SFG (Students for Gaza), we have been able to successfully ensure our money is not funding GENOCIDE ‼️” read an Aug. 27 announcement on Instagram by Students for Gaza at San Francisco State.
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