Firms that profited from slavery reviewed

by repost

Sat, Mar 12, 2005 11:16PM

City councils in Richmond and Oakland could put California in the forefront of a growing national movement to force companies to disclose whether they profited from slavery.

Richmond's City Council adopted an ordinance on March 1 requiring that its pension and investment funds divest themselves from financial institutions linked to slavery. Oakland City Councilman Larry Reid is crafting a similar measure, which he plans to introduce April 12.

Both measures stem from a law signed in 2000 that made California the first state to gather information from companies believed to have written insurance policies in the slavery era. Lawmakers in New York and Philadelphia recently debated their own disclosure proposals.

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http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/03/12/BAG00BNTTS1.DTL

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