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Los Angeles City Council urges pension divestment from companies doing business in Burma
Summary
The City Council approved a motion asking the Board of Pensions to consider divesting from companies doing business in Burma, citing worsening human-rights conditions and recent detention of elected leaders; the motion passed unanimously (10–0).
The Los Angeles City Council on a unanimous 10–0 vote asked the city’s pension board to consider divesting from companies that continue business ties with Burma (Myanmar), citing mounting human-rights abuses there.
Councilmember Jackie Goldberg, who introduced the non-ordinance motion, said the "human-rights situation in Burma is getting worse" and urged the council to…
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