The state of Arizona is divesting all public funds from Ben & Jerry’s due to its boycott against Israel, State Treasurer Kimberly Yee announced on Tuesday.
Arizona reduced its investments in Unilever, Ben & Jerry’s parent company, from $143 million to $50 million as of June 30, and will reduce all investments by September 21.
“As Arizona Treasurer, I’ve divested all state funds from Ben & Jerry’s for boycotting Israel,” Yee wrote on Twitter. “Israel is and will continue to be a major trade partner of Arizona. As Arizona’s Chief Banking and Investment Officer, I stand with Israel and I will not allow taxpayer dollars to go towards anti-Semitic, discriminatory efforts against Israel.”