Providence voters will soon be asked to decide whether the city should adopt the proposed “Human Rights Divestment Ordinance.” The Rhode Island–Israel Collaborative strongly opposes this proposal, and we urge Providence voters to vote “no”.
Providence’s investment decisions should be made based on what is financially prudent and in the best interests of the city’s residents and taxpayers – not as a vehicle for making statements about complicated international political conflicts.
The proposed ordinance also creates serious practical problems.
Providence does not independently control every investment involving city funds. Many assets are held through pooled, commingled, state-managed, or professionally managed investment vehicles. The
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