New York Fund Divests $111 Million After Ben & Jerry’s Boycott in Israel

In a still image from a video released by NTD, Ben & Jerry’s franchise owner, Stephen Chubbuck, talks to NTD host, Kay Rubacek, about how he uses the social element of ice cream to get all members of the community to talk again. Oliver Trey/NTD

New York State pension fund revealed Thursday that it’d be pulling out $111 million in equity investments from Unilever, the conglomerate parent of Ben & Jerry’s following the ice cream maker’s decision to boycott sales in certain regions of Israel.

“Our review of the activities of the company, and its subsidiary Ben & Jerry’s, found they engaged in BDS activities,” Thomas DiNapoli, the manager of New York’s $268 billion retirement fund, said in a statement to the New York Post.