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New Plymouth candidates debate divesting from firms tied to Israeli settlements, citing ethics vs. financial risk.
New Plymouth’s mayoral candidates are split over the city’s investments in firms linked to Israeli settlements in Palestinian territories, following a UN designation of eight companies, including Israeli banks, as profiting from settlement expansion.
The New Plymouth District Council holds small stakes via a passive investment fund managed by Mercer, which selects stocks automatically.
While the council has passed an advisory motion opposing such investments—aligned with New Zealand’s support for UN Security Council Resolution 2334—some candidates urge divestment over ethical concerns, citing potential complicity in human rights violations, while others warn of financial costs and advocate for influencing Mercer instead.
Los nuevos candidatos de Plymouth debaten la desinversión de las firmas vinculadas a los asentamientos israelíes, citando la ética frente al riesgo financiero.