Richmond Becomes 2nd US City to Divest from Israel

"One thing we can do actively, is divestment. And thanks to the student movement, they brought it out to our attention again. It was the right time," says Richmond City Councilmember Soheila Bana, who co-authored the resolution.

Bana says Richmond has a pool of roughly $600 million to invest. But just a small percentage, around 7%, is likely invested in portfolios that hold companies the city will divest from, ABC 7 reported.

Defense contractors and arms manufacturers like Lockheed Martin, are obvious examples. But companies like Microsoft and Airbnb are also on the list.

"They have properties in the occupied region and advertise it as Israel. So, that is why they are on the list," Bana said.

"Settlements on Palestinian territory are illegal. It is not, at least under international law, allowed. Nonetheless, Airbnb hosts a lot of properties that are on illegally occupied land," said Shiva Mishek, chief of staff to Mayor Eduardo Martinez. She gave a detailed explanation of the legislation at Tuesday's city council meeting.

The resolution reads: "This restriction it is the city policy not to invest in a predetermined list of companies and their subsidiaries that are involved in Israel's violation of Palestinian rights."

But it also targets companies involved in exploiting prison labor, mass surveillance and issues at the border.

Israeli peace activist Dr. Dov Baum spoke at the city council meeting. She called the vote "historic" because it expands the debate on where and how American tax dollars are being spent.

"This is what it took. The genocide in Gaza is what it took to for people of conscious here in the U.S. to start moving money away from Israeli apartheid, occupation and genocide," said Baum, who is Jewish.

"Right now, for the Israeli genocide happening in Gaza, in fact, direct support of the U.S. sending more and more billions of dollars in weapons to Israel enables these crimes. And actually takes away from our ability to live, or to even imagine future of living in peace with Palestinians," she added.