GEO Group, a private prison company that runs detention facilities where several migrants have died due to lack of medical care (the subject of a 2016 Human Rights Watch report), can count public state funds among its investors.
GEO Group - whose migrant transportation has been described as "a prison bus just for babies" - currently runs the largest ICE detention facility & is profiting heavily on Trump's family separation policy.
ATTN: Public state employees and teachers in AK, AZ, CA, FL, OH, NY, & TN - your pension funds and retirement plans are helping fund this!
Alaska Retirement Mgmt Board ($1.42 m. currently invested in GEO Group)
Arizona State Retirement System ($1.72 m.)
California State Teachers Retirement System ($3.82 m.)
California Public Employees' Retirement System ($5.67 m.)
Florida State Board of Administration ($1.38 m.)
State Teachers Retirement System of Ohio ($4.35 m.)
Ohio Public Employees Retirement System ($1.87 m.)
New York State Teachers' Retirement System ($3.4 m.)
New York State Common Retirement Fund ($2.74 m.)
Tennessee Consolidated Retirement System ($1.84 m.)
• • •
Missing some Tweet in this thread? You can try to
force a refresh
On the 2 yr anniversary of the @Edu4MigrJustice campaign launch, @ESGtransparency is sharing the groundbreaking report that led CalPERS, the US’ largest pension, to divest from for-profit prison giants CoreCivic & GEO Group.
I'll be adding to this 🧵throughout the day to highlight some of the most shocking & important details from the report (and help break them down into English).
GEO doesn't have insurance for "claims related 2 employment matters," which likely applies 2 claims in all 3 class-action suits. In a '19 SEC filing, GEO identifies "an⬆️in unreimbursed labor rates" & their “exposure to⬆️employee & inmate med costs” as threats 2 their bottom line
From a reporter friend on the ground: family of the student who tested positive for #COVID2019 in 1 of St. Louis’ most affluent neighborhoods (after traveling to Italy) are defying quarantine. Father & sister went to a school dance, mom went grocery shopping & got her nails done.
While student’s family were supposed to be in quarantine while daughter was tested for #COVID2019, the mom went to Gourmet to Go, the @SchnuckMarkets in Clayton/Ladue, Lifetime Fitness, & got her nails done.
Translation: #COVID2019 is hitting the rich, white, republican, private school crowd in St. Louis.
As the administration continues forcibly separating migrant children from their families, the administration is looking to build a new facility to detain 450 unaccompanied children in San Antonio, Texas. #CloseTheCamps#NeverAgainIsNowfbo.gov/index?s=opport…
Folks, YOUR VOICE MATTERS HERE!
When I sounded the alarm about a similar attempt to build another #ConcentrationCamp for kids in CA's Inland Empire, the mobilization effort & huge push back prompted a public statement from a state rep & forced the gov't to ABANDON ITS PLAN.
If you know people in the area, start tagging! A couple people is all it takes to kickstart a pushback from the #resistance
Woah, weird. I've just learned that I actually had nothing to do with CalPERS divesting. Apparently this was all the work of @CFA_News (according to them). Can someone help me figure out what I've been spending my time doing these past 15 months? My memory is suddenly fuzzy.
@CFA_News Would it be bad form to do a quick side-by-side comparison of the resolution CFA passed vs the ones that were introduced at other unions? (hint: they were all drafted by the same person). Or maybe those call logs where I had to convince them why they should support the campaign?
@CFA_News Or maybe those emails where they kept asking what they should say during public comment because they didn't have a clue?
Divestment simply refers to the sale of assets in a company. CalPERS made the decision to sell its holdings in CoreCivic and GEO Group. Ergo, CalPERS divested.
I'll go ahead and @CalPERS and their chief of public affairs, @WayneBDavis, on this one.
On Friday, CalPERS told one union they decided to cut their investments in CoreCivic and GEO Group based on a 30 day portfolio review.
Now they're saying they made the decision after their new CIO initiated a comprehensive review of their investments back in January.🤔