New Jersey Advocates Push for Divestment from Palantir Technologies Over Immigration Tracking Software
Advocates in New Jersey are calling for the State Investment Council to divest approximately $138 million in pension funds from Palantir Technologies due to its involvement in immigration tracking. This movement reflects broader concerns regarding the ethical implications of investing in companies that support surveillance and deportation efforts.
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New Jersey immigrant advocates are urging officials to divest $138 million in pension funds from Palantir Technologies, the creator of immigrant tracking software. The protests against Palantir, which began in September, are fueled by its partnership with the Israeli Defense Ministry and contracts with U.S.
Immigration and Customs Enforcement (ICE). Evidence suggests that investments in Palantir expose New Jersey to significant legal and reputational risks, contradicting the state's environmental, social, and governance policies.
Advocacy groups argue that Palantir's technology supports a system that undermines human rights. The protests have drawn attention from various political figures, highlighting concerns about the influence of AI companies in elections and their role in immigration enforcement.
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