Sudan divestment costs county $50,000

Montgomery County’s efforts at divesting from companies doing business in Sudan cost the county employees’ pension fund nearly $50,000 earlier this year, according to a new county report.

The County Council passed a law in April 2008 prohibiting managers of the county’s $2 billion Employment Retirement System from investing in companies doing business with Sudan’s government in an attempt to stop the conflict in that country’s Darfur region.