Friday, April 25, 2014

Meet The Companies That Just Promised To Pull 60 Million Dollars From Private Prisons

Three investment groups announced this week that they will divest from the two major private prison corporations that constitute a massive share of America’s prison-industrial complex.

Scopia Capital, DSM, and Amica Mutual Insurance have all pledged to remove their collective investments of about $60,000,000 from the Corrections Corporation of America and the GEO Group — the two prison companies that own 75 percent of the nation’s private prisons. The decision to divest comes on the heels of pressure from Color Of Change, a racial and economic justice advocacy group that ran a campaign asking a total 150 companies to stop investing in the private prison industry.

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