Life

N.Y. pushes Sochi Games advertisers to speak out in support of LGBT rights

N.Y. pushes Sochi Games advertisers to speak out in support of LGBT rights
Thomas DiNapoliPhoto:

ALBANY, N.Y. — New York state Comptroller Thomas DiNapoli and New York City Comptroller John Liu are pressuring Olympic advertisers to speak out against Russia’s restrictions on gay and transgender rights before the Sochi Winter Games begin in February.

Thomas DiNapoli
Thomas DiNapoli

The officials on Thursday are leveraging $327 billion in assets in New York public pensions that are invested in many of the Winter Olympic advertisers.

DiNapoli says the companies and all publicly traded companies have an obligation to support responsible social policies and protect shareholders’ investment against associations with companies that don’t support human rights.

The New Yorkers also cite the Olympic Charter, which prohibits discrimination.

Advocates have protested Russia’s ban on “gay propaganda.”

The Worldwide Olympic Partners – among them Coca-Cola, McDonald’s and Visa – have sidestepped requests to condemn the law.

© 2013, Associated Press, All Rights Reserved.
This material may not be published, broadcast, rewritten, or redistributed.

Federal judge hears arguments on Utah’s same-sex marriage ban

Previous article

Pat Robertson on how to pray for your gay family member

Next article