The debate over Alameda County’s investment policies has been raging since December, when Alameda County Treasurer Henry Levy sold the county’s holdings in Caterpillar Inc. as the company faced accusations of supporting illegal Israeli settlements amid the political firestorm over Israel’s war in Gaza.

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The Board of Supervisors directed Levy to create an ethical investment policy for its $10 billion investment portfolio. Alameda County, which previously boycotted apartheid in South Africa in the 1990s, has not been shy about stepping into the political fray. Meanwhile, supporters of the policy have lobbied hard for it, and opponents have just as vehemently claimed that it is not actually about avoiding companies that do business with human-rights violators around the glob

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