Israel News | Zionism Israel Center | Zionism History | Zionism Definitions | ZioNation | Forum | Zionism FAQ | Maps| Edit

Thursday, September 20, 2007

Divestment news - Good for a change

http://zionism-israel.com/israel_news/2007/09/divestment-news-good-for-change.html

Can this start a trend?
 
 
Thursday, September 20, 2007 - ?2005 IranMania.com
 
LONDON, September 20 (IranMania) - Florida's public employee retirement fund will divest nearly $1 bln and 300 mln invested with 21 companies doing business in Iran or Sudan, an action state officials hope will be imitated across the nation, The Associated Press (AP) reported.
 
The State Board of Administration authorized the divestiture Wednesday.
 
"You will be telling every one of these companies that from this day forward we won't invest another dollar, Florida's public dollars, in those companies," state Sen. Ted Deutch, the law's sponsor, told the board.
 
At least six other states have similar bans on investing in companies doing business in Sudan but Florida is the first to pass such a law applying to Iran, Deutch said.
 
The law bars investing pension money in any company doing business in Sudan or in Iran's energy sector because both countries are on the State Department's list of terror-sponsoring nations.
 
Iran is suspected of trying to develop nuclear weapons and Sudan for genocide in its Darfur region.
 
The 21 companies are among 57 the state has listed as off-limits. Florida does not currently have investments with the other 36 companies. Several other companies remain under investigation and could be added later.
 
Deutch said opponents have argued it would be too difficult to identify companies, possibly hundreds, doing business in the two countries. The number is not nearly so large and Florida already has identified them, he said.
 
The state relied mainly on research and findings by four outside organizations, the Sudan Divestment Task Force, Institute Shareholder Services, KLD Research & Analytics and the American Israel Public Affairs Committee.
 
None of the 57 companies listed are based in the United States. The state's largest investment, $303 mln, is with Royal Dutch Shell PLC, headquartered in London, which operates in Iran but not Sudan.
 
Shell spokeswoman Darci Sinclair said the company is monitoring Florida's law and similar proposals in other states and Congress to assess their potential affect on the company's operations.
 
"Royal Dutch Shell does have a presence in Iran (although currently only limited interests) and, like other energy companies, takes a long-term view of its operations," Sinclair said in an e-mail.
 


Copyright - Original materials copyright (c) by the authors. Originally posted at http://zionism-israel.com/israel_news/2007/09/divestment-news-good-for-change.html. Please do link to these articles, quote from them and forward them by email to friends with this notice. Other uses require written permission of the author.

0 Comments:

Post a Comment



<< Home


FREE EMAIL SUBSCRIPTION
Subscribe to
ZNN
email newsletter for this site and others

Powered by groups.yahoo.com


Feedblitz subcription
To this Blog only

You can receive our articles by e-mail. For a free subscription, please enter your e-mail address:


Preview | Powered by FeedBlitz

Web Logs & Sites

This Site

Zionism & Israel
Zionation Web Log
IMO Web Log (Dutch)

ZI Group
Zionism-Israel Pages
Israël-Palestina.Info (Dutch & English)
Israƫl in de Media
MidEastWeb Middle East News and Views
MidEastWeb Middle East Web Log

Brave Zionism
Israel: Like this, as if
Israel & Palestijnen Nieuws Blog

Friends and Partners
EinNews Israel
Israel Facts
Israel Proud Adam Holland
Middle East Analysis
Irene Lancaster's Diary
Middle East Analysis
Israeli-Palestinian Conflict
Israpundit
Israel Facts (NL)
Cynthia's Israel Adventure
Jeff Weintraub Commentaries and controversies
Meretz USA Weblog
Pro-Israel Bay Bloggers
Simply Jews
Fresno Zionism
Anti-Racist Blog
Sharona's Week
Z-Word Blog
Z-Word
Jewish State
Take A Pen - Israel Advocacy
Zionism on the Web
UN-Biased
ZOTW's Zionism and Israel News
Zionism On The Web News
ZOTW's Blogs
Christian Attitudes
Dr Ginosar Recalls
Zionism
Questions: Zionism anti-Zionism Israel & Palestine
Southern Wolf
Peace With Realism
Sanda's Place
Liberal for Israel
Realistic Dove
Blue Truth
Point of no Return
Christians Standing With Israel
Christians Standing With Israel - Blog
Liberticracia
CNPublications
SEO

Reference
Zionism
Anti-Semitism
Anti-Zionism
Encylopedic Dictionary of Zionism and Israel
Middle East Encyclopedia
Bible
Zionism and its Impact
Zionism & the creation of Israel
Zionism - Issues & answers
Maps of Israel
Christian Zionism Resources
Christian Zionism
Albert Einstein
Gaza & the Qassam Victims of Sderot
Islamism
Jihad
Zionist Quotes
Six Day War
Jew Hatred
Israel
Jew
Learn Hebrew
Arab-Israeli Conflict
International Zionism
Russian

Palestinian Campaign for the Academic and Cultural Boycott of Israel
Israel Boycott
Boycott Israel?
Amnesty International Report on Gaza War
Boycott Israel?
Dutch Newspaper Reporting: A Study of NRC Handelsblad
Hamas (Dutch)
Dries van Agt (Dutch)
Experimental
Isfake lobby
Mysterology

At Zionism On the Web
Articles on Zionism
Anti-Zionism Information Center
Academic boycott of Israel Resource Center
The anti-Israel Hackers
Antisemitism Information Center
Zionism Israel and Apartheid
Middle East, Peace and War
The Palestine state
ZOTW Expert Search
ZOTW Forum

Judaica & Israel Gifts
Jewish Gifts: Judaica:
Ahava Products
Mezuzah

Powered by Blogger

Subscribe to
Posts [Atom]


RSS V 1.0

International Affairs Blogs - BlogCatalog Blog Directory