abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

13 Dec 2005

Author:
Marc Lifsher, Los Angeles Times

CalPERS Pressures 3 European Companies

The California Public Employees' Retirement System threatened Monday to sell its investments in three European companies [ABB, Alcatel, Siemens] if they didn't sever relations with the government of Sudan, which human rights groups and some governments have accused of complicity in mass killings in the Darfur region... In addition, two big oil companies in which CalPERS owns stock, Royal Dutch Shell and France's Total, were put on notice that they would be scrutinized further, even though a preliminary CalPERS investigation found that their Sudanese subsidiaries do no business with the government of [Sudan].