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Article

11 Jun 2007

Author:
Paula Schaap, Financial News [USA]

Florida enforces divestment from Iran and Sudan [USA]

Florida has become the latest US state to pass a law requiring its public pension plans to sell off stakes in companies that invest in Iran or Sudan as political pressure on institutional investors mounts...The Florida State Board of Administration was not available for comment. Lawmakers have bolstered efforts to get public pension funds to divest from companies doing business with Sudan and Iran on the grounds that the countries engage in state-sponsored terrorism...[refers to Royal Dutch Shell, Gazprom, Total]