Florida to divest pension funds from Iran, Sudan

By
June 9, 2007 02:34

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Florida became the first US state on Friday to outlaw pension fund investments in any companies doing business with Iran's energy sector and with Sudan. Several other states have divested pension funds with companies doing business in Sudan and some states have general policies against such investments. But none had put the action into law. "It's not just what's right for Florida. This is what's right for America, it's right for the world," Gov. Charlie Crist said after signing the bill. "It says that Iran, the world's leading sponsor of terror, we will not stand idly by anymore. And to Sudan and the genocide that is occurring there, we will not stand idly by and let that happen anymore, not Florida." About $1 billion (€750 million) of Florida state money is currently invested with companies that do business with Sudan and Iran's energy sector, said state Senator Ted Deutch, the bill's sponsor.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

U.S. financier Jeffrey Epstein (C) appears in court where he pleaded guilty to two prostitution char
July 17, 2019
Jeffrey Epstein's treatment is 'worse' because of his wealth, his lawyers say

By REUTERS

Cookie Settings