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June 11, 2007       Share:    

Source: http://www.chron.com/disp/story.mpl/ap/fn/4874642.html

Florida Bars Investment in Iran, Sudan

[AP/Houston Chronicle] Brian Skoloff - Florida became the first state in the nation Friday to have a law that its pension fund dollars cannot be invested in any companies doing business with Iran's energy sector and Sudan. "This is what's right for America, it's right for the world," said Gov. Charlie Crist. "It says [to] 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." About $1 billion of Florida state money is currently invested with companies that do business with Sudan and Iran's energy sector, said state Sen. Ted Deutch, D-Boca Raton, the bill's sponsor.

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