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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Lawmakers calling for permanent fund to dump stocks of firms linked to Iran

Posted on 18 November 2011

Republicans and Democrats in the Alaska Legislature have sponsored bills requiring the state’s permanent fund and government retirement accounts to divest themselves of stock in companies that do business with Iran, citing the country’s threats to the world and its own citizens.
“I think this is a unique situation,” said Sen. Bill Wielechowski, D-Anchorage. “You have a country that is recognized as supporting terrorism, has recognized human rights violations, is creating a nuclear program that is a threat to the entire world, and that is using money from investments being made there to kill Alaskan and American soldiers.”…………………………………….Full Article: Source


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