Wednesday, May 02, 2007

Florida Senate approves bill telling funds to divest from Sudan and Iran

From the St. Petersburg Times courtesy of TMV

Florida looks to lead charge on businesses in Iran, Sudan

TALLAHASSEE - The state of Florida may soon sell pension funds invested in some companies that do business with Iran and Sudan.

State senators on Friday unanimously voted in favor of a bill that would require divesting pension funds from companies doing business with the petroleum sector in Iran and the government of Sudan, where the Darfur region has been bloodied by violence that by some estimates has left more than 400, 000 people dead and 3-million people homeless.

Sen. Ted Deutch, D-Boca Raton, sponsored the legislation. Deutch said there's no reason for the state to invest in genocide and terror, and Florida residents "don't want their money being used this way." more