Mass. pension fund divests of companies with Iran ties

[bananas]

"The decision by the nearly $50 billion Massachusetts fund ... follows similar divestitures by other states including New York, Florida and Georgia"
Good - divestiture was very effective in ending apartheid.

http://www.iranfocus.com/en/index.php?option=com_content&view=article&id=24325:mass-pension-fund-divests-of-companies-with-iran-ties&catid=4:iran-general&Itemid=26

Mass. pension fund divests of companies with Iran ties
Tuesday, 03 January 2012

(Reuters) - The Massachusetts public employees pension fund has divested all of its stakes in companies with major ties to Iran's energy industry, joining a campaign to pressure the country to stop developing nuclear weapons, state Treasurer Steve Grossman said on Tuesday.

The decision by the nearly $50 billion Massachusetts fund, called Pension Reserves Investment Management, follows similar divestitures by other states including New York, Florida and Georgia, Grossman said by telephone.

"Massachusetts's efforts are very much in concert with the sanctions being imposed by Washington and Europe," he said in a statement.

<snip>

New York is considering additional ways of further isolating Iran. Companies and individuals that invest in Iran's energy sector would be barred from doing business with New York state and its counties, cities and towns, under a bill proposed by the Democratic Assembly speaker.

(Reporting By Joan Gralla; Editing by Leslie Adler)

[FBaggins]

1. Did you mean to post that here?

A good article, but I don't see the connection to E/E.

[bananas]

2. I absolutely meant to post it here, because it absolutely belongs here.

Proliferation is one of the major problems with nuclear energy.

[FBaggins]

4. You're right. It makes sense.

I didn't see that it was specifically their energy sector that was being shunned... I assumed it was the entire country. The title threw me off.

[bananas]

3. "divested all of its stakes in companies with major ties to Iran's energy industry"

Nothing gets past you!

[Kolesar]

5. Siemens' load centers are now being sold at home centers like Home Depot

I am referring to "circuit breaker boxes".
I will buy Square D, Eaton, or GE next time.