By GINGER ADAMS OTIS
July 24, 2007 — More than $28 billion in state pension funds have been invested in companies doing business with terrorist nations Iran, Syria, Sudan and North Korea, The Post has learned.
A breakdown issued by state Sen. Jeff Klein shows about 14 percent – or $10.4 billion – of the state’s $75 billion in equity assets has gone to firms that deal with Iran’s natural-gas and oil industries.
Another $17.4 billion is tied up in conglomerates that invest in Syria and Sudan. And North Korean investments account for about 1 percent – nearly $1 million – of the state’s pension portfolio, Klein said.
The Bronx Democrat has crafted legislation requiring state Comptroller Thomas DiNapoli to pull pension money out of companies like Coca-Cola, Chevron and Royal Dutch Shell, which do business with Iran, Syria, Sudan and North Korea.
“Here we are in New York, sending men and women overseas to fight the war on terror, and we are investing our pension funds in companies that in turn invest in countries that are in the business of promoting terrorism,” said Klein.
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