Royal Dutch Shell Plc  .com Rotating Header Image Florida Acts Against Terrorism and Genocide

By Marc Schulman

Last Friday, the Florida Senate voted unanimously 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.

If passed next week by the House and signed by Governor Crist, Florida would be the first state to legislate divestment of pension fund holdings from Iran. The bill affects more than 40 companies, including Royal Dutch Shell.

The state pension fund now has more than $130.6-million invested in companies connected to Sudan and $833-million invested in targeted businesses affiliated with Iran.

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