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New York Public Radio: New York Officials Protest Iranian Investments

WNYC Newsroom

NEW YORK, NY September 24, 2007 —Two New York lawmakers want the state to join a handful of other states that have divested holdings from Iran. Congressman Anthony Weiner and State Senator Jeff Klein say the city and state’s pension funds should divest of 22 companies that invest in Iran’s energy sector.

REPORTER: According to Congressman Weiner, these include Royal Dutch Shell – the parent company of Shell Oil – which has billions of dollars in Iran.

WEINER: If they don’t have support for their energy sector, if companies like Shell Oil no longer invest in Iran, Iran dries up and withers on the vine.

REPORTER: New York’s pension fund has $210 million invested in Royal Dutch Shell. In a statement, the company downplayed its Iranian investments.

http://www.wnyc.org/news/articles/86025

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