Tuesday, March 22, 2005

Divest Against Terror

Finally, detailed research revealing which companies are responsible for propping up the murderous regimes of Iran, Saddam Hussein's Iraq, Libya, North Korea, Sudan and Syria. In particular the report picks out 12 companies to exemplify the strategy of divesting from corporations making money from terror: Alcatel SA, BNP Paribas, ENI SPA, Hyundai,Lundin Petroleum, Oil & Natural Gas Corp., Siemens AG, Statoil ASA, Stolt Nielsen, Technip Coflexip, Total SA, UBS AG.
"Terrorism Investments of the 50 States" is the first national security-based statistical analysis of the investment patterns of America's public pension funds. This report proves empirically that this nation's largest and most prominent public pension systems tend to be heavily invested in global publicly traded companies that have business activities in terrorist-sponsoring states.

Together, these funds invest over $1 trillion in stock alone on behalf of this country's fire fighters, police officers, teachers, state and local officials and other public employees, making this collection of funds one of the most powerful investment blocks in the world. Given this extraordinary financial influence and the important role played by public companies in the economies of terrorist-sponsoring states3,the Center for Security Policy has reached a key finding: America's 100 largest and most prominent pension systems have the power to help defeat terrorism.
No doubt the World Council of Churches will be the first to purge its investments of morally repugnant companies.

0 Comments:

Post a Comment

<< Home