Iran General NewsNo. 3 U.S. pension fund reviews Iran investments

No. 3 U.S. pension fund reviews Iran investments

-

Reuters: Calstrs, the third-largest U.S. pension fund, said on Friday it is calling on 13 energy companies in its $171 billion investment portfolio to reconsider their investments in Iran. SAN FRANCISCO, June 8 (Reuters) – Calstrs, the third-largest U.S. pension fund, said on Friday it is calling on 13 energy companies in its $171 billion investment portfolio to reconsider their investments in Iran.

The California State Teachers’ Retirement System, best known as Calstrs, said in a statement its board has told staff to press the companies identified by the American Israel Public Affairs Committee over their business with Iran.

The pension fund said it estimates it has $1.4 billion invested in the companies.

“Calstrs has never and will never tolerate support of terrorism,” said Dana Dillon, chair of the fund’s board. “In the strongest words possible, we urge these businesses to consider the growing risk to their investment value by continuing their current activities.”

Among the companies are Eni , Gazprom , Indian Oil Corp. , INPEX Holdings Inc. <1605.T>, Petrobras , Repsol , Royal Dutch Shell Plc and Statoil .

Calpers, the California Public Employees’ Retirement System, has rejected calls to divest its holdings in foreign companies doing business in Iran. The sister fund to Calstrs and largest U.S. pension fund has historically resisted such calls.

California lawmakers are considering legislation urging the two pension funds to divest their holdings in companies with business in Iran.

Latest news

Open Letter to Rt. Hon. Boris Johnson, MP To Support the Iranian Resistance

Since 2004, after the failed coup against the Iranian Resistance in 2003, carried out by the then French government...

Iranian Regime Ignores Its Main Demand in the Qatar Talks

On the evening of Friday, June 24, the High Representative of the European Union Josep Borrell traveled to Iran...

Regime’s Negligence Makes Iran the Main Loser in Oil Competitions

Last Friday, the Iranian regime’s president Ebrahim Raisi claimed in a meeting that his regime could be a 'stable'...

Dez River Joins the Dried-Up Rivers of Iran

The Iran regime’s insistence on pointless dam construction and the diversion of the rivers has dried up another river...

Iran’s Bankrupted Pension Funds

Four of the Iran regime’s pension funds are currently unable to pay their retirees' salaries and benefits from internal...

Iran’s Pharmaceutical Industry on the Verge of Extinction

In Iran, patients with unique and critical diseases are experiencing intimately suffer from a dire drug and medicine supply...

Must read

Iranian actress receives 18-month jail sentence

AFP: An Iranian court has sentenced filmmaker and actress...

Iran: Tax Pressure on the People and Exemption for the ‘Super Rich’

In a critical situation where most of the Iranian...

You might also likeRELATED
Recommended to you