Israel to U.S. : Now Deal with Syria and Iran Message Board

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Politics : Israel to U.S. : Now Deal with Syria and Iran

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To: Crimson Ghost who wrote (16057)	8/14/2007 2:15:52 PM
From: sea_urchin	Read Replies (1) of 22250

Crimson > Among such companies – already marked out by a US campaign to disinvest in energy companies that trade with Iran – are Royal Dutch Shell, Total of France and Repsol of Spain. So they'll have to find investors elsewhere, not the end of the world. > Public sector pension funds such as Calpers and Calstrs, the giant California pension plans, are opposed to any forced divestments of companies involved in Iran. They have argued the move would be counterproductive as it would hurt their returns and restrict their ability to provide for billions of dollars in pension liabilities. Too bad for them. Had they invested in Israel this problem wouldn't have arisen so they should remember that for next time. > Diplomats from France, Germany and the UK, among other countries, have stepped up a lobbying campaign on Capitol Hill against moves that would mandate sanctions on energy companies that invested more than $20m (€14.6m, £9.9m) in Iran They are wasting their time, their money and their breath. The bill will be passed as well as the one introduced by Lantos to remove the President's right to interfere.

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