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June 22, 2007       Share:    

Source: http://www.newsday.com/news/local/wire/newjersey/ny-bc-nj--iranmoney0621jun21,0,7886441.story?coll=ny-region-apnewjersey

New Jersey Targets Iran Investments

[AP/Newsday] Tom Hester Jr. - New Jersey Thursday moved closer to barring investment of state pension funds in companies doing business in Iran as the Assembly voted 78-1 to approve the legislation. "Divesting our finances from entities associated with Iran will send a clear message in the universal language of money that New Jersey will have no part in Iran's pursuit of actions that would lead to Holocaust-like genocide and the complete destruction of a sovereign nation," said Assemblyman Neil Cohen, D-Union, citing Iranian threats to Israel. New Jersey recently divested $2.16 billion from 17 companies doing business in Sudan.

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