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[New York Times] Jad Mouawad - Some of the nation's largest public pension funds are leaning on European and Asian oil companies to reconsider their investments in Iran. In letters citing the risk that international sanctions might jeopardize their investments, a coalition of funds from New York, California, North Carolina and Illinois has cautioned eight foreign energy companies working in Iran about investing there. These pension funds hold $3.7 billion worth of shares in energy companies involved in Iran. The letters were sent to Royal Dutch Shell, Total of France, Repsol of Spain, Eni of Italy, and Gazprom of Russia. In Asia, they were sent to the China National Petroleum Corporation, the Oil and Natural Gas Corporation of India, and Inpex Corporation of Japan. 2007-07-25 01:00:00Full Article
Pension Funds Pressure Oil Companies on Iran Links
[New York Times] Jad Mouawad - Some of the nation's largest public pension funds are leaning on European and Asian oil companies to reconsider their investments in Iran. In letters citing the risk that international sanctions might jeopardize their investments, a coalition of funds from New York, California, North Carolina and Illinois has cautioned eight foreign energy companies working in Iran about investing there. These pension funds hold $3.7 billion worth of shares in energy companies involved in Iran. The letters were sent to Royal Dutch Shell, Total of France, Repsol of Spain, Eni of Italy, and Gazprom of Russia. In Asia, they were sent to the China National Petroleum Corporation, the Oil and Natural Gas Corporation of India, and Inpex Corporation of Japan. 2007-07-25 01:00:00Full Article
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