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Article: International: Funds face line in sand over Sudan; Illinois may be first state to require divestment from African nation.(News)
- Article from:
- Pensions & Investments
- Article date:
- May 16, 2005
- Author:
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Cecily O'Connor
The Illinois House could pass as early as this week a measure that bars the state's public pension funds from investing in shares or doing business with companies that have ties to war-torn Sudan.
Pension funds outside of Illinois are feeling the political tension, too. California, Texas, New Jersey and New York have introduced legislation that would either require divestment or encourage public systems to steer clear of companies that do business in the region.
With Illinois now at the forefront, activists and officials in other states are hoping divestment will continue to gain momentum as a way to apply economic ...