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Article: Legislators to tackle bill calling for Iran divestment: act targets investments in petroleum industry.(NEWS)
- Article from:
- The Jewish Advocate (Boston, MA)
- Article date:
- August 10, 2007
- Author:
CopyrightCOPYRIGHT 2007 The Jewish Advocate, 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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In an attempt to halt Iran's nuclear program, local legislators and a Jewish group are working together to promote a bill that would put economic pressure on the Persian state.
Filed in the Massachusetts State House on July 30, the legislation encourages the Pension Reserves Investment Management Board of the Commonwealth of Massachusetts (PRIM) to sell securities in companies with investments in Iran's oil and natural gas industry, and to refrain from directly investing in such securities in the future.
According to State Rep. Antonio F.D. Cabral (D-New Bedford), the lead sponsor of the bill in the Massachusetts House of Representatives, the value of ...