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Last update - 06:14 19/07/2007
Texas governor seeks divestment from companies dealing with Iran
By The Associated Press

The governor of Texas wants state pension funds to divest from companies doing business in Iran, a move advocated by Israeli officials he met with last month.

Gov. Rick Perry, a Republican, said Wednesday he is trying to determine whether he could begin the divestment process without legislation. If he cannot, he said he might call a special legislative session.

?This is a country that has a clear terrorist focus, has a clear mission to wipe a friendly democracy and a very close ally of the United States off of the face of the earth,? Perry said, referring to Iranian President Mahmoud Ahmadinejad's calls for the elimination of Israel.

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The effort mirrors similar moves in various U.S. states where lawmakers have been considering pulling investment from companies doing business with Iran, North Korea, Sudan and Syria.

Perry has already signed a bill the Legislature passed this spring that directs the $108.3 billion Teacher Retirement System and $24.9 billion Employees Retirement System to get rid of holdings in companies doing business in Sudan because of atrocities in Darfur.

A bill involving divestment from Iran died in the Legislature this spring.

Perry visited Israel last month courtesy of a firm called Global Capital Associates to accept a Friend of Zion award from the company. He met with Israeli Prime Minister Ehud Olmert and former Prime Minister Benjamin Netanyahu, who made the case for divestment, said Texas Secretary of State Phil Wilson, who was present at the meetings.

The governor's office has not yet totaled the amount affected if pension funds divested of companies with Iran ties, Wilson said. Officials with the funds also didn't have an immediate estimate of Iran-related investments.

?We think it's hundreds of millions of dollars,? Wilson said in Wednesday's edition of the Houston Chronicle.

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  1.   I Agree with Governor Rick Perry 06:47  |  Johnny Weintraub 19/07/07
  2.   I Agree with Johnny 08:09  |  Dr. R. 19/07/07
  3.   Good for Governor Perry. 08:20  |  Donna 19/07/07
  4.   Foolish Person 09:41  |  Samir Salameh 19/07/07
  5.   Israel jiggles its American strings 09:59  |  Clickfool 19/07/07
  6.   IRANIANS kill US servicemen,supplying Iraqi Shiite murderers 11:07  |  PETER SM 19/07/07
  7.   To Peter SM # 5 12:47  |  Sunni 19/07/07
  8.   Sunni @7 This is Bush`s second and last term in office 13:11  |  PETER SM 19/07/07
  9.   Perry, Texas, and oil 20:12  |  bobtr900 19/07/07
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