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Tuesday, 20 March 2007
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Does your pension plan help terrorsts? Interesting Website
DivestTerror.org
Divest Terror Mission Statement
 
Do you own stock in companies that do business with state sponsors of terrorism?

Throughout our history, Americans have risen to the challenge of defending our beloved country and our liberty. Following the 9/11 attacks, however, most Americans felt powerless to respond to the tragic attacks in New York and Washington, DC. Powerless to express meaningfully their outrage. Powerless to help defeat terrorism. What we did not realize -- until now -- was that each and every one of us actually can play a pivotal role in winning the War on Terror. How? By demanding that our public and private pensions plans, college endowments, individual retirement account managers, 401(k) plans, and other investment vehicles exploit the leverage represented by investments in publicly traded companies that operate in terrorist-sponsoring states. In a unified front, we should make the pledge that "This is my money and it will not go to support terror." DivestTerror.org is a nationwide campaign aimed at some 400 public companies worldwide that are providing revenues, technology and moral cover to governments that sponsor terrorism.

The primary objective of this campaign is to force governments to choose between their sponsorship of terrorism and critical partnerships with publicly traded firms.

It seems the great state of Pennsylvania shows up on the list!

 

Pennsylvania

Pennsylvania Public School Employees’ Retirement System - PPSERS
Companies Held by PPSERS with Ties to:
Iran 110
Saddam’s Iraq 22
Libya 30
North Korea 16
Sudan 33
Syria 37
The 145 Companies that PPSERS is Invested in Are Involved in Projects in Terrorist-Sponsoring States Worth, at a Minimum,
$36,823,215,000

Similar numbers show up for the two funds below

Pennsylvania State Employees Retirement System
Philadelphia Board of Pensions & Retirement

Info is from this PDF file starting on page 94

Last Updated ( Tuesday, 20 March 2007 )
 
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Divest Terror - The primary objective of this campaign is to force governments to choose between their sponsorship of terrorism and critical partnerships with publicly traded firms.