July 20, 2009
L.A. county to vote on Iran divestment
The Los Angeles County Board of Supervisors is due to vote on a Iran divestment motion.
The motion, which is expected to be voted on Tuesday, asks the county pension fund to divest from any assets or funds in companies doing business in Iran. It is aimed solely at companies assisting the Islamic Republic’s energy sectors.
“Iran has been identified by the State Department as the chief sponsor of international terrorism,” Supervisor Michael Antonovich, a sponsor of the motion with Zev Yaroslavsky, noted in a statement. “Economic sanctions, risk warnings, credit restrictions and other measures announced by the United States, European nations, and the United Nations, make business in Iran’s oil and natural gas sector an increasing fiduciary risk.”
Thirty Years After, an organization of young Iranian Jewish professionals, is urging residents to attend the hearing.