Measure would force CALPERS to divest from Iran

“California lawmakers are considering legislation that would force state pension funds to sell billions of dollars of shares in companies doing business with Iran.
The California Public Employees’ Retirement System, the largest U.S. pension fund, and the state teachers’ fund would have to unload shares in companies including BNP Paribas of France, Siemens AG of Germany and Eni SpA of Italy. ‘Who’s funding terrorism? It sure as hell shouldn’t be our public employees,’ said Joel Anderson, a Republican assemblyman from El Cajon who introduced the measure. `When you’re looking at the war on terrorists, this is one of the best weapons we have — just defunding them.’ Anderson estimated his legislation would affect $24 billion worth of investments.”