Calpers says no to Sudan investments

The California Public Employees’ Retirement System won’t be investing in nine companies that do business in Sudan, until that country’s government halts ongoing genocide.

The companies that the CalPERS Board of Administration voted not to invest in are Bharat Heavy Electrical Ltd., China Petroleum and Chemical Corp., Nam Fatt Co., Oil & Natural Gas Co., PECD Bhd., PetroChina Co., Tatneft OAO and Videocon Industries Ltd.

“There is no place for these companies in our investment portfolio until the atrocities and human rights violations end,” says CalPERS Board President Rob Feckner.

The move is subject to legislation that would require the State of California to indemnify CalPERS from any financial loss from the mandate.