Friday, January 14, 2011

Tampa City Council Candidate Discusses Link Between Local Pension Funds And Iran

Seth Nelson is a friend, a fellow family law attorney, and a candidate for Tampa City Council's District 3 city-wide seat.  Seth recently wrote an article for Tampa Bay Online which discusses how international fund managers for the Tampa General Employee Pension Fund invest dollars into companies that do business with Iran.  Below is an excerpt:

America and its international allies have imposed sanctions to hamper Iran's ability to attract investment in its energy sector, which persists in enriching uranium and developing nuclear technology. Tampa cannot allow its sizable pension to support companies that undermine America's efforts.
The pension board's consultant asked me whether I believed there would be any impact on Iran by changing Tampa's guidelines. Of course, we should do what's right even if doing so were only symbolic. But in this case doing what's right will indeed have an impact because every dollar matters.
You can learn more about Seth Nelson and his campaign at