San Diego County Supervisor Joel Anderson is urging the Board of Supervisors to conduct a comprehensive review of the county’s investments to ensure that none of the funds are inadvertently supporting Iran or organizations affiliated with the country. Anderson expressed concern that a portion of the county’s investments, potentially ranging from two to five percent, might be inadvertently funding companies that violate federal sanctions against Iran.
Anderson’s request stems from a growing national effort to scrutinize investments that could potentially support Iran, a country designated as a state sponsor of terrorism by the United States. Sanctions against Iran are in place to restrict the country’s ability to develop nuclear weapons and support terrorist organizations.
Anderson explained that the county’s pension funds, totaling billions of dollars, could potentially be invested in companies that indirectly support Iran. He emphasized the importance of ensuring that the county’s investments align with ethical principles and do not inadvertently contribute to entities that pose a threat to national security.
The Board of Supervisors is expected to consider Anderson’s request and determine the appropriate course of action for reviewing the county’s investments. The review aims to identify any potential investments in companies that violate federal sanctions against Iran and ensure that the county’s funds are not inadvertently supporting entities that pose a threat to national security.
