California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

While many in the state last week listened to Governor Schwarzenegger’s address before
the General Assembly of the United Nation’s on climate change issues, it was not his
speech but his written statement that caught most Californians attention.

Schwarzenegger identified that he would sign legislation requiring California’s multi-billion dollar
state pension funds to divest their holdings in stocks from military and defense related companies
doing business with Iran.

Assembly Bill, AB 221 which passed the Legislature with no opposition is similar to the action
previously taken by the State last year regarding Sudan.

While the Governor and Legislature support green and clean industries, they apparently do not buy
into the Iranian position that their nuclear actions are for green and clean energy purposes given the
lack of forward looking energy and environmental policies. 

I am Tim Johnson and this has been the California Business Minute.