Utah rejects terror-free investing
Missouri Treasurer Sarah Steelman is trying to go national with her campaign for terrorism-free investment portfolios. She has testified before Congress and has received some support in other states. But Utah isn’t buying the idea that it should screen out companies that operate in places like Sudan.
The Salt Lake Tribune asked Bob Newman, executive director of Utah Retirement Systems, about the concept, and he responded, “We are not in business to conduct foreign policy.” He added:
The concern we have is, while the State Department has identified terrorist countries, they have never identified companies specifically that we should not do business with.
Steelman basically called that response a cop-out. “I believe every dollar makes a difference in this fight,” she told the Tribune.
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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
