North Carolina divests $24 million in stock for Sudan ties

The North Carolina Retirement Systems, Raleigh, divested about $24 million in stock of nine companies that have monetary or military ties to the Sudanese government, confirmed Sara Lang, a spokeswoman for State Treasurer Richard Moore. The companies are Bharat Heavy Electricals, China Petroleum and Chemical Corp., Nam Fatt, Oil & Natural Gas Co., PECD Berhad, PetroChina Co., Sudan Telecom Co., Tatneft OAO and Videocon Industries Ltd. The $70 billion fund will continue to do its own research and work with other states and pension funds to identify other companies supporting the Sudanese government, according to a news release from the treasurer's office.