Indira Lakshmanan, in a Bloomberg column, highlighted the launch of UANI’s Iran Disclosure Project:
“Advocacy groups and 18 states including New York and Florida are trying to pressure businesses to leave Iran. United Against Nuclear Iran is starting a campaign today that may include legal action, said Mark Wallace, president of the bipartisan New York-based organization, whose founders include James Woolsey, former Central Intelligence Agency chief.
“The group wants to compel companies to disclose in U.S. Securities and Exchange Commission filings the financial risks to their Iranian business operations from political unrest and possible new sanctions. The first target is Royal Dutch Shell, the British-Dutch energy company headquartered in The Hague, Wallace said.
“Shell spokesman David Williams said if there’s international agreement on new sanctions, the company will comply.”
The column was featured on Business Week, Real Clear World and ABC’s The Note’s Must-Reads. The piece was also translated into Farsi in Iran.
The Iran Disclosure Project is an initiative to identify publicly-traded companies that have business dealings in Iran and ensure that such companies adequately inform investors of the legal and financial peril associated with such dealings. UANI calls on Royal Dutch Shell to disclose to its investors the full nature and extent of its activities in and the inherent risks of doing business in Iran.
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Phone: (212) 554-3296