The State of New Jersey officially divests from Talisman Energy, February 7, 2000

And more waiting in the wings— State of New Jersey SELLS OFF TALISMAN PENSIONS & INVESTMENTS (WCPI); Page: 1; 7 February 2000. The $82 billion New Jersey Division of Investment has sold all of its 780,000 shares in Canadian oil company Talisman Energy, despite the positive performance of the company’s stock. The shares were sold [...]

And more waiting in the wings—

State of New Jersey SELLS OFF TALISMAN

PENSIONS & INVESTMENTS (WCPI); Page: 1; 7 February 2000.

The $82 billion New Jersey Division of Investment has sold all of

its 780,000 shares in Canadian oil company Talisman Energy, despite

the positive performance of the company’s stock. The shares were

sold at $44 each. The $82 billion fund began selling stock in

October after becoming concerned with its performance prospects,

said Steven Kornrumpf, director.

Talisman received bad press because of its involvement in the

Sudanese oil project Arakis, according to the American Anti-Slavery

Group.

***Mr. Kornrumpf said Sudan’s “horrible human rights record” was the

major contributing factor to the fund’s fear of poor returns.***

Dave Mann, head of investor relations at Talisman, did not return

calls for comment by press time.