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US Co. Plans to Invest in Iran`s Energy Sector

Wednesday December 17, 2008 (2047 PST)


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Codepink Women for Peace has announced plans to launch a new company that will invest in an Iranian wind energy company, allowing Americans to show support for peace and sustainability in Iran.

The company, called Winds of Change, will sell shares for $5 each. The shares will give investors an opportunity to support the Saba Niroo Wind Company, based in Tehran, and the campaign to end sanctions.

Saba Niroo designs, develops and manufactures medium and large wind turbines, with a commitment to furthering the development of pollution-free energy to improve the health of our environment.

The US Government has not only opposed Iran`s nuclear program, but it has also stymied Iran`s attempt to develop other energy alternatives. Recent US pressure on the Danish wind company Vestas has stopped Vestas from providing Saba Niroo with critical parts, halting production.

Washington and its Western allies accuse Iran of trying to develop nuclear weapons under the cover of a civilian nuclear program, while they have never presented any corroborative evidence to substantiate their allegations. Iran denies the charges and insists that its nuclear program is for peaceful purposes only.

Tehran stresses that the country has always pursued a civilian path to provide power to the growing number of Iranian population, whose fossil fuel would eventually run dry.

Iran is under three rounds of UN Security Council sanctions for turning down West`s calls to give up its right of uranium enrichment, saying the demand is politically tainted and illogical.

Iran has so far ruled out halting or limiting its nuclear work in exchange for trade and other incentives, saying that renouncing its rights under the NPT would encourage world powers to put further pressure on the country and would not lead to a change in the West`s hardline stance on Tehran.

Iran has also insisted that it would continue enriching uranium because it needs to provide fuel to a 300-megawatt light-water reactor it is building in the southwestern town of Darkhoveyn as well as its first nuclear power plant in the southern port city of Bushehr.

"It`s ironic that the West is so vehemently opposed to Iran`s efforts to develop nuclear energy, but it is sabotaging our efforts to develop clean energy sources like wind," said Nader Niktab, Sara Niroo`s managing director.

By supporting wind energy in Iran, investors will not only aid the environment but improve the political climate by breaking down trade barriers between the United States and Iran.

"Under present US law, companies that invest in Iran are subject to a $1 million fine," said Medea Benjamin, Codepink co-founder. "We`re challenging those unproductive restrictions and pushing the Obama administration to lift sanctions and establish peaceful relations with Iran."

Benjamin will present the initial elements of the plan this weekend in Chicago to the fourth annual assembly of the nation`s leading peace and justice coalition, United for Peace and Justice. At the Assembly, delegates from the UFPJ`s 1,400 member groups - as well as from those who have not yet joined UFPJ - will come together and map out effective plans to fight two wars and economic disaster under the administration of President-elect Obama.

Benjamin and other Codepink women will also present a "Let`s talk!" initiative, a plan to gather a broad spectrum of peace, justice and progressive groups together and invite President-elect Obama to meet with them to discuss promises he made during his campaign, question his Cabinet choices, and ask how he plans to be an agent for peace.

Benjamin, co-founder Jodie Evans and (retired) Col. Ann Wright were inspired to invest in Saba Niroo during their recent citizen diplomacy trip to Iran as citizen diplomats, meeting with Iranian officials and people to create human connections and foster understanding between the two countries.

Codepink is a women-initiated grassroots peace and social justice movement working to end the war in Iraq, stop new wars, and redirect the United States` resources into healthcare, education and other life-affirming activities.

Codepink rejects the Bush administration`s fear-based politics that justify violence, and instead calls for policies based on compassion, kindness and a commitment to international law. With an emphasis on joy and humor, Codepink women and men seek to activate, amplify and inspire a community of peacemakers through creative campaigns and a commitment to non-violence.

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