MiaFarrow.org

 Humanitarian and Advocacy Information

mia farrow

mia farrow's images on flickr

|    DARFUR ARCHIVES
|    PHOTOS     
|    LINKS     
|    EDITORIALS     
|    WHAT YOU CAN DO     
|    DIVESTING
|    FEATURES     
|    JOINT STATEMENT         
|    VIDEOS
|    POWERPOINT

Follow Mia's blog
Click here to see my photo journal from Central African Republic and Chad
Read "The Ones Who Walk Away From Omelas" by Ursula K. Le Guin
View a timeline of events in the humanitarian crisis in Darfur
 

Archives

« Newer Posts | Older Posts »

July 15, 2009

SHAME on FIDELITY
Investors Against Genocide is asking mutual fund companies such as Fidelity to disengage from investing in a handful of companies - most notably PetroChina  and its parent China National Petroleum Corp. - that have links with the Sudanese government, which has been using the oil revenues to finance genocidal attacks upon civilians in the Darfur region.

Fidelity has repeatedly urged shareholders to vote against the proposal.  
In a statement on its Web site, Fidelity says it is "sensitive to the ongoing tragedy" in Darfur and "repulsed by genocide," but it  has rationalized “ that when it is appropriate to remain actively invested in a company, we will do so, thus retaining the ability to oppose company practices that we do not condone," the company said. "This, in the long term, may have the greatest chance of ending those practices."

 I withdrew my own nest egg from Fidelity for obvious reasons.


 
 
«Newer Posts | Older Posts »