Mia Farrow sent a letter last year about Fidelity's investment in PetroChina. PetroChina, a Chinese oil company, is one of the worst offenders in helping fund the genocide in Darfur. With PetroChina's help, the government of Sudan uses its oil revenue to provide arms and funding for the genocide. I e-signed many petitions to put pressure on Fidelity to divest this bad choice. I thought they did, but maybe not enough. I'm concerned to learn that Franklin Templeton, JP Morgan Chase and Vanguard have also bloodied their hands -- and my money -- in funding these horrors.
We can't say we didn't know.
As many as 400,000 people have been killed in Darfur. Another 2.5 million have been driven from their homes and into danger. The threat of rape, torture, murder and starvation pursue the women, men and children of Darfur wherever they flee.
Of US-based investment firms, Franklin Templeton, JP Morgan Chase, Capital Group/American Funds, Fidelity, Vanguard, have the largest holdings in PetroChina.
Safe Darfur is launching a new campaign to call on these companies to divest from PetroChina, Sinopec, Petronas, ONGC, and other companies that help fund genocide in Darfur.
This is actually a bit of a shocker, but following a campaign by the Save Darfur Coalition and its partners, Berkshire Hathaway sold as much as 70% of its holdings in PetroChina.
If you also want to help bring peace to Darfur, please join me in ramping up the pressure on US firms to divest their holdings in companies that help fund the genocide by doing business with the government of Sudan.
Click here to sign the Divest for Darfur petition.
Saturday, October 13, 2007
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1 comment:
Amen, sista!
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