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Topic: Fidelity Investments
By Beth Robinson | June 24, 2009 |
I tend to ignore voting on issues where I receive proxy materials in the mail for my 401k retirement accounts. However, Fidelity Investments has a proposal pending to prohibit fund managers from investing in companies contributing to genocide, or crimes against humanity. Obviously, I am not in favor of contributing to genocide in Sudan, or any place else.
This is valiant attempt by some shareholders to influence a huge corporation’s policies. This is not a theoretical proposal, you see Fidelity was one of the largest holders of PetroChina, which through its parent company, the China National Petroleum Company, is providing funding that the Sudanese government uses to conduct its genocide in Darfur.
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