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Title: Church of England sells Vedanta stake over human rights concerns
Visit: Church of England sells Vedanta stake over human rights concerns
Author:
Kathryn Hopkins, Guardian [UK]
Dated:
05 Feb 2010
The Church of England said today that it has sold its £2.5m stake in Vedanta Resources… over concerns about its human rights record. The church has been under mounting pressure over the past six months to disinvest in the…company after it has continually refused to back down on its plans to construct an open-cast mine on Niyamgiri mountain in Orissa, India. Activists believe it will destroy the area's ecosystem and threaten the future of the 8,000-strong Dongria Kondh tribe... "We are not satisfied that Vedanta has shown, or is likely in future to show, the level of respect for human rights and local communities that we expect," said the church in a statement…Vedanta has yet to comment on the church's decision. [also refers to disinvestment by Martin Currie Investment Management, BP]
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