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Amnesty USA & investor coalition calls on banks that own stock in oil companies in Sudan to press for change change in Darfur

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28 November 2007

Progress Report [responses & link to list of firms that have not responded]

Author: Amnesty International USA

Scroll down to find out how particular investment firms are responding to our request that they use their influence to support human rights in Sudan.
[Responses by Aberdeen Asset Management, Axa, Axis Bank of India, Citigroup, Credit Suisse, Deutsche Bank, ING, KBC, Merrill Lynch, Morgan Stanley, T. Rowe Price, UBS, Vanguard, Wells Fargo.
Links to list of investment firms that have not responded: Berkshire Hathaway, Blackstone Group, Brown Capital Management, Capital Group, Eaton Vance, Fidelity Investments, FirstCity Financial, Franklin Templeton, Lazard, Principal Financial Group, Renaissance Technologies, Schafer Cullen, Thornburg Investment Management, ABN Amro, AGF Management, Allianz, AMMB Holdings, ASM Asset Management [part of Amanah Saham Mara Berhad], ECM Libra Avenue, Edmond de Rothschild Group (LCF Rothschild), Haitong Securities, Housing Development Finance Corp (HFDC), Invesco, Pacificmas, Pictet, Prudential PLC, Sumitomo Mitsui Financial (part of Sumitomo Group)]

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1 November 2007

Shareholders and NGOs unite to press the Big 4 to encourage implementation of UNAMID [Sudan]

Author: Amnesty International USA

...[A] joint letter, sent September 24th, 2007 and signed by institutional investors and NGOs, call[ed] on the top 20 investment firms with holdings in the publicly traded subsidiaries and spin offs of the Big 4 companies with operations in Sudan: China National Petroleum Corporation (CNPC), China Chemical and Petroleum Corporation (Sinopec Corp), Petroliam Nasional Berhad (Petronas), and Oil and Natural Gas Corporation of India-Videsh (OVL); to exercise their shareholder rights to engage these companies in an effort to increase pressure on the Government of Sudan [for change in Darfur]... Enclosure 3 [included with the letter] provided a summary of possible engagement points that the firm could use to encourage the companies in which they are stockholders to be more responsive to the human rights crisis in Darfur.

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