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Finance: Darfur Groups Ask U.S. Funds to Drop Chinese Oil Majors

Author: Abid Aslam, IPS News (Inter Press Service), Published on: 5 September 2007

Activists have launched a bid to shame some of the world's largest mutual fund companies into dumping Chinese oil majors they accuse of complicity in what the U.S. government calls genocide in western Sudan's Darfur region... Activists want U.S.-based Franklin Templeton Investments, JPMorgan Chase, Capital Group's American Funds, Fidelity Investments, and Vanguard Group to sell their shares in PetroChina and the firm from which it was spun off, the China National Petroleum Corporation (CNPC)... [includes responses by Franklin Templeton, Vanguard, Fidelity] Capital Group and JPMorgan Chase were unavailable for comment Wednesday. [also refers to Wellington Management]

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Related companies: American Funds (part of Capital Group) Capital Group China National Petroleum Corporation (CNPC) Fidelity Investments Franklin Templeton JPMorgan Chase PetroChina (part of China National Petroleum Corporation) Vanguard