ONGC’s Sudan deals come under attack [India]

Author: Lison Joseph, LiveMint [India], Published on: 30 June 2008

Amnesty International, Genocide Intervention Network (GIN) and Investors Against Genocide have launched targeted campaigns after GIN’s Sudan Divestment Task Force report identified ONGC as among the top four “highest offenders” indirectly contributing to the ongoing conflict in Sudan... ONGC has invested nearly $1 billion…in Sudanese oilfields... Activists claim that ONGC is stonewalling efforts by both activists as well as investors to engage the company on its operations in Sudan... Asked about the human rights issues involved in the company’s Sudan operations, ONGC spokesperson M. Selva Pandian said the company acknowledged the “ethical question” involved and the “big dilemma” that it poses. “However,...[it] is not really in our hands, we follow the directions given by the Indian government,” the spokesperson added. [also refers to China National Petroleum Corp., Petroliam Nasional Berhad (Petronas), China Petroleum and Chemical Corp. (Sinopec), Greater Nile Petroleum Operating Co., White Nile Petroleum Operating Co. (joint venture Petronas, Sudapet), American Funds (part of Capital Group), Fidelity, Berkshire Hathaway, T Rowe Price]

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Related companies: American Funds (part of Capital Group) Berkshire Hathaway Capital Group China National Petroleum Corporation (CNPC) Fidelity Investments Greater Nile Petroleum Operating Company (GNPOC) ONGC (Oil & Natural Gas Corporation) Petronas Sinopec Sudapet T. Rowe Price