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Article

18 Jan 2008

Author:
Foo Yun Chee, Reuters

PGGM excludes PetroChina from fund over Sudan

Dutch pension fund PGGM said it would exclude PetroChina [part of China National Petroleum Corp (CNPC)] from its 88 billion euro fund because of the Chinese oil firm's activities in Sudan and that country's human rights record. International experts say some 200,000 people have been killed and more than two million made homeless by the 4-1/2-year-old conflict in Sudan's Darfur region...PGGM…said it decided to stop investing in PetroChina after talks with the company on the subject failed to produce any change of heart.