Financial Times FT.com

Activists warn funds over links to Darfur

By Stephanie Kirchgaessner in Washington

Published: September 6 2007 02:49 | Last updated: September 6 2007 02:49

Five large US investment firms will be targeted in a campaign by the US-based Save Darfur coalition over their investments in ­PetroChina, the Chinese oil company, and its parent, CNPC, which the coalition claims are helping to fund arms purchases in Sudan.

The coalition on Wednesday said it was putting Franklin-Templeton, JPMorgan Chase, Capital Group-American Funds, Fidelity Investments and Vanguard – the largest US holders of stock in the Chinese companies – “on notice” that they would soon find themselves “in the line of our activists’ fire in the weeks and months to come”.

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