Many financial institutions invest in a handful of foreign oil companies, such as PetroChina, which help to fund the government of Sudan’s deadly campaign of violence against millions of its citizens. With a billion-dollar stake, JPMorgan is one of PetroChina’s largest investors.
JPMorgan’s current policies are not addressing their investments tied to genocide. Despite having adopted a variety of policies addressing social concerns and being a signatory to the UN Principles for Responsible Investment, JPMorgan actually increased its holdings in PetroChina, in 2011.
Genocide-free investing was on the JPMorgan ballot in 2013, 2012, and 2011. Read more about the proxy voting here.
Has a genocide-free investing policy
Divested from PetroChina
Voted for GFI shareholder proposal
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Submit Shareholder Proposal
We are seeking to volunteers to submit our genocide-free investing proposal. If you own at least $2000 worth of shares in a mutual fund or company, and have held those shares for at least a year, you qualify to volunteer. To volunteer, contact us at info@InvestorsAgainstGenocide.org.
May 21st, 2013
May 11th, 2012
May 8th, 2012
May 18th, 2011