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. Due to regulatory technicalities we will not be on the ballot at JPMorgan this year but will be working on alternative approaches to improve our shareholder proposal campaigns at JPMorgan for the future.
Has a genocide-free investing policy
Divested from PetroChina
Voted for GFI shareholder proposal
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Please be sure to vote in favor of the genocide-free investing proposal whenever it appears on a proxy ballot on which you are voting. Read more …
May 21st, 2013
May 11th, 2012
May 8th, 2012
May 18th, 2011