Ethical Performance

Fidelity sells shares as Sudan campaign bites

Pressure from US activists appears to have prompted Fidelity Investments, the world’s largest mutual fund company, to sell a sizeable chunk of its stake in PetroChina, which has significant interests in Sudan.

Fidelity has given no official reason for its action, but the withdrawal has been widely attributed to the growing US campaign to persuade companies to divest from Sudan, where more than 400,000 people have died in a civil war.

PetroChina and its parent China National Petro...

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