Investors Against Genocide

October 27, 2007

I just came across these websites which list corporate investments in Darfur in an article entitled Buffett, Darfur, Mutual Funds and Myanmar by Mark Gunther (see http://www.huffingtonpost.com/marc-gunther/buffett-darfur-mutual-f_b_68461.html).

Here is the opening sentence: 

By now, you’ve probably read that Berkshire Hathaway, the investment firm led by Warren Buffett, has sold most if not all of its holdings in PetroChina. PetroChina is the publicly listed unit of the China National Petroleum Co., which has come under harsh criticism for doing business with the repressive government of Sudan.

Gunther goes on to say:

There’s no way to know what led Buffett to sell PetroChina. Berkshire bought the stock in 2003, investing about $488 million; at the end of last year, the stock was worth $3.3 billion. So he may simply have decided to take profits.

The websites noted in this article are:

http://investorsagainstgenocide.googlepages.com/

http://www.savedarfur.org/page/content/index/

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