I spent the better part of last Thursday and Friday (when I should of been painting my illustrations) digging into my State of WI retirement fund to change where my money is being invested. I recently learned that Fidelity Mutual Funds Company is a heavy investor in the two chinese oil companies Sinopec and Petrochina. These companies are pouring money into the Sudanese goverment mainly responsible for conditions in Darfur. As it turns out, I had very little of my very little money going to this company which has now been diverted to another fund. I’m sure my dollars will have little impact in the 3.2 trillion dollar investments of Fidelity. But now I can sleep well. I would encourage those of you who have pension investments or other accounts to look into this, as many socially responsible investment lists do not include oil companies as socially irresponsible.
For more information, visit this website: http://fidelityoutofsudan.googlepages.com/