Coalition Presses Wall Street to Press Sudan

Trying to leverage financial clout to pressure good ol' genocidal Omar:

A coalition of leading human rights organizations and socially responsible investment companies have jointly announced the filing of shareholder resolutions with six major banks and financial firms with the goal of engaging Wall Street to push Sudan to end the violence in Darfur and accept full deployment of U.N. peacekeepers...

Ninety percent of Sudan's export income is derived from oil, with Khartoum funneling the majority of this revenue into military expenditures. Sudan lacks the capital and expertise to efficiently extract its own oil, and relies almost entirely on foreign companies to operate this lucrative industry, which provided the government with over $4 billion in export revenue last year...

The coalition has filed shareholder resolutions with six firms so far: Citigroup, Morgan Stanley, Merrill Lynch, T. Rowe Price, Wells Fargo and JP Morgan Chase.

In total, the coalition is calling on more than 40 top firms with holdings in these Sudan-linked companies to use their influence as major investors to pressure the Sudanese government to stop obstructing the deployment of the 26,000-member U.N. peacekeeping force.

Let's see if this makes an impact.

Comments

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[dr dre beats headphones]

Or maybe they'll request Everyday is Like Sunday: "Come, come, nuclear bomb..."