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This week’s NewsAnalysis from the Sea Change Radio Headlines Anchor, Tania Haldar Hart:
So, what’s the connection between investing and genocide in the first place?? I’m no expert on the ethics of investing but I was intrigued by recent news that TIAA-CREF, the huge retirement fund for teachers and academics, divested its holdings in companies considered complicit with genocide. Following up on its March 2009 commitment, TIAA-CREF sold all of its holdings in four Asian state-owned oil companies. Its research showed continued complicity in Sudanese genocide at PetroChina, CNPC Hong Kong, Oil and Natural Gas Corporation and Sinopec. Financial analysis also showed that divestment would have an insignificant impact on the performance of retirees’ portfolios.Read the show transcript
