Ethical disinvestment (1) The campaign by the indigenous U�wa people of Colombia to prevent the Occidental oil company from drilling on their sacred tribal lands received a big boost this week when US financial outfit Fidelity Investments dumped 18 million shares in Occidental, worth over $412 million! The disinvestment followed actions by U�wa supporters who mobilised to shut down Fidelity offices, occupy the company�s investor centres, and dump blood and oil on their premises. Nice one - proving that people pressure can make big business back down! Next on the hit list is the Sanford Bernstein company - the largest institutional investor in Occidental Petroleum now that Fidelity have jumped ship. Rainforest Action Network www.ran.org
