FOR IMMEDIATE RELEASE
Draw the line at investing in genocide
CONGRESSIONAL HUMAN RIGHTS CAUCUS HOLDS BRIEFING ON GENOCIDE-FREE INVESTING
Panelists urge members to consider ways to make financial markets more responsive to millions of Americans who don’t want their savings complicit in genocide
Washington DC – September 10, 2008 – Representatives from the financial industry and leading human rights activists told the Congressional Human Rights Caucus (CHRC) today that a majority of Americans don’t want their investments tied to genocidal regimes and that financial markets need to be more responsive to the American public’s interest in genocide-free investing. In a 2007 KRC study which surveyed average Americans, 71% of respondents said companies should take into account extreme cases of human rights abuses, such as genocide, when investing overseas, rather than base their investment decisions on economic criteria only. Even so, there is a surprisingly broad base of major financial institutions investing in companies connected to the genocide in Darfur, the panelists testified.
About the ENOUGH Project – ENOUGH is a project of the Center for American Progress to end genocide and crimes against humanity. With an initial focus on the crises in Darfur, Chad, eastern Congo, and northern Uganda, ENOUGH’s strategy papers and briefings provide sharp field analysis and targeted policy recommendations based on a “3P” crisis response strategy: promoting durable peace, providing civilian protection, and punishing perpetrators of atrocities. ENOUGH works with concerned citizens, advocates, and policy makers to prevent, mitigate, and resolve these crises. To learn more about ENOUGH and what you can do to help, go to www.enoughproject.org.