The Unitarian Universalist Association of Congregations pulled its pension fund from Fidelity, citing the company's refusal to divest from companies that do business in Darfur, Sudan.
Valued at $178 million, the fund will move to TIAA-CREF.
In 2007, former UUA president William G. Sinkford wrote to Fidelity CEO Edward C. Johnson, saying the group "cannot ignore even indirect participation in genocide as an acceptable cost of doing business."
Its current president, Peter Morales, said that as Fidelity clients, they "tried to create change from within" but were unsuccessful.
© 2013 Augsburg Fortress, Publishers
Comments
Stephen Miller
Posted at 5:52 pm (U.S. Eastern) 6/24/2010
Why is this article in the Lutheran Magazine? The Unitarian Universalist church has nothing to do with Christianity. They believe in everything and nothing, and most certainly DO NOT believe that they need salvation through Jesus Christ.
...just sayin'.
Print subscribers and supporting Web members may comment.
Log in or Subscribe to comment.