Trust sells Vedanta shares over human rights abuse
After the Church of England, another British investor has decided to sell its shares worth 2.2 million pounds (Rs.159 million/$3.5 million) in the Indian-owned mining company Vedanta Resources, citing serious concerns about the company’s approach to human rights and environment in Orissa. International NGO ActionAid said that the Joseph Rowntree Trust withdrew its support to Vedanta, becoming the fourth high profile company to do so since 2007 on the same grounds.
See and the Trust’s press release (‘JRCT sells its Vedanta shares’) on its website,
Survival International applauds Rowntree decision to sell Vedanta shares over ethical concerns
Survival International welcomes the news that the Joseph Rowntree Charitable Trust is selling its shares in Vedanta Resources due to concerns over the company’s human rights record. Two other shareholders, the Marlborough Ethical Fund and Millfield House Foundation, have also sold their shares. Survival is campaigning for all shareholders to pull out of the company, and has been lobbying the Rowntree Trust since July 2009.