Franklin Templeton

Click here to send an email to Franklin Templeton (and copy us). Sample text to consider:

I am very troubled that the firm I have chosen to manage my savings invests in companies funding the genocide in Darfur, Sudan. Years after the genocide was publicly acknowledged, I learn that I am unknowingly and inadvertently connected to the genocide by investing with your firm. I am deeply disappointed to have trusted your firm and been put in this compromising position.

I want my savings and investment firm to be genocide-free. I do not want to invest in companies that substantially contribute to genocide, patterns of extraordinary and egregious violations of human rights, or crimes against humanity. Without a commitment regarding future investments I will remain at risk of funding genocide in the future. It is important to me that I avoid being connected in any way to the worst violations of human rights on the planet.

Please immediately divest your current holdings in PetroChina, Sinopec, ONGC, and/or Petronas since these are the worst offenders in the current Darfur genocide. Looking forward, please adopt an ethical policy that will avoid such investments in the future. If you fail to quickly take these steps, I will move my savings elsewhere.
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Franklin Templeton has the distinction of being the mutual fund company with the largest holdings of PetroChina. It holds PetroChina primarily through its mutual funds: Franklin funds, Templeton funds, Franklin Templeton funds.
Franklin Templeton's worldwide holdings of PetroChina were worth $1.6 billion, estimated based on information accessed by the Sudan Divestment Task Force through Bloomberg LP and market-valued as of August 1, 2007.

As of July 26, 2007, Franklin Templeton held 1,083,822,903 H share equivalents.

Click here for the filing on the Hong Kong Stock Exchange.