PetroChina Syndrome Hits Fidelity

A big victory for the PetroChina campaign today as mutual fund giant Fidelity has cut its stake in the company. The AFL-CIO and others warned of the downside of investing in PetroChina when it first went public in 2000. I wrote a law journal article on the implications of that campaign and the IPO which you can access here: The PetroChina Syndrome

Fidelity Investments Cuts Stake In PetroChina on Darfur Concerns –