
For the second year in a row on Tuesday, shareholders of JPMorgan Chase had a chance to vote on whether the company would divest its $3.5 billion worth of holdings in PetroChina and Sinopec, Chinese companies connected to the financing of Sudanese government-sponsored atrocities against its own citizens. The proposal, which JPMorgan Chase lobbied against, failed, but the increased backing of shareholders and public support offered by high-value institutions, such as large state pension funds, marked a positive trend. Read More »