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McCain's wife sells Sudan-related investments
WASHINGTON (Reuters) - Republican presidential candidate John McCain's wife, Cindy, has sold more than $2 million in mutual funds with investments in companies that do business in Sudan, McCain's campaign said on Wednesday.
John McCain has been a strong advocate for imposing international financial sanctions on Sudan because of the 5-year-old Darfur conflict, in which U.N. officials estimate that as many as 300,000 people may have been killed.
In an April 24, 2007 speech on energy at the Center for Strategic and International Studies, Sen. John McCain (R-AZ) criticized China for opposing sanctions in Darfur, saying that the reason it refused to do so was because “China needs Sudan’s oil.” Now, in a moment of irony, the AP reports that McCain’s wife, Cindy, just “sold off more than $2 million in mutual funds” whose holdings include companies that do business in Sudan’s oil industry.
According to McCain’s personal financial disclosure, Cindy McCain’s investments include two mutual funds — American Funds Europacific Growth fund and American Funds Capital World Growth and Income fund — that are listed by the Sudan Divestment Task Force as targets for divestment.
Both funds have holdings in Oil & Natural Gas Corp., an India-based company that does business in Sudan. The American Funds Capital World Growth & Income Fund also has holdings in Petrochina, a Chinese government-owned oil company with vast investments in Sudan.
