This comes on the heels of
The divestment came as somewhat of a surprise since American Funds shareholders voted against a measure from the activist group in November.
“At the shareholder meeting on Nov. 24, Investors Against Genocide asked American Funds to draw the line at investing in genocide,” said Eric Cohen, chairman of the activist group. “We see now that American Funds was listening. We congratulate American Funds for divesting from PetroChina. Their action is a positive affirmation of their human rights policy.”