US moves to press Sudan on Darfur stall

Guy Dinmore at MSNBC:

Moves in Congress to put financial pressure on Sudan to stop the killings in Darfur have been stymied by a combination of big business interests and the Bush administration, according to supporters of legislation blocked in the Senate that would have endorsed decisions by US states to divest from companies involved in Sudan.

Tens of billions of dollars in equity are at stake, mostly of non-US companies and including two listed Chinese energy giants involved in Sudan’s rapidly growing oil industry which fuels the military with arms and other supplies.

While giving rhetorical backing to anti-genocide protests staged around the world on Sunday, Democrats and Republicans admitted that a new watered down draft of the Darfur Peace and Accountability Act was further evidence of US unwillingness as well as inability to take decisive action.

More here.