Is it a good or bad idea to list declined fellowships (for a PhD program) on one's curriculum vitae? E.g. as shown in the example here.


  
  2011—Centennial Fellowship, Princeton University Department of Atmospheric and Oceanic Sciences  (accepted)
  2011—Top Student Award, University of Washington (declined)
  2011—Program in Climate Change Fellowship, University of Washington (declined)
  2011—Faculty Fellowship, Columbia University (declined)
  2011—Charney Prize, Massachusetts Institute of Technology (declined)
  2011—Regents Fellowship, Scripps Institution of Oceanography (declined)
  2011—Chair’s Award, Stanford University Department of Earth and Environmental System Science (declined)
Bad idea. If you turn down an award (or an acceptance to a univeristy, etc), you don't get to reap the benefits of that award. 

No one cares about the universities you could have gone to or the fellowship programs you could have worked for, they care about what you have actually done and that is all you should include on your CV/resume. Period. 

To me, the resume linked to above reads "I had no one else edit or evaluate my resume before I posted it online."