Word: bam
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Just as the Harvard Corporation announced the long-awaited divestment from PetroChina, a new student group, the Burma Action Movement (BAM), is trying their luck with the divestment approach. Their logic echoes that of the recently-disbanded Senior Gift Plus. The group claims that Harvard’s investment in Unocal, an oil and gas company, is unethical and hypocritical. By conducting business in Burma, BAM argues, Unocal contributes to the human rights violations of the Burmese junta, which includes systematic rape, ethnic cleansing, and the stifling of political dissent. Thus, Harvard is guilty by association...
Many activists link Unocal’s involvement in a Burmese oil pipeline as a way in which the company is complicit in gross human rights abuses, pointing to forced labor and mandatory relocation of residents in the area. But it seems that BAM should check the facts...
...campus, the Burma Action Movement (BAM) released a statement yesterday calling upon the University to divest from Unocal...
...BAM said it wants to help the University prevent what it called “hypocritical and unethical investment practices that threaten to taint Harvard’s reputation...
...Harvard, BAM has also questioned the University’s investment in ChevronTexaco. At the end of 2004, Harvard owned 305,689 shares of the oil conglomerate’s stock, according to SEC filings...