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Harvard announced yesterday that it would sell its shares in the oil firm Sinopec, a Beijing-based company with close ties to the Sudanese government.
In its most recent filing with federal regulators on Feb. 9, Harvard revealed that it owned 134,050 shares in Sinopec, also known as the China Petroleum and Chemical Corporation. Those shares were worth a total of $8.3 million on the New York Stock Exchange at noon yesterday. Since Sept...
The divestiture from Sinopec comes almost exactly one year after Harvard relinquished its stake in another Beijing-based firm, PetroChina, that also played an extensive role in Sudan’s oil export industry. “Oil is a critical source of revenue and an asset of paramount strategic...
But Harvard still has not announced a divestiture from the Russian oil firm Tatneft, despite that fact that other schools—including Amherst, Stanford, and the University of California—have cut ties to Tatneft to protest that company’s links to the Khartoum regime. In...
The Bishop of Hong Kong, Joseph Zen Ze-kiun, becomes Cardinal as the Vatican tries to walk a delicate path toward re-establishing diplomatic relations with Beijing. The Pope had invited four Chinese bishops to the Synod of Bishops in October, only to see the government block their departure at...