Word: ccsrã
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...might yield a few more companies that Harvard should consider divesting from. But it would also reveal Harvard’s positions to other investors, and it would set a dangerous precedent. The HMC cannot feasibly operate with student oversight. Continued divestment proponents should be content with CCSR??s new spirit of scrutiny—as evidenced by its decision to recommend divestment from PetroChina—and trust the Corporation, and the HMC, to police themselves. Lines have to be drawn. Ultimately, the benefits of ridding Harvard of a few more million dollars of questionable stock pale...
...Monday, the Harvard Corporation Commitee on Shareholder Responsibility (CCSR) announced the University would sell its stake in PetroChina, an off-shoot of the China National Petroleum Corp. (CNPC), which has spent more than $1 billion developing Sudan’s oil resources. According to the CCSR??s statement, “substantial revenue from Sudan’s oil production has gone toward the purchase of weapons.” The Sudanese government has armed the Janjaweed militiamen who have slaughtered tens of thousands of villagers in the western region of Darfur...
Yesterday, activists continued to celebrate the CCSR??s decision, which made Harvard the first major institution to divest from PetroChina...
University President Lawrence H. Summers said last night that the ACSR and the CCSR will consider divestment from Sinopec and other companies that do business with Sudan “in light of the criteria established in the CCSR??s statement...
Summers said last night that he was “pleased” by the CCSR??s decision to cut Harvard’s ties with PetroChina—the first time he has publicly expressed his personal views on divestment...