Word: darfur
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Over the past week, The Crimson has uncovered the full extent of Harvard’s indirect investments in PetroChina and Sinopec. These are two of the worst offending companies in terms of financial complicity with the Sudanese government’s genocidal campaign in Darfur, and as reported yesterday in an online update, Harvard currently holds $16 million worth of shares in them...
However, there is a more effective way to ensure this happens than to rely on The Crimson to be Harvard’s moral and financial watchdog. Students from the Harvard Darfur Action Group are currently working with the nationwide Sudan Divestment Taskforce to propose a targeted divestment model, like the one recently adopted by the state of California and taken up by other universities, including the University of California. If implemented, the targeted model would secure Harvard’s good reputation on this issue once...
...Crimson, Interim University President Bok said he did not know about the University’s indirect holdings in PetroChina and Sinopec, and that the investments must relate to something that happened prior to his interim presidency. As long as the current ad hoc approach to Darfur-related divestment remains in place, we can expect to see the incoming Harvard president make similarly blinkered statements, which will ultimately undermine Harvard’s good standing on this issue. By contrast, the implementation of a targeted divestment model as a matter of policy provides a way out of this bind...
...would be a win for the University, which could enjoy its reputation—unchallenged—as having come down on the right side of history regarding Darfur. It would be a win for students, who would not have to expend energy re-fighting the same fight each time inadvertent holdings are discovered. And most importantly, it would be a win for Sudanese civilians, who could be assured that an institution with the moral standing of Harvard would not, inadvertently or otherwise, support the companies most responsible for funding the genocidal campaign in Darfur...
READ MORE CRIMSON COVERAGE FROM THE 'DOLLARS IN DARFUR' INVESTIGATIVE SERIES...