Word: divest
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Neither Chicago nor Princeton holds direct stakes in Sudan-linked firms, but these differing approaches to indirect investments hold potential lessons for Harvard, which has maintained indirect holdings in Sudan-linked companies from which it had previously agreed to divest...
Chicago has long been resistant to calls for divestment. It was one of the few prominent American universities to not divest from companies linked to the South African government during apartheid...
Princeton, on the other hand, decided to divest from both types of holdings. The school announced last June—well before divestment campaigns were focused on indirect holdings—that it would no longer invest “directly or indirectly [in companies] sponsoring, committing or allowing genocide” in Darfur...
After Princeton’s governing body decided to divest the university’s holdings, its fund managers immediately determined that the university did not have any direct holdings in Sudan-linked companies, but that they might indirectly hold shares of PetroChina, Sinopec, the Russian oil firm Tatneft, the Swiss power company ABB Ltd., and the state-owned Indian firm Bharat Heavy Electricals...
...University announced its divestment from PetroChina in April 2005. Nearly a year later, Harvard issued another statement, announcing the decision to divest from Sinopec—also know as the China Petroleum & Chemical Corp.—given “deep concerns about the grievous crisis that persists in the Darfur region of Sudan...