Word: divested
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Nearly a year later, Harvard announced that it would divest its stock in Sinopec, also known as the China Petroleum & Chemical Corp. Harvard said at the time that “the particular combination of circumstances bearing on Sinopec Corporation’s involvement in oil production activities in Sudan warrants the unusual step of divestment...
Because Harvard owns the PetroChina and Sinopec shares through index funds, the University can only divest from the companies by selling off its entire stake in each of the two iShares entities...
...Harvard Corporation’s earlier decisions to divest from holdings in these two companies earned the University widespread praise as the catalyst for a national movement in which 30 other universities and six states have divested from companies supporting the Sudanese government’s genocidal regime. This movement has generated more leverage over Khartoum than most of the governmental approaches to date. So while the revelations about the scale of Harvard’s indirect investments are deeply troubling, there is still reason to be hopeful that Harvard will take the action necessary to live...
...implementation of this model would not require any substantive policy change from the position Harvard adopted when it decided to divest from its direct holdings in PetroChina and Sinopec back in 2005 and 2006, respectively. Both those decisions were made on the grounds that Harvard should not be supporting companies with proven complicity in a situation that the U.S. government has determined to be genocide—in other words, companies that meet the "worst offending" criteria. Furthermore, there is precedent for this approach. During the mid-1980s, Harvard started screening the "worst-offending" companies operating in South Africa under...
...Ivies have made some move to divest from Sudan-related stocks following Harvard's 2005 announcement that it would sever ties to PetroChina...