Word: divested
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Yesterday, Massachusetts state senator Andrea F. Nuciforo Jr. announced that he will file legislation in March requiring the Commonwealth to divest its pension funds from international companies doing business with Sudan...
...above denunciation in a Feb. 18 e-mail to the Class of 2005. In the e-mail, Mahan and Terry encouraged their peers to withhold their contributions to the Senior Gift, a traditional donation to the Harvard College Fund given by the graduating Senior Class, until Harvard agrees to divest from PetroChina. PetroChina’s parent company, an oil company almost wholly owned by the Chinese government, is participating in a joint venture with the Sudanese government, providing Sudan with cash spent on a brutal war being waged against its own people in the southern region of Darfur. While...
...Mahan and Terry are serious as they seem to be about their desire to have Harvard divest from Sudan, there are much more forceful, symbolic means of demanding that change. In the 1970s and 1980s, Harvard students campaigned for the University’s divestment from apartheid South Africa with more gusto than that involved in Mahan and Terry’s proposed boycott. On April 23, 1978, more than 1,000 people gathered outside Pusey Library to demand divestment during a closed-door meeting of the Harvard Corporation during which stock policy for the year was to be determined...
...problem, however, does not end with Harvard—even the Massachusetts Pension Reserves Investment Management Board has invested over $1.4 billion in companies operating in Sudan, while the Boston Retirement System has invested $62 million, according to DivestSudan.org. However, the Massachusetts legislature is currently considering legislation that would divest all state-owned investments in Sudan...
...movement against the genocidal tactics employed in Sudan is gaining steam and has a strong presence in Boston; the struggle for justice, however, should be able to directly target Sudan and not have to spend its resources convincing Harvard to divest from companies doing business in Sudan. The unique position of Harvard to create political change by leveraging its endowment should be utilized to bring justice to the victims of the Khartoum regime...