Word: divesting
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Nearly a year later, the University 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’s endowment is still invested in two Chinese oil firms accused of financing the genocide in Sudan, even though the University has said it would divest its shares in both companies...
...University first bought a stake in the iShares fund in the first three months of 2005, just before the school publicly announced its decision to divest from PetroChina, according to an examination of past filings with the federal Securities and Exchange Commission...
Earlier in the year, the CCSR voted to divest from its holdings in Beijing-based Sinopec Corporation, which came a year after the University divested from PetroChina...