Word: divests
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...University is only required to reveal its holdings on American stock exchanges and has in the past declined to comment on the extent of its foreign investment in PetroChina. But by the time the Corporation voted to divest, after more than five months of pressure from activists on campus, Harvard’s stake in PetroChina rested entirely in Hong Kong, disappearing altogether from its filings with...
PetroChina has fallen nearly five percent on the New York Stock Exchange since the Corporation voted to divest. The share price climbed roughly 50 percent from the time Harvard picked up its first 60,000 shares in the third quarter of 2003 until April 4, 2005, when the divestment decision was announced...
...University’s April decision to divest from PetroChina, an oil firm accused of fueling the Sudanese regime’s genocidal campaign against its own people, did not end Harvard’s financial connection to the Khartoum government...
Samantha Power, a lecturer on public policy at the Kennedy School of Government, and the International Crisis Group (ICG) recently released a written call to action to 100 universities, encouraging them to investigate their investment portfolios and divest from stocks connected to the Sudanese government...
...Harvard’s decision to divest that was the impetus for this initiative,” said Thomas-Jensen. “As an advocacy group, we first saw it as an opportunity to get the ball rolling to make an economic dent in the regime. Second, we saw it as an opportunity to encourage universities to make a public statement about what is occurring in Darfur...