Word: exxon
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Harvard owns stock in several of the companies on the protesters' "profits of doom" list, including General Electric, Exxon, Gulf Oil, Atlantic Richfield Oil, and Kerr-McGee
...largest single investment is $35 million in Exxon Corporation, which is involved in the exploration, mining milling and fabrication of nuclear fuel. Among investments in seven other oil companies, Harvard has $16 million invested in General Electric Company, a corporation active in the same processes as well as the manufacture of nuclear reactors...
...Nukes are a symbol of economic exploitation," Boudreau says. She adds that by opposing the companies that support nukes "we're striking right at the heart of the American economic system." Harvard's Top Ten Nuclear Related Investments Exxon Corporation $35,442,448 Standard Oil Co. of California $20,912,364 Mobil Corporation $18,360,622 Atlantic Richfield $17,465,122 Gulf Oil $15,969,160 General Electric Company $15,673,735 Getty Oil $11,765,924 Raytheon $9,585,634 Phillips Petroleum $8,996,703 Florida Power and Light $7,169,390 According to '78-'79 Financial Report
...that at that time 35,000 acres had been leased for uranium exploration to five companies. Seven months later, in June 79, exploration had drastically increased. As one local commentator explains the situation, "At least seven companies are exploring for uranium in northern Minnesota, including such late arrivals as Exxon and Annaconda. The most heavily involved is Rocky Mountain Energy, a subsidiary of Union Pacific Railroad. Rocky Mountain has about 75 percent of the 125,00 acres that the companies have leased altogether from private landowners hoping for a big payday--few knowing about the dangers of uranium mining...
...program has received funding from outside corporations, including the Exxon Education Foundation and General Motors, Donna G. Martyn, assistant dean placement at the GSAS and creator of the program, said yesterday. The program's tuition will be $600, she added...