Word: indirection
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Dates: during 2000-2009
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Harvard’s indirect investments in three oil firms accused of helping to finance the Darfur genocide remain in the millions, according to a recent filing with the Securities and Exchange Commission...
...while the University says its policy on divestment does not apply to these indirect holdings, Harvard has taken steps that suggest it may be reevaluating that policy...
...Harvard has publicly announced its direct divestment from two Chinese oil companies, PetroChina and Sinopec. But as of December 31, 2006—the date of Harvard’s most recent filing—the University maintained indirect holdings worth $13.4 million in these companies as well as Petronas, a Malaysian oil firm linked to Sudan, through its investment in funds managed by the British bank Barclays...
...University has previously declined to comment on the issue of its indirect investments in Sudan, but University spokesman John D. Longbrake said yesterday that the holdings don’t fall under the school’s divestment policy...
...Longbrake said that the ACSR has formed a subcommittee to investigate the indirect investments further...