Word: khartoum
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...Harvard still has not announced a divestiture from the Russian oil firm Tatneft, despite the fact that other schools—including Amherst, Stanford, and the University of California—have cut ties to Tatneft to protest the company’s links to the Khartoum regime...
...Harvard still has not announced a divestiture from the Russian oil firm Tatneft, despite that fact that other schools—including Amherst, Stanford, and the University of California—have cut ties to Tatneft to protest that company’s links to the Khartoum regime. In its most recent filing with federal regulators on Feb. 9, Harvard revealed that it owned 134,050 shares in Sinopec, also known as the China Petroleum and Chemical Corporation. Those shares were worth a total of $8.3 million on the New York Stock Exchange at noon today. Since Sept...
...Harvard to divest funds from companies with business ties to the Sudanese government. In an interview from Ghana with the Boston Herald, U.S. Rep. Mike Capuano, D-Mass., said the University should “do what’s right” and sever financial connections to the Khartoum regime, which the U.S. government has accused of supporting genocide. This isn’t the first time Capuano has broached the divestment issue. Last April, he asked public pension boards in Massachusetts to sever ties from firms with financial holdings in Sudan. Capuano is travelling in Africa with...
...hand the quotes me,” Bok said.WILL HE TURN BACK THE CLOCK?Despite last April’s landmark decision to divest from PetroChina, the University has maintained its investments in other companies linked to Sudan, including Sinopec, an oil firm accused of close ties to the Khartoum regime.Sinopec is the major contractor on a pipeline that will carry oil from the Melut Basin in southern Sudan to a Red Sea port—a project that could boost Sudan’s petroleum exports substantially, according to a December 2004 Washington Post report.At the end of last...
...advocacy will continue by encouraging governmental and academic entities to divest from companies that do business with the Khartoum regime. Universities and state pension plans frequently hold significant investments connected to Darfur, but once made aware of the investments, many investors have been shown to be willing or even eager to part with them. The state of Oregon and Stanford University, for example, have already divested, and legislation is pending in several other states. HDAG acts as a catalyst in this process, researching which companies merit divestment and which institutions have holdings in those companies. Passing this information to decision...