Word: petrochina
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Dates: during 2000-2009
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Although Harvard has said that it would sell its shares in the two firms, PetroChina and Sinopec, it appears that Harvard’s holdings in both firms have actually increased since the divestitures were announced...
Harvard maintains that stake despite its April 2005 announcement that “the unique pattern of circumstances relating PetroChina to the crisis in Sudan counsels in favor of taking the extraordinary step of divestment...
...Harvard still indirectly owns significant quantities of stock in both PetroChina and Sinopec...
...petition had garnered about 1,000 signatures by the following April, when Harvard bowed to divestment demands and sold its PetroChina stock. All seven other Ivy League schools subsequently announced divestitures from Sudan-related stocks...
Read The Crimson's initial report on Harvard's PetroChina ties: Endowment Tied to Sudan; University bought stock in oil firm that activists say helped fuel genocide...