Word: petrochina
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...First, when the HMC reports its holdings, it only reports long stock positions. It is not required to report its short positions, meaning securities borrowed and sold. If short positions are taken into account, the HMC is potentially shorting shares of some of the companies in question (PetroChina, Sinopec, Petronas). In effect, this means that Harvard could own a negative number of shares in these companies. The Crimson also only reported indirect holdings through Exhange Treaded Funds (ETFs), such as the FXI index. However, the HMC also owns (and sells short) securities such as bonds, credit default swaps, and other...
More than 400 students have signed an online petition calling on Harvard to shed its $13 million of indirect holdings in companies that do business with Sudan. The petition comes nearly two years after the University announced it would be divesting from Chinese oil firm PetroChina because of its dealings with the Sudanese government and one year after Harvard announced that it would sell its holdings in Sinopec, another company accused of helping to finance genocide in the Darfur region of the country. On March 1, the Harvard Darfur Action Group (HDAG), with the support of more than 20 University...
...genocide,’ investments can resume.” According to a Boston Globe report last July, the state’s worker pension fund holds investments of more than $300 million in 23 non-U.S. companies doing business in Sudan. That includes $33.3 million in PetroChina, the oil firm from which Harvard announced its direct divestment two years ago. But as of Dec. 31, Harvard still maintained a total of $13.4 million in indirect holdings in the oil companies Petronas and Sinopec, as well as PetroChina, through investment in funds managed by the British bank Barclays, according...
...Crimson report in January revealed that the University still maintained shares in the Chinese oil companies PetroChina and Sinopec. The shares are held through exchange-traded funds managed by Barclays, a British bank...
After Princeton’s governing body decided to divest the university’s holdings, its fund managers immediately determined that the university did not have any direct holdings in Sudan-linked companies, but that they might indirectly hold shares of PetroChina, Sinopec, the Russian oil firm Tatneft, the Swiss power company ABB Ltd., and the state-owned Indian firm Bharat Heavy Electricals...