Word: petrochina
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...decision comes nine months after Harvard, in response to student pressure, voted to sell its stake in Beijing oil firm PetroChina, which is controlled by the China National Petroleum Corporation...
...pretty normal.” She noted that the CCSR did address companies’ involvement with “repressive governments,” particularly the Sudan. The CCSR deviated from its normal practice when it directed the Harvard Management Company to divest from PetroChina Company Limited, even though no shareholder proxies were raised and the ASCR did not advise the committee to act accordingly. Despite the University’s preference to sell its holdings only for financial and not political reasons, the CCSR advised divestment because of PetroChina’s strong affiliation with its parent company...
...covered in the local and national media, as TV news aired dramatic footage. Officials moved fast and evacuated roughly 40,000 residents living near the plant. At midnight, 10 hours after the blasts, the vice party secretary of the plant, which is owned by New York Stock Exchange-listed PetroChina Co., announced that people shouldn't worry about the orange cloud. "The explosion," he said, "did not cause toxic air pollution...
...Undergraduate Council President Matthew W. Mahan ’05 and former Black Men’s Forum President Brandon M. Terry ’05 started “Senior Gift Plus,” which promised to withhold seniors’ donations until the University divested from PetroChina, a company intimately involved with the Sudanese government and by extension with the genocide in Darfur. Still more seniors were dissuaded from donating by University President Lawrence H. Summers’ remarks about the “intrinsic aptitude” of women in science. Senior Gift was effectively...
...their peers in conjunction with the Harvard College Fund. The money can be designated either for general use on things like buildings and facilities, or it can be earmarked especially for financial aid. Last year, student activists asked classmates to withhold their donations until Harvard sold its shares in PetroChina, a Beijing-based oil firm with ties to the Sudanese government. Harvard eventually did sell the shares. But Senior Gift raised its lowest total since 1998, and many believe the efforts of the activist group, Senior Gift Plus, were responsible. Washington said he’s confident that the controversy...