Word: petrochina
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Harvard’s holdings in PetroChina, a Beijing-based oil company that has come under fire for its ties to the Sudanese government, may be greater than the 67,200-share stake that the University reported to the U.S. Securities and Exchange Commission (SEC) last month...
University President Lawrence H. Summers told undergraduates at a Mather House study break Monday night that Harvard’s total PetroChina stake included holdings on Chinese markets as well as the previously-disclosed investment on the New York Stock Exchange (NYSE...
...yesterday, students and activists—already angered by Harvard’s investment in PetroChina, which they claim indirectly supports the genocide perpetrated by the Sudanese regime—called on Harvard to disclose the full extent of its holdings in the controversial company...
...PetroChina shares are publicly traded on NYSE in the form of American Depositary Receipts (ADRs)—but shares in the company are traded directly on the Hong Kong Stock Exchange (HKSE) as well...
...those who haven’t been following this, Senior Gift Plus is an organization that has been encouraging students to boycott the regular Senior Gift. They hope to pressure the folks who manage Harvard’s endowment into selling Harvard’s stock in PetroChina, an oil company whose parent is doing business with the Sudanese government. They want to do this by having seniors give to an alternative fund. If Harvard divests from PetroChina, the alternative fund goes to the same place the Senior Gift money goes. If Harvard hasn’t divested by October...