Word: petrochina
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Terry, who spoke at the rally, said that he was speaking on behalf of Harvard students who are disappointed over the University’s investment in PetroChina, a company connected to the Darfur government...
...mail to the Class of 2005. In the e-mail, Mahan and Terry encouraged their peers to withhold their contributions to the Senior Gift, a traditional donation to the Harvard College Fund given by the graduating Senior Class, until Harvard agrees to divest from PetroChina. PetroChina’s parent company, an oil company almost wholly owned by the Chinese government, is participating in a joint venture with the Sudanese government, providing Sudan with cash spent on a brutal war being waged against its own people in the southern region of Darfur. While we strongly support calls for Harvard?...
...assessing the situation. It appears that Harvard has yet to take any action, and Summers claims that a decision has not yet been reached. A recently released filing with the Securities and Exchange Commission indicates that between last September and December—after the link between Harvard, Petrochina, and the violence in Sudan had been made public—Harvard inexcusably more than doubled its holdings in Petrochina...
Using Summers’ remarks on gender as a jumping-off point, the ten speakers at yesterday’s rally addressed a number of grievances, from the lack of a Women’s Center at Harvard to divestment from PetroChina...
Other Harvard apologists point out that PetroChina is only an affiliate of the Chinese National Petroleum Company (CNPC), the company that actually does business in Sudan. While this is technically true, it is a little like saying Harvard College shouldn’t be held responsible for Harvard University’s practices because it is only one part of the University. The CNPC owns more than 80 percent of PetroChina. Profits from PetroChina find their way into CNPC hands and vice versa. What’s more, a recent restructuring plan may put the CNPC’s Sudanese...