Word: petrochina
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Collins and Mucheru focused their speeches on Harvard, which has faced ongoing criticism for an estimated $1.8 million stake in PetroChina, a Chinese oil company with ties to the region...
Collins, who along with Manav K. Bhatnagar ’06 started the online petition www.harvarddivest.com, said he was spurred to action when he read about the links between the University’s endowment and PetroChina in an October article in The Crimson...
...said he was hopeful that Harvard would sell its shares in PetroChina in light of student and faculty support for such an position...
...Darfur Action Group is also promoting an effort to get Harvard to divest from companies that conduct business with the Sudanese government. According to organizers, approximately 350 members of the Harvard community have signed a petition asking the University to selling its shares in PetroChina, a Beijing-based oil firm with links to Khartoum. The University’s most recent filings with the Securities and Exchange Commission indicate that stake is worth $1.8 million...
...Harvard needs to take the lead in putting financial pressure on the Sudanese government to stop the genocide in Darfur. With the largest endowment of any University in the world, when Harvard invests, people listen. The message of legitimacy Harvard sends by investing in a company like PetroChina that does business with the Sudanese government is not one we want our University to be sending...