Word: petrochina
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More than 100 Harvard students have signed a petition urging Harvard to sell its shares in PetroChina, a Beijing-based oil firm with links to the Sudanese government...
...Eliot House juniors launched a website, www.harvarddivest.com, late Sunday night giving students, faculty and alumni the opportunity to voice their concerns regarding Harvard’s estimated $4 million stake in PetroChina...
Activists say that revenues from oil companies such as PetroChina prop up the Sudanese regime, which is accused of systematically slaughtering its own people...
Meanwhile, PetroChina may dramatically expand its holdings in Sudan as part of a multibillion-dollar restructuring deal with its parent company, China National Petroleum Corp (CNPC...
Even if University divestment has a negligible impact on PetroChina or the government in Sudan, we consider dumping the shares to be a moral imperative. In the recent past, we have declined to call for Harvard to divest from investments that were at best ethically neutral, such as the money Harvard had in conglomerates that owned defense contractors before the Iraq War. Not every case for divestment is as clear as this one. The money Harvard made off its PetroChina investment is bloodstained crimson; if the University still has holdings in PetroChina, it should get rid of them immediately...