Word: petrochina
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Dates: during 2004-2004
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Representatives for PetroChina did not answer calls for comment to their offices in Beijing yesterday...
With more than $3 billion in the stock market, as of June 30, 2004, Harvard Management Company holds shares in over a thousand corporations, from Abercrombie & Fitch to Zebra Technologies. The University’s holdings in PetroChina likely represent less than 0.02 percent of the entire endowment...
Activists hope that a move by Harvard to sell its shares of PetroChina could jump-start a broad divestment effort...
Harvard’s stake in PetroChina is “a highly symbolic investment,” Reeves said. He said the University would “send a chill up the spine of all institutional shareholders of PetroChina” if the endowment fund dropped its stake in the company...
...January of this year, BP Amoco sold its $1.65 billion stake in PetroChina. The move came on the heels of a four-year campaign by black churches and human rights groups in the U.S. to boycott Amoco stations in protest of BP’s links to Sudan—although BP’s decision to drop the shares was likely made due to economic considerations and not humanitarian concerns...