Word: petroleum
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...longer-term problem for oil companies is that the wild swings in petroleum prices are spooking the auto industry. After years of paying lip service to improving fuel economy, automakers finally seem intent on producing alternatives to the internal combustion engine. That was apparent at the Detroit auto show this month, where GM and Ford unveiled advanced battery-powered concept cars such as the Chevrolet Volt and Ford Airstream. Even if the Detroit automakers don't build those models - and they probably won't - they know they need to get higher-mileage vehicles on the road, be it hybrids, hydrogen...
Nearly a year later, Harvard announced that it would divest its stock in Sinopec, also known as the China Petroleum & Chemical Corp. Harvard said at the time that “the particular combination of circumstances bearing on Sinopec Corporation’s involvement in oil production activities in Sudan warrants the unusual step of divestment...
MORE SUDAN-LINKED STOCKS PetroChina’s parent company, the China National Petroleum Corporation, and Sinopec are both members of a consortium known as Petrodar that is aiding the Sudanese government in the development of the east African country’s oil industry. The companies’ combined investment in the Sudanese oil industry totals to well over $1 billion, and profits from the industry are a major source of revenue for the Sudanese government...
Nearly a year later, the University announced that it would divest its stock in Sinopec, also known as the China Petroleum & Chemical Corp. Harvard said at the time that “the particular combination of circumstances bearing on Sinopec Corporation’s involvement in oil production activities in Sudan warrants the unusual step of divestment...
PetroChina’s parent company, the China National Petroleum Corporation, and Sinopec are both members of a consortium known as Petrodar that is aiding the Sudanese government in the development of the east African country’s oil industry. The companies’ combined investment in the Sudanese oil industry totals to well over $1 billion, and profits from the industry are a major source of revenue for the Sudanese government...