Word: petroleum
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...alternative. We must divest from Sudan now and ensure that our investments do not support genocide ever again,” the students said in the statement. The University announced this past April that it would divest from PetroChina, a subsidiary of the Chinese National Petroleum Corporation (CNPC), after pressure from students and some faculty members. The coalition cited Yale President Richard C. Levin statement that Yale’s policy on ethical investing forced it to cease supporting a regime that commits genocide. According to documents released by the federal Securities and Exchange Commission, Harvard held...
...Yale President Richard C. Levin said in a statement.Yale’s announcement follows similar moves last year by colleges and universities such as Stanford, Amherst, and Dartmouth. Harvard announced this past April that it would divest from PetroChina, a subsidiary of the Chinese National Petroleum Corporation (CNPC), after pressure from students and some faculty members. But Harvard continues to hold a stake in a second Beijing-based oil company, Sinopec, which also does business in Sudan.PetroChina and Sinopec were both listed among the seven companies targeted by Yale’s divestment move yesterday. According to documents released...
Although Harvard severed ties with one Chinese oil firm linked to Sudan’s government less than a year ago, the University has increased its holdings in another Beijing-based energy company with ties to the Sudanese regime. Harvard increased its possessions of China Petroleum and Chemical Corporation, also known as Sinopec, by 1,150 shares, to 134,050 shares in the last quarter of the calendar year 2005. If Harvard has maintained its holdings since Dec. 31, the value of its Sinopec shares would have been approximately $7.8 million as of the close of the New York Stock...
...publicly denies the Holocaust and has publicly called for Israel to be “wiped off the map.” The regime’s bravado has only increased with its belief that it can hold the world hostage through its influence over the Organization of the Petroleum Exporting Countries (OPEC). We must, at all costs, ensure that Iran is kept from accessing the fissile material necessary to build atomic weapons—no greater threat currently exists to global security. While hope for reconciliation and an eventual “grand bargain” with Tehran...
...total of 45 million gallons of the subsidized Citgo fuel, and other cities are slated for another 5 million soon. That?s a small percentage of the heating oil Venezuela exports to the U.S. each year, but Citgo says it has set aside about 10% of its refined petroleum products for the program. Says Larry Birns, director of the Council on Hemispheric Affairs in Washington, D.C., "Unfortunately for the Bush Administration, Chavez is proving to be a more inventive thinker in terms of hemispheric politics...