Word: petroleum
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...Harvard Corporation—the University’s top governing body—decided to sell shares of PetroChina because the company is too closely tied to the genocide, they said. PetroChina, a Beijing-based oil company, is owned by China National Petroleum Company, which has invested over $1 billion in a joint venture with Sudan to increase that country’s oil revenues, which are helping fund the genocide...
...meager amount of petroleum purported to be buried in the Artic National Wildlife Refuge (ANWR), Senate Republicans have not only mortgaged the future of a swath of unspoiled wilderness, they have cast their respect for America’s political process in doubt...
...small physical footprint of the proposed development, 20,000 acres, even while they ignore maps that project crisscrossing drilling sites, airstrips, docks, and roads. Proponents like to herald the allegedly enviro-friendly operations at Prudhoe Bay. They do not publicize the multi-million dollar fines paid by British Petroleum after its contractors illegally dumped hazardous chemicals, including benzene, at the site...
Other Harvard apologists point out that PetroChina is only an affiliate of the Chinese National Petroleum Company (CNPC), the company that actually does business in Sudan. While this is technically true, it is a little like saying Harvard College shouldn’t be held responsible for Harvard University’s practices because it is only one part of the University. The CNPC owns more than 80 percent of PetroChina. Profits from PetroChina find their way into CNPC hands and vice versa. What’s more, a recent restructuring plan may put the CNPC’s Sudanese...
PetroChina officials have assured investors that the firm does not deal directly with Sudan. But the firm is a spin-off of the China National Petroleum Company (CNPC), which has invested more than $1 billion in a joint venture with the government of Sudan to boost that country’s oil production. CNPC still controls 90 percent of PetroChina, and a restructuring plan unveiled late last year would move all of CNPC’s overseas assets—including its Sudan stake—directly into PetroChina’s hands...