Word: sinopecã
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...April, Harvard has divested its direct holdings in two Chinese oil companies with ties to Sudan—Petrochina and Sinopec??but still maintains holdings in companies such as Petronas and Schlumberger that have been accused of links to the genocide. [SEE CORRECTION BELOW...
...Crimson had reported in January that, despite the decisions to divest from PetroChina and Sinopec??two Chinese oil firms with ties to Sudan—Harvard still maintained indirect holdings in these firms worth more than $16 million through investments in other funds...
...total divestment.” We recognize that it would be both impossible and harmful to the people of Sudan. Our policy is narrowly tailored to ensure that only companies that are funding the genocide and doing nothing to stop it—just like Petrochina and Sinopec??are targeted. Harvard has already decided two companies of this type merit divestment for their role in the genocide; we are merely asking them to extend this policy to other similar companies. We agree that extensive research and shareholder engagement should occur before any company is targeted for divestment...
...directly profiting from immoral acts of the highest order. This conclusion was based on the explicit connection between oil revenues and genocide in Sudan. A company dealing with almost any other commodity in Sudan would not be worthy of the same treatment, and the particulars of PetroChina and Sinopec??s actions and involvement—which are nearly impossible to capture with a rule—mattered a great deal.The adoption of a blanket policy would lower the legitimately high bar for divestment, a unique and powerful tool that should not be treated lightly. Though proponents argue that...
...welfare of the companies in question. Second, these shares held by the Harvard Management Company are held only through Exchange Traded Funds (ETFs) and other broad market indices. Almost any ETF has a component stock that, when traded, has a direct impact on PetroChina’s or Sinopec??s stock price. If I were to buy a representative ETF of the world economy today, I would be holding a stake in PetroChina and Sinopec. I would also be invested in Warren Buffett’s Berkshire Hathaway, which holds a significant stake in PetroChina. I would...