Word: sinopecã
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...University announced its divestment from PetroChina in April 2005. Nearly a year later, Harvard issued another statement, announcing the decision to divest from Sinopec??€”also know as the China Petroleum & Chemical Corp.—given “deep concerns about the grievous crisis that persists in the Darfur region of Sudan...
...additional 4.2 percent of the iShares fund’s holdings are invested in Sinopec??€”putting Harvard’s holdings in Sinopec at an estimated $2.2 million...
While Harvard has divested from Petrochina and Sinopec??€”two Chinese companies that do business in Sudan—it has thus far resisted calls to divest from Tatneft...
When we wrote last April that Sinopec??€™s involvement in Sudan was not worthy of Harvard’s divestment, Sinopec??€™s links to the Sudan were much murkier, particularly compared to those of PetroChina. For two decades, Sudan has been embroiled in a civil war between the Khartoum regime in the north that supports the genocide and a fledgling opposition government in the south. Because Sinopec??€™s Sudanese pipeline project benefited both regimes and was built into the peace agreement ending the civil war, we argued Harvard’s investment was helping...
...have, however, realized that this logic is flawed—no utility calculus can negate the fact that Harvard’s money was linked with the ultimate evil of murder. Combined with Sinopec??€™s larger presence in Sudan that has developed in the past year, divestment from Sinopec was the only proper course of action. We applaud the University’s divestment. That it did so before considerable student pressure developed (although a petition drive was amassing signatures) is a particularly promising sign...