Word: sinopecã
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Since Harvard’s divestment from PetroChina one year ago, Sinopec??s involvement in the Sudan has grown substantially. Though the exact relationship is complex because of a web of partnerships and holding companies, it is well established that Sinopec is a partner in Petrodar, which began to drill for oil in the Sudan early this year, with production expected to rise to 250,000 barrels per day by the end of the year. In the Petrodar venture, Sinopec is a partner with both the Sudanese government and the Chinese National Petroleum Company, the parent company...
...genocidal regime.” “Amherst’s divestment and Yale’s divestment this month oblige Harvard to rethink the extent of the divestment,” he said. While PetroChina’s involvement in Sudan was well-publicized, the extent of Sinopec??s activities are not as clear.A Washington Post reporter, Peter S. Goodman, wrote in an e-mail to The Crimson last spring that “Sinopec??s role in Sudan is clearly not as great as CNPC?...
...entirely from firms with ties to the Sudanese government. In June 2005, Stanford announced its decision to sell all its direct stakes in corporations linked to the Sudanese government, including PetroChina and Sinopec. Amherst College made a similar decision to divest from 19 Sudan-linked companies—including Sinopec??last month. A United Nations official estimated last March that at least 180,000 people have died during a year-and-a-half of conflict in the Darfur region. —Staff writer Alexander H. Greeley can be reached at agreeley@fas.harvard.edu...
Demands that the University divest from Sinopec??another Chinese company with ties to Sudan—as well as the formation of Burma Action Movement (BAM), which called for divestment from Unocal, seemed to lack necessary research. The ultimate goal of the groups was clearly a righteous one, but instead of properly investigating the true ties between the respective companies and the oppressive regimes, they seemed to latch onto the success of the divestment campaign. Students should not be overly hasty in their calls for divestment; simply because it was appropriate in the case of PetroChina does...
...size of Sinopec??s Sudanese venture pales in comparison to that of PetroChina’s parent, the China National Petroleum Company (CNPC), which has poured billions into the East African country, according to Peter S. Goodman, the Shanghai bureau chief of the Washington Post...