Word: sinopec
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Earlier in the year, the CCSR voted to divest from its holdings in Beijing-based Sinopec Corporation, which came a year after the University divested from PetroChina...
...should go without saying that withdrawing investments from companies which provide money to fund a government’s campaign of mass extermination is an anemic response to genocide, even more so if it’s the only response. The moment Harvard divested from PetroChina and Sinopec was the campaign’s apotheosis, but it really should have been only the beginning...
...when discussing “the risks of politicization of the investment process,” Summers made no references to the 2005 divestment campaign that led Harvard to sell its shares of a Chinese oil company, Sinopec, with ties to the Sudanese government. Instead, he mentioned issues like pressure for fund managers to avoid investments in tobacco companies, and suggested that countries could invest in index funds to avoid political problems...
...when discussing “the risks of politicization of the investment process,” Summers made no references to the 2005 divestment campaign that led Harvard to sell its shares of a Chinese oil company, Sinopec, with ties to the Sudanese government. Instead, he mentioned issues like pressure for fund managers to avoid investments in tobacco companies and promote investments in underdeveloped inner-city areas...
During the course of the successful divestment campaigns for PetroChina and Sinopec, however, Harvard officials made numerous comments on individual holdings that were not included in SEC filings...