Word: sinopec
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...Angola Beijing and Luanda finalized a $1.4 billion deal between China's Sinopec and an Angolan oil producer to develop new offshore fields. President Jose Eduardo dos Santos hailed China's "pragmatism," which he said had helped speed the war-torn country's reconstruction...
Earlier this year, the council was one of 12 student organizations supporting a campaign to divest from the Sudan-linked oil company Sinopec. The council also coordinates graduate social activities and acts as the official conduit between University administrators and graduate students. The officers are scheduled to assume their positions on June...
...Sudanese government. This rift fostered concerns among students about exactly how their donations were being spent, and the campaign registered its lowest participation rate since 1999. This year, however, following Harvard’s move to divest from PetroChina and a second oil firm tied to the Sudanese government, Sinopec, campaign planners are confident that their effort will be controversy-free. After the first weekend of the competition, Qunicy House is in first place with 24 percent participation, followed by Currier and Mather Houses, with 16 percent and 14 percent, respectively. During the competition, which runs through May 8, each...
Many have pointed out that Harvard’s sale of stock is a mere blip in the stock’s overall price and claim that it will have little effect on the profitability of others’ investments in Sinopec. Instead, they argue, Harvard’s action is only symbolic. Harvard, however, has attracted media attention to the genocide, and its PetroChina divestment set a precedent followed by a number of other institutions, including Amherst College, Yale University, Stanford University, and recently the entire University of California system. Furthermore, the University’s profiting from slaughter...
...question of where Harvard should draw the line regarding divestment is complex and the answer involves many human judgment calls. Both our own judgment and Harvard’s precedent, however, make it clear that holding shares in Sinopec fell clearly on the side of divestment. Harvard’s endorsement of this position is reason for brief celebration before we recommit ourselves to ending the genocide in Sudan once...