Word: sinopec
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...addition to the price increase, which went into effect Thursday, the government also said it will require the country's biggest refiner, state-owned China Petroleum & Chemical Corp., known as Sinopec, to increase output and imports of oil products. Sinopec said Wednesday it will run its refineries at full capacity in November, bearing "heavy losses" to guarantee market supply. It will also halt all exports of gasoline and diesel for the time being. As in the past, however, any losses will likely be covered by billions of dollars in government subsidies...
...governing body, cited a “unique pattern of circumstances relating PetroChina to the crisis in Sudan”: oil revenues from a PetroChina-backed project have funded Sudanese weapons purchases, enabling the regime to slaughter innocent civilians. (The following year, Harvard added a second Chinese oil company, Sinopec, to its divestment list...
...past two years, Harvard has divested from two Chinese oil firms, Sinopec and PetroChina, both accused of helping to fund the genocide in Darfur through their investments in Sudan...
...policy will not affect these holdings, but, as with Sinopec and PetroChina, Harvard will inform third-party money manager’s of its new decisions regarding ONGC...
...Graduate Council to play an active role in campus activism. “We don’t take part in taking stances on partisan political issues,” he said. Yet last year, the council supported a campaign to divest from the Sudan-linked oil company Sinopec. Laconi said that the position the incoming council will take on the Sudan divestment issue has “yet to be determined” by the representatives. The other graduate students elected to serve in the meeting May 16 include Ashley R. Pollock as vice president for communications, James Wang...