Word: sinopec
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Because Harvard owns the PetroChina and Sinopec shares through index funds, the University can only divest from the companies by selling off its entire stake in each of the two iShares entities...
MORE SUDAN-LINKED STOCKS PetroChina’s parent company, the China National Petroleum Corporation, and Sinopec are both members of a consortium known as Petrodar that is aiding the Sudanese government in the development of the east African country’s oil industry. The companies’ combined investment in the Sudanese oil industry totals to well over $1 billion, and profits from the industry are a major source of revenue for the Sudanese government...
...NUMBERS Harvard’s stakes in PetroChina and Sinopec have increased since the University “divested?...
HARVARD'S SINOPEC SHARES REMAIN: Despite divestment announcement, University still appears to own several million dollars worth of stock in controversial companies...
HARVARD STILL HOLDS SUDAN STAKE: Through index fund, school owns estimated $6.6 million in PetroChina, Sinopec stock...