Word: sudanã
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...April, Harvard has divested its direct holdings in two Chinese oil companies with ties to Sudan??Petrochina and Sinopec—but still maintains holdings in companies such as Petronas and Schlumberger that have been accused of links to the genocide. [SEE CORRECTION BELOW...
...those numbers do not render you speechless, another of UBS’s accomplishments, the editorial presumes, certainly will. Apparently, by arranging what some hope to be China’s largest ever stock offering, “the bank plays an important role in underwriting the supporters of Sudan??s genocidal government.” And with that note, the chanticleers of self-righteous indignation sound their call—nearly 900 hundred tiresome words long—to action. “Divest from Sudan!” or, more recently, “from Burma...
...world’s leading investment banks and that it manages assets worth well over $2 trillion. But there is one aspect of UBS’s operations that might escape mention at the recruitment session: The bank plays an important role in underwriting the supporters of Sudan??s genocidal government.The Swiss-based bank is arranging a massive stock offering that could raise more than $8.9 billion for PetroChina, the publicly-listed arm of the China National Petroleum Corp. UBS and PetroChina/CNPC hope that the stock offering will be the largest in Chinese securities-exchange history. Earnings from...
Already, PetroChina/CNPC is the largest player in the Sudanese oil industry, but in the past few months, the company’s presence in the East African nation has expanded markedly. In June, PetroChina/CNPC signed a 20-year deal to develop Sudan??s offshore oil production—a project that will open up a new stream of revenue for the Sudanese government, which spends 70 percent of its oil earnings on the country’s armed forces. According to a 2005 Harvard report, oil exports are “a crucial source of revenue...
...screening. “It is seen more as a national issue, a small rebel movement that Uganda can deal with on its own,” said Ross, who is also HHRA’s director of advocacy for Africa. Alison Lawton, who produced the film, said that Sudan??s wealth of petroleum resources has made its humanitarian crisis a priority over that of northern Uganda, where there is little economic interest. “Yet, we’re talking about people instead of economics. From a social justice perspective, it’s shocking...