Word: sudanã
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...ACSR)—a group of students and faculty that advises the Corporation, Harvard’s highest body, on investment decisions—when it recommended that Harvard sell its holdings in Beijing-based PetroChina. The oil firm has been accused of facilitating the ongoing genocide in Sudan??s Darfur region.But did the ACSR accurately synthesize Bok’s views? In an interview last spring, Bok declined to weigh in. “I never bite the hand the quotes me,” Bok said.WILL HE TURN BACK THE CLOCK?Despite last April?...
...role in Sudan is clearly not as great as CNPC’s”—a reference to PetroChina’s parent company.“Sinopec is essentially a contractor, whereas CNPC actually owns the lead shares in the consortium that runs Sudan??s oil patch,” Goodman wrote. Sinopec is in the process of building a pipeline from the Melut Basin of southern Sudan to a Red Sea tanker terminal, according to an article by Goodman in the Washington Post from December 2004. A report from Reuters in October...
Although Harvard severed ties with one Chinese oil firm linked to Sudan??s government less than a year ago, the University has increased its holdings in another Beijing-based energy company with ties to the Sudanese regime. Harvard increased its possessions of China Petroleum and Chemical Corporation, also known as Sinopec, by 1,150 shares, to 134,050 shares in the last quarter of the calendar year 2005. If Harvard has maintained its holdings since Dec. 31, the value of its Sinopec shares would have been approximately $7.8 million as of the close of the New York Stock...
Edwards said America must set an example for the world. He lamented what he said was the government’s failure to respond to the situation in Sudan??even after it promised never to disregard genocide again following the conflict in Rwanda...
Demands that the University divest from Sinopec—another Chinese company with ties to Sudan??as well as the formation of Burma Action Movement (BAM), which called for divestment from Unocal, seemed to lack necessary research. The ultimate goal of the groups was clearly a righteous one, but instead of properly investigating the true ties between the respective companies and the oppressive regimes, they seemed to latch onto the success of the divestment campaign. Students should not be overly hasty in their calls for divestment; simply because it was appropriate in the case of PetroChina does...