Word: sudan
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Dates: during 2000-2009
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Since we, the Harvard Darfur Action Group, sent our letter to Interim President Derek C. Bok on March 8, some people have asked, “Why do we have yet another divestment campaign? Didn’t Harvard divest from Sudan already?” The answer is not yet. Harvard has only divested its direct holdings in two Chinese oil companies: Petrochina and Sinopec. The focus of our campaign, however, is not Harvard’s indirect holdings in these companies. While we do want Harvard to divest from stocks, exchange traded funds, index funds, and other financial...
Take Petronas, a Malaysian oil company in which Harvard has holdings: It has already completed a $1.2 billion oil development project, and since the start of the genocide, it has announced that it is constructing a $1 billion oil refining facility in Port Sudan, set to be completed by 2009. Worst of all, Petronas’ fuel is used for government military aircraft, which then bomb villages in Darfur...
...company in which Harvard has holdings: CEO Andrew Gould came to speak at Harvard last week and said, “A presence in any country is characterized by a long-term commitment regardless of the regime.” Including genocidal dictators. Schlumberger’s presence in Sudan involves providing services to the three largest oil players in the country—China National Petroleum Company (parent company of Petrochina), the Oil and Natural Gas Company of India, and Petronas. Gould told me that his company pays $13.2 million every year to the Sudanese government and Sudan?...
...from the “blanket policy” of which the targeted divestment campaign has been accused. We have never advocated for “total divestment.” We recognize that it would be both impossible and harmful to the people of Sudan. Our policy is narrowly tailored to ensure that only companies that are funding the genocide and doing nothing to stop it—just like Petrochina and Sinopec—are targeted. Harvard has already decided two companies of this type merit divestment for their role in the genocide; we are merely asking them...
Brandeis sophomore Daniel Millenson, the head of the Sudan Divestment Task Force, said in a phone interview last night that Schlumberger has ties—indirectly—to the Sudanese government through oil consortiums the firm participates in with native Sudanese companies...