Word: tatneft
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...unusual combination of circumstances presented by this particular holding”—limited its April divestiture to PetroChina, Stanford announced that it would also pull out of three other stocks linked to the Sudanese regime, including Swiss-based engineering firm ABB Ltd., Russian state-run oil producer Tatneft, and Chinese oil company Sinopec...
Harvard’s latest filings with federal regulators revealed that the University held more than $3 million in Sinopec stock and over $2 million in Tatneft shares. The filings showed no Harvard stake in ABB –although the stock is traded on several foreign markets, and the University is only required to disclose its holdings on U.S. exchanges...
Student activists have called on Harvard to cleanse its endowment portfolio of all companies that conduct business with the Sudanese government, accusing the University of following a double-standard by divesting from PetroChina while maintaining stakes in Sinopec and Tatneft...
...Harvard owned more than $3 million of stock in China Petroleum and Chemical Corp., or “Sinopec,” which is constructing a pipeline connecting oil fields to the coastal town of Port Sudan. The filings also showed that Harvard owned more than $2 million in Tatneft, a Russian company that signed a 2001 deal to explore oil fields in central Sudan...
This month, Stanford’s Board of Trustees will consider a student-faculty panel’s recommendation that the University sell its shares in PetroChina, Sinopec, Tatneft, and a fourth firm, the Swiss-based power company...