America

Wednesday, April 06, 2005

Harvard University to Sell Stake in Chinese Oil Company

Divestment of Chinese company stock due to human rights abuses? For what -Tiananmen Square? Repression of Christians?

Nope, not for its internal abuses but for its involvement with another government that is involved in genocide- Sudan- as reported here.
Harvard University, after months of pressure from student activists, will sell an estimated $4.4 million stake in a subsidiary of China's top oil and gas producer because of its ties to the Sudanese government.

Of course, not every repressive regime need tremble:
The university made clear that the decision on PetroChina does not mean that other investments will be guided by political considerations, but that it considered Sudan a special case.

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