Good Company

Good Company
Good Company

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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