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Wednesday, February 15, 2006

Yale divests from Sinopec

Last week, the Crimson informed us that Harvard had increased its investments in a Chinese oil company named Sinopec. Today, Yale divested from Sinopec and six other oil companies completely saying:
Yale’s decision to divest from these oil companies, which are actively conducting operations in Sudan, is based on the finding that more than half of the Sudanese government’s revenue is derived from oil. As the source of such revenue, the companies are presumed to be committing “grave social injury” by providing substantial assistance to the perpetrators of genocide.
Last year's divestment success at Harvard was exciting, but don't be fooled: according to Yale's study we are still funding genocide. There is no moral distinction that I know of between Sinopec and PetroChina, so it's time for Harvard to stand up and do the right thing.

2 Comments:

At 11:35 AM, Blogger Jeremy Singer-Vine said...

Agreed. Does anyone know what the Harvard Darfur Action Group is doing about this?

 
At 4:17 PM, Blogger deborah ho said...

This Friday at 7pm, "Darfur: A Short History of a Long War" Book release is being held at the COOP with author Alex de Waal, a leading advocate on Sudan and the history of the region.

Also, check out Chad Hazlett and Rebecca Hamilton's Op-Ed on the situation printed in Wednesday's Globe.

 

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