The Harvard Corporation has chosen to divest itself of stock in China Petroleum and Chemical Corporation, based on the company's connections to the government of Sudan, which is alleged to be complicit in crimes against humanity, war crimes and genocide.
"This is the right thing to do in light of the ongoing events in Darfur," Harvard president Lawrence Summers said in a statement March 23.
The decision to divest followed a recommendation from the Harvard Corporation Committee on Shareholder Responsibility, which concluded that the oil production activities of China Petroleum and Chemical Corporation (Sinopec Corporation) in Sudan provided critical support to the Sudanese government, according to a press release.
Harvard previously divested itself of stock in PetroChina, a Sinopec subsidiary, due to similar concerns.
The Princeton University Investment Company has no investments in companies involved with Sudan, Vice President Bob Durkee '69 has said. — Ross Liemer
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