Word: bhatnagar
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Dates: during 2004-2004
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Collins, who along with Manav K. Bhatnagar ’06 started the online petition www.harvarddivest.com, said he was spurred to action when he read about the links between the University’s endowment and PetroChina in an October article in The Crimson...
Collins and Bhatnagar said in an interview after the vigil that they met with University President Lawrence H. Summers last Thursday. Summers, according to Collins, said he would “look into” the matter...
Collins and Bhatnagar write in an email, “Harvard needs to take the lead in putting financial pressure on the Sudanese government to stop the genocide in Darfur. With the largest endowment of any University in the world, when Harvard invests, people listen. The message of legitimacy Harvard sends by investing in a company like PetroChina that does business with the Sudanese government is not one we want our University to be sending...
...Crimson news article on October 25 reveals that Harvard invests in a Chinese oil company, PetroChina, with ties to Sudan. In response, Benjamin B. Collins ’06 and Manav K. Bhatnagar ’06 start a divestment petition, online at www.harvarddivest.com, asking for the University to dump its PetroChina stock...
Collins and Bhatnagar believe that there is a “clear and overwhelming” moral case for divestment and cite Harvard’s commitment to socially responsible investing. “We also hope that the petition will help raise awareness not only about the local issue of Harvard’s responsibility to invest ethically, but also about the $90 billion that private American citizens, mutual funds and institutional investors currently have invested in companies linked to the Sudanese government...