Word: terrorists
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Just as Sinopec fails to consider genocide sufficient reason to cease operations in Sudan, the company recently cemented a cozy oil and natural gas deal with Iran, a country whose determination to develop a nuclear weapons program threatens regional security—to say nothing of its sponsorship of terrorist organizations such as Hamas, Hezbollah and al Qaeda. The deal offers China access to Iran’s Yadavaran oilfield and a 30 year supply of liquefied natural...
Harvard does not have to be so passive about where it invests its endowment funds, or how it approaches emerging political and security risk categories. Harvard is part of an institutional investor community that exacerbates human rights abuses in Sudan and sustains terrorist-sponsoring states by investing in PetroChina, Sinopec, and dozens of other companies active in the world’s pariah states. According to the Center for Security Policy’s Divest Sudan initiative, 87 U.S. public pension funds have invested more than $90 billion dollars in 83 public companies that maintain active business projects in Sudan...
Although students and professors may find these investments unconscionable, the HMC will defend its holdings with companies active in Sudan and other terrorist-sponsoring states in three ways. First, they will claim that divesting will hurt financial returns for Harvard’s endowment, which will limit academic enrichment opportunities for the community. Next they may respond that Harvard’s endowment should not be used as a political tool. Or, as HMC president Jack Meyer told the Crimson last week, divesting from companies may hurt job prospects for Sudanese civilians...
However the HMC intends to rationalize investments, Harvard has already twice divested South African holdings in the 1980s and tobacco companies in the 1990s. One would think that divesting from companies operating in genocidal and terrorist sponsoring states is of more immediate concern than previous divestment campaigns...
...truly shameful that administrators, alumni and student leaders of America’s most prominent university, who were in a position to influence public opinion at a critical time, remained indifferent to Germany’s terrorist persecution against the Jews,” Norwood said at a conference at Boston University sponsored by the David Wyman Institute for Holocaust Studies...