U.S. Schools Pressed To Dump Stocks Linked To Sudan

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http://www.alertnet.org/thenews/newsdesk/N10122158.htm

US schools pressed to dump stocks linked to Sudan
10 May 2005 23:49:58 GMT

Source: Reuters

NEW YORK, May 10 (Reuters) - The International Crisis Group has asked 100 U.S. universities to consider divesting any stocks they may hold in companies doing business in Sudan, in protest at the government's treatment of civilians in Darfur, the nonprofit advocacy group said on Tuesday.

"The divestment of any such stock would send a strong signal to the Sudanese regime and those who support it about the unacceptability of the government's actions in Darfur," the group said in the letters.

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Harvard University announced last month that it was selling its stake in PetroChina <0857.HK><PTR.N>, a unit of state-owned oil company China National Petroleum Corp., in protest at the Khartoum government's policies in Darfur.

Harvard President Lawrence Summers said at the time that PetroChina's parent company played a leading role in Sudan's oil industry.

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