PetroChina (part of China National Petroleum Corporation)
Member of UN Global Compact
Headquarters in China
PetroChina is the listed arm of state-owned China National Petroleum Corporation (CNPC). It was created in November 1999 as part of the restructuring of CNPC.
Endowment Tied to Sudan - University bought stock in oil firm that activists say helped fuel genocide
Author: Daniel J. Hemel & Zachary M. Seward, Harvard Crimson [USA]
Harvard has invested millions of dollars in a Chinese oil company [PetroChina] whose financial dealings with the Sudanese government, human rights activists say, have funded that regime’s ongoing slaughter of its own people...PetroChina is a spin-off...
Author: Marcy Gordon, Associated Press
Black activists and religious groups are pressing public pension funds to divest a purported $91 billion in holdings of companies operating in oil-rich Sudan. [refers to Siemens, Total, ABB, Talisman, PetroChina, Calpers]
Author: Bryan J. Auchterlonie, MA candidate, Johns Hopkins University School of Advanced International Studies, in Harvard Crimson
Two weeks ago, the Crimson Staff demanded that the Harvard Management Company (HMC) divest its 72,000 shares of Chinese state-owned energy giant PetroChina because of its oil operations in Sudan...But it is...only a first step...Harvard also holds 10...
Author: Africa Energy Intelligence
In recent weeks, CNPC, advised by JP Morgan [JPMorgan Chase], has initiated talks with [its affiliate] PetroChina - advised by Citigroup in its turn - on selling the affiliate all of its international holdings, particularly in Sudan...Up to the present...
Author: Johann Hari, The Independent [UK]
...multinational corporations have ignored the pleas of human rights groups and handed money to the [Government of Sudan] in exchange for Sudan's oil. The roll-call of companies who chose to do this is long and distinguished: Siemens AG from Germany,...
Divesting From Genocide: A Conversation with Eric Reeves [co-founder] of the Divest Sudan Campaign [Part 1]
Author: William Baue, SocialFunds.com
In part one of this two-part interview, Mr. Reeves explains why shareowner action and direct dialogue with companies operating in Sudan is not an option in the context of genocide. [refers to ABB, Alcatel, PetroChina, Siemens, Tatneft, Talisman]
- Related stories: Divest Sudan campaign head: Siemens, ABB, Tatneft, PetroChina, Alcatel must suspend operations in Sudan to pressure Khartoum to stop Darfur genocide Talisman lawsuit (re Sudan)
- Related companies: ABB Alcatel (now Alcatel-Lucent) PetroChina (part of China National Petroleum Corporation) Siemens Talisman (part of Repsol) Tatneft
[PDF] full report: "Beyond the Rhetoric - Measuring revenue transparency - Company performance in the oil and gas industries"
Author: Save the Children UK
[report ranks performance of 25 companies: Amerada Hess, BP, Chevron Texaco, CNPC, Conoco Phillips, Devon Energy, Eni, Exxon Mobil, Lion Energy, Lukoil, Nexen, Norsk Hydro, Paladin Resources, PetroChina, Petronas, Premier Oil, Repsol YPF, Santos, Shell...
- Related stories: full report: "Beyond the Rhetoric - Measuring revenue transparency - Company performance in the oil and gas industries"
- Related companies: BP Chevron China National Petroleum Corporation (CNPC) ConocoPhillips Devon Energy Eni Equinor (formerly Statoil) ExxonMobil Hess Corporation Lion Energy Lukoil Nexen Norsk Hydro Paladin Energy PetroChina (part of China National Petroleum Corporation) Petronas Premier Oil Repsol YPF Santos Shell Talisman (part of Repsol) Total TransAtlantic Petroleum Unocal (part of Chevron)
Beyond the Rhetoric: Measuring revenue transparency — Company performance in the oil and gas industries
Author: Save the Children UK
Save the Children UK has created the ‘Measuring Transparency’ framework...In our first two reports...we assess the revenue transparency of [oil & gas] companies and the reporting requirements of their ‘home’ governments...The performance of 25...
- Related stories: Save the Children report ranks revenue transparency performance of 25 oil & gas companies
- Related companies: BP Chevron China National Petroleum Corporation (CNPC) ConocoPhillips Devon Energy Eni Equinor (formerly Statoil) ExxonMobil Hess Corporation Lukoil Norsk Hydro Paladin Energy PetroChina (part of China National Petroleum Corporation) Petronas Premier Oil Repsol YPF Santos Shell Talisman (part of Repsol) Total Unocal (part of Chevron)
Author: Marina Ottaway, Carnegie Endowment for International Peace, in New York Times [opinion]
Oil prices will remain high for the foreseeable future, yielding more revenue to shore up authoritarian regimes...It is imperative for the international community, led by the United States, to increase its so far timid efforts to curb the political and...