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Article

17 Mar 2006

Author:
Michelle Locke, Associated Press

UC [University of California] regents vote to divest from companies doing business in Sudan

University of California regents voted Thursday to divest from several companies doing business with Sudan in protest of the humanitarian crisis in the country's Darfur region...Specifically, UC is divesting from Bharat Heavy Electricals Ltd., China Petroleum and Chemical Corp. (Sinopec), Nam Fatt Co. Bhd. [joint venture Petronas, Land & General, Mitsui], Oil & Natural Gas Co. Ltd., PECD Bhd., PetroChina Co. Ltd., Sudan Telecom Co. Ltd. (Sudatel), Tatneft OAO and Videocon Industries Ltd. Attempts by The Associated Press to reach the companies for comment Thursday were unsuccessful. Regents also opted to send letters of concern to four more companies: Finmeccanica SPA, Harbin Power Equipment Co. Ltd., Lundin Petroleum AB and Schlumberger Ltd.