After having received the advice and guidance of a number of Board Members, we have decided not to handle this matter as an integrity issue of an individual company, PetroChina. The matters you raised in your correspondence could equally apply to a number of companies operating in conflict prone countries. As you have previously confirmed to us, PetroChina has been singled out largely because it, unlike many of the other companies that your coalition has been focusing on, has recently taken the step of joining the Global Compact. Since we are a learning initiative, this is a step that should be welcomed instead of criticized...[W]e have shared your letters with PetroChina and with CNPC. The latter is not yet a participant in the UN Global Compact, but has engaged in the establishment of the Local Network in Sudan. CNPC has written to me and I enclose a copy of their letter for your information.