Company survey response

PetroChina (part of China National Petroleum Corporation)

Member of UN Global Compact

Headquarters in China

PetroChina website

PetroChina website (in Chinese)

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.

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21 August 2009

UN Global Compact board rejects request to remove PetroChina from initiative over alleged complicity in human rights abuses in Sudan

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Article
21 August 2009

[PDF] Report of meeting of the Global Compact Board, United Nations Headquarters, New York 24 July 2009

Author: UN Global Compact

The Board agreed that the operation of a company in a weakly governed or repressive environment could not be sole grounds for removal from the initiative and that the Global Compact, as a learning platform, cannot require a company to engage in...

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Article
13 August 2009

Two shareholders complain of Fidelity proxy problems

Author: Ross Kerber, Reuters

Representatives of mutual fund giant Fidelity Investments tried to impede two shareholders from voting against the company's board in a proxy contest over a human rights issue, the shareholders said. Shareholders of nine funds will vote on Friday on a...

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Article
3 August 2009

Role in PetroChina IPO Raises Concerns on Hormats’ Nomination for State Dept Post [USA]

Author: Genocide Intervention Network and Investors Against Genocide

Genocide Intervention Network and Investors Against Genocide sent a letter to...the Chairman of the Senate Foreign Relations Committee and...regarding the pending nomination of Robert Hormats as Undersecretary of State for Economic, Energy and...

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Article
25 July 2009

Ban Ki-moon: integrity of the Global Compact is a "paramount concern"

Author: Global Compact Critics

The UN Secretary-General...said that the integrity of the Compact is a "paramount concern" and that he relies on the Board "for guidance about ensuring the accountability of participant engagement"...One of the most important points on the agenda of...

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Article
23 July 2009

The Janus Head: the double-faced nature of China’s state owned enterprises

Author: Tabasum van Til LL.M., on Global Compact Critics

In the light of the complaint against PetroChina, which will be discussed at the Global Compact Board meeting on July 24, 2009, it is important to understand the intricate nature of China's state owned enterprises (SOEs). In the communications between...

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Article
9 July 2009

Blood Money on Wall Street - U.S. Fund Companies Need to Take a Stronger Stand for Human Rights

Author: [column] David Weidner, Wall Street Journal

Given the choice, we would reject profiting from criminal activity… [W]e wouldn't accept cash from a regime supporting genocide. It wouldn't even be a choice -- for most of us. That's why it's so repulsive that mutual-fund companies including Vanguard...

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Article
5 July 2009

‘Genocide-free’ proposal rejected at Vanguard

Author: Associated Press

Vanguard Group shareholders last week rejected an activist proposal that would have required the mutual fund company to adopt stricter screening of investments that may be linked to genocide in international hot spots like Sudan’s Darfur region.....

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Story
2 July 2009

UN Global Compact board meets, welcome new members

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Story
2 July 2009

Vanguard shareholders reject proposal for stricter screening of investments that may be linked to genocide

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