CRAWFORD, Texas, Dec 31 (Reuters) – U.S. President George W. Bush on Monday signed into a law a measure aimed at allowing states, local governments, mutual funds and pension funds to divest from Sudan businesses, particularly its oil sectors.
Some 20 U.S. states have initiated divestment efforts because of the conflict in Sudan’s Darfur region, which [...]
Prepared Remarks of Office of Foreign Assets Control Director Adam J. Szubin on the Treasury Department’s Role in Addressing the Situation in Darfur Before the Senate Committee on Banking, Housing and Urban Affairs
Washington, DC — Chairman Dodd, Ranking Member Shelby and Members of the Committee, thank you for the opportunity to speak to you today [...]
WASHINGTON, Aug 12 (Reuters) – The campaign to persuade U.S. companies and investors to halt the flow of dollars to war-torn Sudan through China and other countries is making significant progress, activists say.
U.S. sanctions on Sudan, where conflict in the Darfur region has been branded “genocide” by President George W. Bush, already limit most transactions, [...]
KHARTOUM, Aug 3 (Reuters) – Sudan has strong potential for oil exploration and expansion but big European players will be reluctant to invest for fear of pressure from groups advocating divestment because of violence in its Darfur region.
This has left the door open to Chinese firms, less sensitive to shareholder opinion, whose country is hungry [...]
