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Bad bankers and objectionable oil

Mar. 31, 2000

It’s a deal only Goldmann-Sachs could love. Everyone’s favorite investment bankers have been getting busy with PetroChina, a subsidiary of the China National Petroleum Company.

The multinational scheme would not only construct a 7,000-mile pipeline from Tibet to Shanghai, but also lay off millions of CNPC workers and, according to the INTERNATIONAL CAMPAIGN FOR TIBET, support CNPC’s expansion in the Sudan, where it is apparently complicit in the killings of Sudanese Christians.

In a heroic effort, however, a coalition of Tibetan rights, environmental, anti-slavery, and labor groups have succeeded in partially thwarting this cross-border malfeasance. After the coalition persuaded investment giants to pass up the deal, Goldmann-Sachs has lowered its financing goal by nearly 75 percent. Naturally, more work needs to be done, so follow the link below to help out Tibetan freedom, Chinese workers, and Sudanese Christians all at the same time.

Read the INTERNATIONAL CAMPAIGN FOR TIBET story here.

KS

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We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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