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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.




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Clara Jeffery, Editor-in-Chief

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