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Human Rights Groups Question Role State Department Nominee Played in Company Active In Sudan
Two human rights groups Monday morning sent a letter to the chairman and ranking Republican on the Senate Foreign Relations Committee questioning the pending nomination of a State Department nominee because of his involvement with a company that had ties to the government of Sudan.
Goldman Sachs International Vice Chairman Robert Hormats, President Obama's pick to be Undersecretary of State for Economic, Energy and Agricultural Affairs, played an "instrumental role...in reassuring the public and the financial markets about PetroChina in preparation for that company’s initial public offering," wrote Sam Bell of the Genocide Intervention Network and Eric Cohen of Investors Against Genocide. "PetroChina’s IPO raised strong opposition due to the extensive dealings between its parent company, China National Petroleum Corporation (CNPC) and the Government of Sudan, which was under U.S. sanctions and was engaged in widespread crimes against humanity and human rights abuses in its war against Sudan’s south."
CNPC holds the controlling and managing stake in the majority of Sudan’s oil production, funding the government in Khartoum. Initially CNPC was unable to make an IPO on the New York Stock Exchange specifically because of CNPC’s operations in Sudan.