Monday, February 20, 2006

Oil and Gas: Yale University sells off Sudan oil stocks

Yale University, has confirmed it is selling off its oil stocks linked to the African nation of Sudan because of accusations of genocide.

Yale President Richard Levin, said: "The time-honored principles that Yale observes as an ethical institutional investor have guided us to take this strong action."

The Sudanese government has been accused of using its oil wealth to wage genocide against the people in the western Darfur region.