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canada goose coats An employee fills up a tank at a PetroChina’s gas station in Xining, west China’s Qinghai province, November 7, canada goose coats on sale 2007. REUTERS/Simon Zo canada goose coats

canada goose clearance The sales of shares of China PetroChina Co Ltd, CNPC Hong Kong and Sinopec, and Oil and Canada Goose online Natural Gas Corp of New Delhi totaled about $60 million, TIAA CREF said on https://www.canadagooseoutlet4sale.com Monday. canada goose clearance

canada goose store The stakes sold were just a small slice of New York based TIAA CREF assets under management, which stood at $402 billion at the end of September, and a tiny cheap Canada Goose percentage of the oil companies market capitalization. canada goose store

Canada Goose Parka Still, the move could put more pressure on the canada goose uk black friday companies over their business ties to canada goose clearance Sudan government, which is widely accused of war crimes. Canada Goose Parka

The move by TIAA CREF, which provides financial services to nonprofits like hospitals and universities, also marks a milestone for rights activists who have tried for years, mostly Canada Goose sale in vain, to line up the influential fund industry behind its social agenda.

canada goose black friday sale hope this could send a strong message to the companies, said Hye Won Choi, TIAA CREF head of corporate canada goose factory sale governance. She said her Canada Goose Parka firm had sold the shares only after talks with the energy companies went nowhere. canada goose black friday sale

Canada Goose Outlet India ONGC said it was concerned about TIAA CREF move but the firm business in canada goose uk outlet Sudan would continue. Canada Goose Outlet

Canada Goose Jackets ONGC, which leads India hunt uk canada goose for foreign petroleum assets, entered Sudan about seven years ago, buying a 25 percent stake in the buy canada goose jacket Greater Nile canadian goose jacket Project, from which Canada Talisman Energy Inc exited under pressure from human rights group. Sharma said, reacting to Canada Goose Outlet TIAA CREF move. Canada Goose Jackets

canada goose deals operations area is away from any disturbed activity area. Secondly, we are very much conscious that we do not support suppressive activities. Any investor group withdrawing support causes pain and concern, Sharma told Reuters. canada goose deals

buy canada goose jacket ENGAGEMENT always believe engagement is far more effective than divestment, Canada Goose Online Choi said, noting that TIAA CREF did not sell shares of companies doing business in South Africa in the 1980s, the last major public effort to promote divestment. buy canada goose jacket

canada goose clearance sale in this situation, engagement was not effective, and we believed the gravity and magnitude of the situation in the Sudan required a different response, she said. canada goose clearance sale

Canada Goose online The companies are among those whose royalty payments activists blame for propping up Sudan government. The International Criminal Court has charged the nation president, Omar Hassan al Bashir, with crimes against humanity and war crimes stemming from the ongoing conflict in the country western Darfur region. Canada Goose online

canada goose coats on sale Asked about the canada goose black friday sale sales, a Sinopec spokesperson said: make rational judgments based on value. If some sell, others will buy. The other companies were Canada Goose Jackets not immediately available for comment on Monday. universities, state pension funds and other organizations have sold shares of the companies, hoping to put pressure on the central government in Khartoum. canada goose coats on sale

However, large mutual fund firms, including Fidelity Investments, Vanguard Group Inc and American Funds parent Capital Group Cos, have resisted calls to do the same. Some said their investments could create leverage to improve conditions in troubled countries.

canada goose TIAA CREF blazed a trail when it said in March it would seek meetings cheap canada goose uk with the four companies and Petronas over their Sudan dealings. It had threatened canada goose store canada goose outlet nyc at the time to divest shares unless the companies began a progressive dialogue. canada goose

Only Petronas has met those terms, TIAA CREF said, adding that the Malaysian state oil company chief executive, Hassan Marican, met in Kuala canada goose clearance sale Lumpur over the summer with leaders who included the fund complex CEO, Roger Ferguson Jr.

acknowledged this was an issue of concern, Choi said, adding that other executives have held discussions since then on exactly what policy changes might improve the situation in Sudan. As of last week TIAA CREF said it held Canada Goose Coats On Sale $4.7 million worth of shares in two Petronas subsidiaries, Petronas Gas and Petronas Dagangan.

Canada Goose sale Whether TIAA CREF actions will spark similar moves by other fund companies remains to be seen. Canada Goose sale

In Hong Kong, Nicholas Yeo, an equity executive with Aberdeen Asset Management, said he canada goose didn expect other managers to follow unless their clients pressed for action.

buy canada goose jacket cheap us, PetroChina is a China play, and not solely a Sudanese one, he said. buy canada goose jacket cheap

Eric Reeves, a professor at Smith College in Northampton, Massachusetts, and prominent uk canada goose outlet critic of the canada goose uk shop Sudan regime, said TIAA CREF move was enormously important victory that would add to pressure on other fund companies.

canadian goose jacket Reporting by Ross Kerber in Boston, Chen Aizhu in Beijing, Nidhi Verma in New Delhi and Sue Lee Wee in Hong Kong; Editing by Ros Krasny, Lisa Von Ahn and Clarence Fernandez canadian goose jacket.