News // Oil and gas worldwide
Investments of BP Group
16 February 2001 , 10:49524
Sir John Browne, BP's chief executive, insists that it would be wrong for BP to use profits from one side of its business to subsidise another side .
We hope this approach will be applied to BP's own investments in PetroChina, which - it is feared - helps to subsidise civil war in Sudan through its state-owned parent company China National Petroleum Corp (CNPC). Investment in PetroChina indirectly frees up resources for CNPC's expansion in Sudan, where it has been implicated in deaths and human rights violations.
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