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PUBLIC MARKS from bajaenergyblog with tag "U.S. Congress"

24 February 2007 11:30

HONG KONG: Buffett Keeps PetroChina Stake, Rejects Sudan Critics

(via)
by John Viljoen Billionaire Warren Buffett's Berkshire Hathaway Inc. rejected calls to sell shares of PetroChina Co., whose parent operates in Sudan, a nation accused by the U.S. Congress of genocide. Shedding the stock, which has gained 24 percent over the past year, wouldn't ``have a beneficial effect on Sudanese behavior,'' Berkshire said in a statement. The actions of the Chinese government or parent company China National Petroleum Corp. can't be attributed to PetroChina, the company said.

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