In his nomination hearing today, State Department nominee Robert Hormats was forced to discuss his role in the IPO of PetroChina. The IPO was the focus of a LittleSis / PAI report in late July and led anti-genocide groups to raise questions about the nomination. The nominee also faced repeated questions from the Senate Foreign …
Tag: china
New PAI report on Obama nominee’s role in PetroChina/Sudan financing
On Sunday I blogged about the key role of Bob Hormats, Obama’s recent nominee for undersecretary of state, in the stock offering of PetroChina, a company linked to Sudan’s genocidal regime. Hormats’s Goldman Sachs connection has been criticized elsewhere, but his Sudan ties deserve more scrutiny. This is no insignificant matter: as a Goldman Sachs …