Given his role in financing a genocidal regime, it is only fitting that Robert Hormats would salute the oil conglomerate Chevron as an example of “corporate excellence” in one of his first official acts as undersecretary of state (h/t Aleinad!). Just a few weeks ago, EarthRights International also recognized Chevron…for enriching Burma’s military junta. Chevron …
Tag: hormats
Hormats faces questions about PetroChina in Senate hearing
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 …
Hormats on Rubin
It should be no surprise that State Dept nominee Robert Hormats and Robert Rubin are well-acquainted, both Bobs having served their country at Goldman Sachs during the eighties. During the nineties, when Rubin was in the Clinton administration, they were a sort of Washington-Wall Street tandem, consistently agreeing on what was best for global financial …
Hormats exposed by Financial Times, Matt Taibbi
Our report on Obama’s State Department nominee Bob Hormats is starting to get some press. As a Goldman Sachs exec, Hormats had some dubious ties to the genocidal regime in Sudan through a Chinese oil deal. In the name of accountability, we published a report exposing his background and listed questions we wanted lawmakers to …
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 …
Obama nominee played pivotal role in PetroChina/Sudan IPO
Since Friday’s post about Bob Hormats, Obama’s most recent Goldman nominee, I’ve done a bit of research on his record. It looks very bad. Hormats was one of Wall Street’s top diplomats over the past two decades, which means that he played a starring role in every foreign financial crisis: Mexico, Russia, Thailand, etc. The …