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: petrochina
Anti-genocide organizations question Hormats nomination
Anti-genocide groups are now taking action in response to our report on State Department nominee’s Bob Hormats’ suspect ties to Sudan. After the Senate Foreign Relations Committee met last Thursday to discuss a long-range strategy for Sudan, anti-genocide groups decided they had to speak up before Hormats’s nomination hearings begin on Sept. 14. On Monday, …
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 …