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 …

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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 …

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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 …

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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 …

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