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: sudan
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 …