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 executive, Hormats threw his weight behind a stock offering that helped to finance Sudan’s genocidal regime. He did so in a deceptive and, as it turned out, illegal manner. And he did so despite the fervent opposition of a broad coalition concerned about the link between oil revenues and the Sudan genocide. This coalition included government officials (including members of the Reagan administration), labor unions, human rights organizations, and religious groups.
The Public Accountability Initiative (PAI, the 501c3 behind LittleSis) will be releasing the Hormats research in the form of a report and circulating it to various stakeholders and Senate offices. The introduction is below, the full report is here.
