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Goldman Sachs: Major Investor in Slaughterhouses

Sathya Spreads | 31.05.2006 06:39 | Animal Liberation | Anti-militarism | Ecology

Goldman Sachs which is attempting to privatize 43,000
miles of Canadian pipeline and which has a deal with the government
of China to drill in Tibet, is invested in the world's biggest
cow and pig slaughterhouse operation, the US' biggest pig
factory farm, and Monsanto.

Stop the United States of Goldman Sachs

. Goldman Sachs, major investor in slaughterhouse and animal flesh distribution companies,
dominates the US government. Henry Paulsen, CEO of Goldman Sachs, has now been nominated to be the Secretary of the Treasury Goldman Sachs is the biggest investor in Tyson's, the world's biggest butcher of pigs and cows Pensioners are captive investors in Tyson's
as well through CALPERS etc. It is also heavily invested in Smithfield, the worst pig
factory farm in the US, and in Monsanto which seeks to control the world's seeds
and food distribution. As chairman of the board of Nature Conservancy Paulsen has steered NC into allowing slaughterhouse bound animals on its 'wilderness'
tracts (perhaps as a first step to oil drilling, since Goldman Sachs has aggressively sought
oil in Tibet and Canada.) The most devastating of environmental impacts is caused by the animal agriculture industry. While Paulsen is touted as an environmentalist,
nothing is worse for the environment than the deforestation, flood
and famine associated with enslaved cattle whose agony is imposed by humans.
This week Goldman Sachs along with Maurice Greenberg's
AIG bid to control the Canadian energy market by attempting to take Kinder Morgan's 43,000 miles of pipelines private, with a 13.8 billion dollar bid.
Private equity firms have dealings hidden from the public. Many Americans
are calling for the nationalization of American pipelines, energy and utility companies, so important to national security.

Jon Corzine, governor of pharmaceutically dominated
NJ, is a former CEO of Goldman Sachs. Goldman Sachs is
also a major promoter of the war in Iraq and has many
ties to Israeli capital. Israeli capital is also
illegally
controlling ABC Disney through an extra-US holding
company deceptively
called "Shamrock."
While NPR twice reported the Bush nomination as if it
were a done deal, it is not.

War profiteering has been privatized in many cases as
well. One example is the Carlyle Group, cofounded by David
Rubenstein, which has attracted the private investment money of
George H W Bush, former UK PM John Major, and others. These men
profiteered through Donald Rumsfeld from the sale of obsolete Ambassador howitzers to the military. Gerald Ford rose to billionaire status through the help of Sanford
Weill of Citibank, another institution causing animal and environmental agony internationally.
Republican presidents whose ascendancy to power has
been fraudulent, have descended from power with stolen
monies.

US senators can turn down the nomination.
 http://www.senate.gov

------
Based on a post by Eric Reeves of Smith College:
Goldman Sachs is said to have botched the World Online IPO, been unethical with their role in the PetroChina IPO, and criminally liable in their complicity in financing oil-driven destruction in Sudan. They have violated US securities laws governing communications about the prospective PetroChina issue.Eric Reeves [April 21, 2000]
Smith College  ereeves@sophia.smith.edu
Northampton, MA 01063
413-585-3326

------------
Goldman Sachs rips off NY taxpayers:
Under the new agreement, which still requires approval of the firm's board, the city comptroller and some state authorities, Goldman would get at least $150 million in new NY city and state tax credits, as well as $600 million of new Liberty Bonds to add to the $1 billion in previously issued bonds, the officials said. Liberty Bonds, which reduce private borrowing costs at government expense, are intended primarily for commercial tenants in Lower Manhattan.

Goldman Sachs, Morgan Stanley Settle IPO Cases

By Matthew Goldstein
Senior Writer
1/25/2005 3:14 PM EST
Click here for more stories by Matthew Goldstein

In a settlement of one of the last remaining bubble-era regulatory investigations, Goldman Sachs (GS:NYSE - commentary - research) and Morgan Stanley (MWD:NYSE - commentary - research) will each pay $40 million to resolve charges that they "artificially'' stimulated demand for tech IPOs.

The Securities and Exchange Commission, in separate civil complaints, charged the two Wall Street securities firms with pressuring institutional clients seeking shares in hot initial public offerings to support the issue once it starts trading in the so-called aftermarket.

"These cases underscore the commission's resolve to ensure the integrity of IPO markets by prohibiting conduct that could artificially stimulate demand or higher prices in the aftermarket -- whether or not there is manipulative effect,'' says Stephen Cutler, the SEC's director of enforcement.

The SEC announced the settlement with the two Wall Street securities firms nearly two years after it opened the investigation into abuses in the practice known as "laddering.'' In the aftermath of the bursting of the Nasdaq bubble, laddering got a bad rap because critics viewed it as a way for Wall Street to create additional demand for IPOs in the aftermarket and drive the price for overvalued tech stocks even higher.

"The conduct here created a risk of misinformation about the demand for an IPO,'' said Mark Schonfeld, the director of the SEC's Northeast regional office.

The firms, as is customary in regulatory settlements with the SEC, neither admitted nor denied the allegations. But in the settlement the firms agreed to an injunction that prevents them from engaging in laddering again.

In October 2003, J.P. Morgan Chase (JPM:NYSE - commentary - research) agreed to pay a $25 million fine to settle a similar laddering investigation initiated by the SEC.
View user's profileSend private messageSend e-mailStudents for a Free Tibet Oppose Goldman Sachs
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Joined: 25 Dec 2005
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Post Posted: 30 May 2006 11:40 pm Reply with quoteEdit/Delete this postDelete this postView IP address of poster
URGENT ACTION:
PETROCHINA SEEKS FUNDS FOR COLONIZATION OF TIBET
by Students For a Free Tibet( sft@igc.org)Students for a Free Tibet
545 Eighth Avenue, 23rd Fl.
New York, NY 10018 USA
Tel: (212) 594-5898
Fax: (212) 594-6536
 http://www.tibet.org/sft

1. Introduction
2. Press Release
3. Sample Letter for Universities and Pension Funds
4. U.S. Public Pensions Fund Addresses1. Introduction

Tashi Delek!

There are big schemes afoot, and we don't have a lot of time. China is planning to offer stock in PetroChina, it's state-owned oil company, in an attempt to raise as much as $7 BILLION. The money would be used to extract Tibet's oil and petroleum resources, and to help China further colonize northeastern Tibet. The oil and petroleum reserves that China hopes to remove will come from the Tsaidam basin, in an area near the World Bank's proposed "China Western Poverty Reduction Project". It is also in the same general area that was filmed in "Saltmen of Tibet", a recent documentary film that some of you may have had the opportunity to see.

There is a lot we can do, but we have to act quickly. The best thing we could hope for is to stop Goldman Sachs from putting PetroChina on the stock market at all, but there is so much money at stake that this seems pretty unlikely. What we can certainly do, however, is to make sure that the offering (known as an "initial public offering", or IPO) goes down in flames. We can also make sure that China's latest attempt to get the outside world to fund their exploitation of Tibet is denounced in a very visible, public way through extensive media coverage of the scheme.

For college students, the best thing you can do is to contact your school's treasurer about the IPO, and ask them not to buy any PetroChina stock. Feel free to use the attached sample letter to help make your case! All students can talk to your parents, to see what pension funds or mutual funds they use and ask if they would be willing to send a version of the attached letter to the fund.

Another important step you can take is to contact the investment officer of your state pension fund. State pension funds are among the largest institutional investors, and are important institutions to push not to buy PetroChina. We've attached addresses for these and other important investors at the end of this message.

Finally, you can help us get this story into the media. The two ways we can let investors know that PetroChina is both a disaster for Tibet and a financial risk for investors are to contact them directly and to make sure they hear about it in the media. We have attached a press release that you can adopt for local media.

The IPO may list on the New York Stock Exchange as early as this week, or it may not happen until some time in March - but indications are that it is about to happen soon. There are rumors that it will also be listed on the London and Hong Kong exchanges as well, but that has not yet been confirmed. In any case, now is the time for action! We will keep you posted as things develop.

Free Tibet!

Lhadon, Thupten, and John H
2. Press Release

For Immediate Release:
Contact: John Hocevar
February 16, 2000
Lhadon Tethong

Student Group Moves Against PetroChina IPO Goldman Sachs Offering Would Fund China's Occupation of Tibet

(New York) - Students for a Free Tibet is calling on investors to not buy shares of PetroChina, a controversial state-owned company about to list on the New York Stock Exchange. The $5 billion initial public offering (IPO) would finance the extraction of Tibet's oil and petroleum resources for use in mainland China and provide funds to advance China's colonization of Tibet.

Students for a Free Tibet's 500 chapters will call on universities to avoid the PetroChina stock, and will educate potential buyers about PetroChina's impacts on Tibet's culture and environment. SFT is also known for its effective use of nonviolent direct action to draw attention to institutional complicity in China's occupation of Tibet.

"China is using Goldman Sachs to sell snake oil to the American people and to once again sell Tibetans down the river," said John Hocevar, Executive Director of Students for a Free Tibet. "The PetroChina offering asks investors to buy into China's exploitation of Tibet's resources and China's continued colonization of Tibet."

An operation of this scale would severely impact the Tibetan people. Resettlement of large numbers of Chinese petroleum workers into northeastern Tibet would bolster China's decades long policies of population transfer. China has already moved in enough people to reduce Tibetans to a minority in much of their own nation, but most migrants have thus far been concentrated in Tibetan cities and eastern border regions.

Environmental impacts of PetroChina's exploration and extraction would be disastrous. Northeastern Tibet is a fragile, high altitude ecosystem that has supported Tibetan and Mongolian nomads for centuries. This delicate balance would likely be shattered by PetroChina's operations. Given its disastrous record in China's Daqing oil fields, even a small-scale replication could seriously damage the region's environment.

With operations in Tibet, Sudan, Iran and Iraq, PetroChina and parent company CNPC are engaged in a global effort to secure oil and petroleum resources. In Sudan, CNPC and its partner, Talisman Energy of Canada, came under widespread criticism for their role in the deaths of nearly 2 million Sudanese and the persecution and displacement of several million more in the south. The PetroChina IPO would replicate this pattern in Tibet.

Tibet's oil reserves are in the Tsaidam Basin, the same region in which the World Bank drew a storm of criticism for its proposed resettlement of nearly 60,000 Chinese farmers. That project has been stalled by intensive grassroots opposition, and is now under investigation by the Bank's Inspection Panel.
3. Sample Letter for Universities and Pension Funds

Dear Sir:

I am writing on behalf of Students for a Free Tibet, a grassroots human rights organization with 500 student chapters around the world. I want to call your attention to the risks associated with an investment in Goldman Sachs' PetroChina IPO, not only for the people and environment of Tibet, but for any assets invested in what is in effect an investment in China's colonization of Tibet.

Concern over the role of PetroChina's parent, the China National Petroleum Corporation, in the deaths of 2 million Sudanese has already forced major restructuring of the deal, and news about PetroChina's plans for Tibet is just beginning to come out. The ensuing controversy will surely lead to a drop in the stock value as universities, pension funds, and other institutional investors liquidate their PetroChina holdings.

An operation of this scale would severely impact the Tibetan people. Resettlement of large numbers of Chinese petroleum workers into northeastern Tibet would bolster China's decades long policies of population transfer. China has already moved in enough people to reduce Tibetans to a minority in much of their own nation, but most migrants thus far have been concentrated in Tibetan cities and eastern border regions.

Environmental impacts of PetroChina's exploration and extraction would be disastrous. Northeastern Tibet is a fragile, high altitude ecosystem that has supported Tibetan and Mongolian nomads for centuries. This delicate balance would likely be shattered by PetroChina's operations. Given its disastrous record in China's Daqing oil fields, even a small-scale replication could seriously damage the region's environment.

Tibet's oil reserves are in the Tsaidam Basin, the same region in which the World Bank drew a storm of criticism for its proposed resettlement of nearly 60,000 Chinese farmers. That project has been stalled by intensive grassroots opposition, and is now under investigation by the Bank's Inspection Panel.

I am confident that you will agree that PetroChina is an unsuitable investment, both for its conflicts with the values of your institution, and for the financial risk it represents. Depending on the outcome of this IPO, Students for a Free Tibet is considering launching a divestment campaign to further draw attention to institutional complicity in China's occupation of Tibet and to deny China the funds it needs to maintain its occupation of Tibet.

Please let me know your plans regarding the IPO at your earliest convenience.



S






Sathya Spreads
- e-mail: newark27@yahoo.com
- Homepage: http://www.public-integrity.org

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