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09/03/2020 Source:  The Epoch Times
Author: Rahul Vaidyanath 1 min read

Canadian University Endowments Risk Investing in Blacklisted Chinese Companies

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US urges its universities to divest from firms involved in rights abuses or that threaten national security.

Canadian University Endowments Risk Investing in Blacklisted Chinese Companies
The UBC sign displayed at the University of British Columbia in Vancouver in a file photo. The university’s endowment along with many other large funds in Canada may be vulnerable to risks of investing in Chinese companies that face sanctions from the United States. (The Canadian Press/Jonathan Hayward)

News Analysis

The U.S. government sent a plea to universities to pull their endowment investments out of companies implicated in human rights abuses or that could threaten U.S. national security. But such a weighty whole-of-federal-government approach to overseeing educational institutions doesn’t quite exist in Canada to tackle this issue.

“I urge you to divest from companies that are on the [U.S.] Entity List or that contribute to human rights violations,” wrote Keith Krach, Under Secretary for Economic Growth, Energy, and the Environment at the U.S. Department of State, in an Aug. 18 letter addressed to the governing boards of American universities.

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