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Gold/Mining/Energy : TLM.TSE Talisman Energy -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (538)	11/2/1999 7:46:00 AM
From: Tomas	Read Replies (1) \| Respond to of 1713

Sudan: U.S. Commission on International Religious Freedom Urges President to Ban Foreign Investors In Sudan Oil Pipeline From U.S. Stock Markets WASHINGTON, Nov. 1 /PRNewswire/ -- The U.S. Commission on International Religious Freedom is urging the Administration to ban the China National Petroleum Corporation (CNPC) and any affiliates from U.S. stock exchanges because CNPC intends to use the money it raises from its upcoming public stock offering to help finance Sudan's new oil pipeline. The Treasury Department is currently reviewing whether the 1997 Executive Order regarding sanctions against Sudan can be applied to deny such access to U.S. capital markets. ``Revenue from the pipeline would insulate the Khartoum government from the impact of economic sanctions, and thus undermine American policy and the peace process,' notes Rabbi David Saperstein, Commission chair. The Sudan government has waged civil war against the south, resulting in two million deaths and four million displaced Sudanese. Executive Order 13067 issued by President Clinton on November 3, 1997, under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), imposed sanctions against Sudan. In a meeting with President Clinton on October 20 and a letter to him on October 22, the Commission urged him to apply this order to bar the CNPC and other companies from using American debt and equity markets to raise money for the Sudan pipeline. Otherwise, American investors would be enabling the government of Sudan to perpetuate its war against the south, which is predominantly Christian and native religionist, a war which includes patterns of forced conversion to Islam, manipulation of food aid, bombing of refugee camps, hospitals, churches, and other civilian targets, as well as enslavement. CNPC reportedly will provide 40% of the financing for the Sudan pipeline, which opened in September. The U.S. Commission on International Religious Freedom was established by the International Religious Freedom Act of 1998, 22 U.S.C. 6401 et seq., and is independent of the U.S. Department Of State and the White House. biz.yahoo.com