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<DIV id=nonchrome class=clear jQuery1266483267796="35">David Weidner's Writing on the Wall
Aug. 16, 2007, 12:01 a.m. EDT · Recommend (2) · Post:![]()
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Did Buffett prod China to act in Sudan?
Commentary: Berkshire sold PetroChina, and China moved on Darfur
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<DIV id=maincontent class="sixwide rightborder" jQuery1266483267796="62"><DIV id=mainstory jQuery1266483267796="61">Alert Email Print Share By David Weidner, MarketWatch
NEW YORK (MarketWatch) -- Which Warren Buffett sold shares in PetroChina Co. Ltd., the philanthropist or the capitalist?
Be it coincidence or by design, Buffett and Berkshire Hathaway Inc. sold a small stake in the Chinese oil company a few days before July 31, when the United Nations passed a groundbreaking resolution. The agreement authorizes a U.N. peacekeeping force of 26,000 to police Darfur. It's an agreement brokered largely by the support of China.
The police force is a small first step in the bid to end the violence, and the resolution authorizing it did not come easily. The Economist magazine reports that the West's efforts to pressure the Sudanese government largely have been ineffective.
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