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Bad bankers and objectionable oil

Mar. 31, 2000

It’s a deal only Goldmann-Sachs could love. Everyone’s favorite investment bankers have been getting busy with PetroChina, a subsidiary of the China National Petroleum Company.

The multinational scheme would not only construct a 7,000-mile pipeline from Tibet to Shanghai, but also lay off millions of CNPC workers and, according to the INTERNATIONAL CAMPAIGN FOR TIBET, support CNPC’s expansion in the Sudan, where it is apparently complicit in the killings of Sudanese Christians.

In a heroic effort, however, a coalition of Tibetan rights, environmental, anti-slavery, and labor groups have succeeded in partially thwarting this cross-border malfeasance. After the coalition persuaded investment giants to pass up the deal, Goldmann-Sachs has lowered its financing goal by nearly 75 percent. Naturally, more work needs to be done, so follow the link below to help out Tibetan freedom, Chinese workers, and Sudanese Christians all at the same time.

Read the INTERNATIONAL CAMPAIGN FOR TIBET story here.

KS

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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