Total Oil is building a pipeline in Burma, a country the size of Texas in southeast Asia. The country has been a source of controversy since 1988, when an oppressive military regime took control.
Concerns stem from the company's financial support of the regime.
The Minnesota Free Burma Coalition has actively lobbied University administrators to divest stocks since December. Wednesday's meeting was to be one of the last legs of the divestment process. The committee was set to bring forth their divestment resolution to University officials, but now that there are no stocks to divest from, their agenda has changed. Warness said stocks were not dropped because of pressure from the Social Concerns Committee or the Minnesota Free Burma Coalition. Stocks were sold off simply because it was a profitable move right now in the market.