European Coalition on Oil in Sudan propose resolutions at Lundin's AGM asking for co-operation with Public Prosecutor's investigation into international crimes committed in Sudan

Get RSS feed of these results

All components of this story

Article
26 April 2012

Memo re shareholder resolutions submitted to Lundin Petroleum AGM

Author: European Coalition on Oil in Sudan (ECOS)

As the Company has, time and again, failed to refute allegations and to confront its Sudanese legacy, we are now calling upon its shareholders to take responsibility. A vote in favour of the five proposals is an elegant and effective way to restore the Company’s reputation and protect its interests. This memo outlines why a vote for the proposals is in the best interests of the Company and its shareholders, and why the management’s reasoning to vote against the resolutions is slapdash and unconvincing.

🚫Read the full post here

Company response
24 April 2012

Lundin Petroleum AB’s response to Business & Human Rights Resource Centre request dated 5 April 2012

Author: Lundin Petroleum

Lundin Petroleum has received requests for shareholder proposals…to be included in the Notice of its Annual General Meeting to be held on 10 May 2012…The shareholder proposals were included in the Notice and will be addressed at the Annual General Meeting. The Board of Directors of Lundin Petroleum unanimously recommends that shareholders vote against the proposals and has published the reasons for its recommendation under the AGM section of the Company’s website www.lundin-petroleum.com. Lundin Petroleum has refuted allegations and denies any wrongdoing in relation to its past activities in Sudan and Ethiopia. For further information, please refer to the Corporate Responsibility section of the Company’s website www.lundin-petroleum.com.

Read the full post here

Article
1 April 2012

[PDF] Proposals for resolutions to be presented at the Annual General Meeting (AGM) Lundin Petroleum AB (publ) Thursday 10 May 2012

Author: European Coalition on Oil in Sudan (ECOS)

[Resolutions include:] Resolution regarding the protection of the reputation of the Company and its shareholders...Resolution regarding the authorization to promote the course of justice [concerning the investigation by Public Prosecutor Magnus Elving into links between international crimes committed in Sudan and Sweden]...1...Resolution regarding the implementation of the UN “Protect, Respect and Remedy” Framework for Business and Human Rights, 2...Resolution regarding prevention of conflict of interest

Read the full post here

Article
1 April 2012

[PDF] Supporting Statements to Proposals for resolutions to be presented at the AGM in Lundin Petroleum AB (publ) Thursday 10 May 2012

Author: European Coalition on Oil in Sudan (ECOS)

Two years ago, the Public Prosecutor for International Crimes, Magnus Elving, opened a criminal investigation into Swedish links with violations of International Humanitarian Law in Sudan. The investigation is on-going and likely to continue for several more years. This protracted state of uncertainty goes against the interest of the Company. By pro-actively supporting the Public Prosecutor and handing all relevant files over to him, the investigation will gain speed and the Company and its shareholders will be publicly showing their genuine commitment to the course of justice. Furthermore, such undertaking would limit the risk of a house search by the criminal police. Finally, by making all available data available to the Public Prosecutor, the potential for a conflict of interest between the Company and individual members of its senior management and Board would be minimized.

Read the full post here

Article
21 June 2010

Prosecutor probes Swedish link in Sudan crimes

Author: Reuters

Sweden's public prosecutor opened a criminal investigation...into allegations that Swedes working for a consortium of oil companies during the Sudanese civil war may have been complicit in human rights abuses...The investigation follows a report...by a group of agencies which accused the consortium...of possible complicity in atrocities committed in Sudan between 1997 and 2003. It has prompted two opposition parties to urge Carl Bildt, currently Sweden's Foreign Minister, to clarify his role on the board of Lundin Oil during that period...The consortium -- made up of Lundin Oil, Malaysian firm Petronas, Austrian energy group OMV and a Sudanese state-owned firm -- signed a deal in 1997 with Sudan's government to exploit oil in disputed areas, ECOS wrote. The start of exploration set off a vicious war as the government sought to take control of oil fields in the area, leading to thousands of deaths and the forced displacement of local populations, ECOS wrote in its report...Ian Lundin, chairman of Lundin Petroleum, dismissed the allegations in an open letter, writing that Lundin Petroleum "has, at all times, been concerned with the interests and respected the rights of the people of Sudan."

Read the full post here