ExxonMobil investors urged to approve shareholder resolution calling on company to publish payments to Indonesian military for Aceh operations
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Groups Call on ExxonMobil to be Transparent About its Relationship With Indonesian Military in Aceh; Urge Pension Fund Industry & Institutional Investors to Vote "Yes" on XOM Shareholder Resolution
Author: East Timor Action Network
Thirteen organizations have joined the Boards of Trustees of the New York City Pension Funds in urging ExxonMobil management to publish what it pays the Indonesian military (TNI) to "protect" the company's liquefied natural gas (LNG) operations in the Indonesian province of Aceh...The groups specifically target TIAA-CREF...
proposal...submitted by the New York City Teachers' Retirement System: "...shareholders request that management review and report to shareholders, by September, 2005, on the corporation's security arrangements with the Indonesian government and private security forces, including support, both monetary and in kind, to the Indonesian government and military..." ...The Board recommends you vote AGAINST this proposal...We condemn human rights violations in any form...we have specifically communicated to the government of Indonesia our opposition to human rights abuse in any form by any organization or individual.
We are disturbed by allegations that ExxonMobil or its affiliate companies are in any way involved with human rights abuses in Aceh, and will continue to vigorously defend ourselves. ExxonMobil condemns the violation of human rights in any form. We believe the lawsuit...containing these allegations is without merit...We are deeply troubled about the violence in North Aceh...We believe our presence has been a stabilizing force in the region. [also refers to Pertamina]