abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

26 Oct 2007

Bill Baue, Social Funds [USA]

Corporate Operations in Burma Fuel Human Rights Abuses, Say Shareowner Activists

Socially responsible investors (SRIs) and labor unions have recently sent letters to Chevron and Total urging them to speak out against human rights abuses performed by a regime financed largely by revenues from these oil companies... Now pressure is mounting on Norway’s Global Government Pension Fund...to reverse its decision not to divest from Total over human rights concerns in Burma... Simon Billenness, senior advisor for shareholder advocacy in the AFL-CIO’s Office of Investment...[said] “I see very little difference between the Chinese oil companies operating in Burma [such as CNOOC and PetroChina], and Chevron and Total”... [also refers to Unocal (now part of Chevron), Pepsico, Atlantic Richfield (Arco, now part of BP), Halliburton, Texaco (now part of Chevron)]