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13 Oct 2006

Benoit Faucon, Dow Jones

Oil Companies Revamp Ethical Plans as Legal Risk Grows

[A lawsuit against ExxonMobil relating to alleged abuses by the Indonesian military in Aceh] exemplifies how oil companies now face a rising risk to their reputations from the use of extra-territorial legislation. [They] increasingly invest in more risky and unstable parts of the world, leaving them open to charges of collusion with questionable regimes or practices... And that means the companies are implementing new, more stringent corporate policies, while at the same time trying to avoid a public airing of uncomfortable allegations in the courts. [also refers to lawsuits against Total (regarding Burma), Shell (regarding Nigeria), Talisman (regarding Sudan), BP, Unocal (now part of Chevron, regarding Burma)]

Part of the following timelines

ExxonMobil lawsuit (re Aceh)

Unocal lawsuit (re Myanmar)