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Company survey response

ONGC (Oil & Natural Gas Corporation)

Member of UN Global Compact

Headquarters in India

ONGC website

Former UN Global Compact participant.  De-listed for not communicating on progress


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1 August 2007

[PDF] full report: "World Investment Report - Transnational Corporations, Extractive Industries and Development"

Author: UN Conference on Trade & Development (UNCTAD)

The World Investment Report 2007 focuses on the role of transnational corporations in extractive industries... Transnational corporations can bring in the finance and management skills [poor] economies need... But as we know, the extraction of natural...

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14 June 2007

US Connecticut pension to divest $11 mln from company linked to Sudan

Author: AP

Connecticut’s pension fund will sell its holdings in…[China Petroleum and Chemical Corp. (Sinopec), which do] business in…Sudan…State Treasurer Denise Nappier said…"The bottom line has been, and continues to be, to get the best possible investment...

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6 April 2007

Warren Buffett and Darfur

Author: Marc Gunther, Fortune columnist, on his blog

Could Warren Buffett’s Berkshire Hathaway be helping to support genocide in Darfur? The Sudan divestment movement — which has persuaded Harvard, Yale and Stanford, among others, to sell holdings of companies doing business in Sudan — says Berkshire...

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28 March 2007

[PDF] Myanmar, human rights and inward investment

Author: Richard Welford, CSR Asia Weekly, Vol. 3, Week 13

[scroll to page 11]...Human Rights Watch says that the decision to invest in Myanmar’s extractive industries is no ordinary business move because lives are at risk. Companies have a responsibility to make sure their investments do not lead to abuses....

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24 March 2007

Burma: Human Rights Watch warns Shwe & other gas projects threaten human rights, investments by Daewoo, ONGC, GAIL, KOGAS & others may lead to complicity in abuses

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24 March 2007

Burma: Natural Gas Project Threatens Human Rights - South Korean, Indian Investments May Lead to Complicity in Abuses

Author: Human Rights Watch

...Human Rights Watch [has] expressed concern that the proposed construction of overland pipelines to transport...gas will involve the use of forced labor, and result in illegal land confiscation, forced displacement, and unnecessary use of force...

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23 February 2007

[PDF] Response to Berkshire Hathaway’s statement on its holdings in PetroChina Company Limited, the majority-owned subsidiary of China National Petroleum Corporation

Author: Sudan Divestment Taskforce [USA]

While the Sudan Divestment holdings Task Force appreciates Berkshire Hathaway’s willingness to comment on the company’s holdings in PetroChina, we seek to clarify certain inaccuracies in the company’s statement. This document briefly summarizes the...

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21 February 2007

Berkshire Hathaway pressured to divest from PetroChina & others that do business in Sudan

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31 January 2007

Easy subscription makes compliance a casualty [India]

Author: Rajiv Tikoo, Financial Express [India]

When the United Nations Global Compact delisted 203 “inactive” companies for failing to submit their communication on progress earlier this month, it surprised by numbers as well as names. The delisted companies comprised leading Indian companies like...

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29 December 2006

Oil Industry Blamed for Polluting India's Assam

Author: Biswajyoti Das, Reuters

Assam's Pollution Control Board found the oil industry had for over four decades been destroying resource-rich areas through deforestation and preventing tree regeneration by not cleaning up spillages. Pollution control officials also found that oil...

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