This piece of content is part of multiple stories. We recommend you read this content in the context of one of the following stories:
- Chevron lawsuit (re Nigeria)
- Coca-Cola lawsuit (re Colombia)
- Shell lawsuit (re Nigeria - Kiobel & Wiwa)
- Talisman lawsuit (re Sudan)
- Unocal lawsuit (re Myanmar)
- US Supreme Ct. hears oral arguments in Kiobel v. Shell Alien Tort Claims Act case - some justices seem to favour narrowing law in human rights cases
[PDF] Investor Statement for Human Rights and in Support of the U.S. Alien Tort Statute
Author: Boston Common Asset Management & 30 other socially responsible investors & investment managers, Published on: 2 October 2012
The U.S. Alien Tort Statute (ATS)…has become an essential statute in protecting human rights against abuses, committed both by individuals and corporations…This law is currently being contested in a case before the U.S. Supreme Court, Kiobel v. Royal Dutch Petroleum (Shell)…The U.S. Supreme Court will be considering the ramifications of allowing foreign incidents to be brought to trial in the U.S. courts. Shell and the U.S. Chamber of Commerce…have returned to a long discredited argument: requiring corporate accountability decreases investment. There is no empirical evidence that in the years since the ATS was first used to address corporations, it has decreased investments in the U.S. or abroad…We are investors and investment managers representing $548 billion in assets under management and we support international legal frameworks, including the U.S. Alien Tort Statute (ATS), to protect human rights.
Related companies: Boston Common Asset Mgmt.