Article
Social Investors Press Unocal to Cut Ties to Burma
Social investors have become part of a sophisticated, multi-pronged campaign to keep the Burma issue in front Unocal senior management. (part II of a two-part article) -...Social investor activities to pressure the oil company, which in the past focused on shareowner resolutions and dialogue, have taken a step deeper into the investment world to include analyst meetings. "Investors are realizing the risk of doing business with [Burma's military junta] simply outweigh the benefits," said Heidi Quante of the Unocal Corporate Accountability Campaign. The Campaign, which is a project of Global Exchange, is working with shareowners to get Unocal to withdraw from Burma.