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Article

14 Apr 2003

Author:
Carola Hoyos, Financial Times

Total launches review of corporate ethics

TotalFinaElf has launched an independent review of its safety and ethical standards as it attempts to shed its controversial image. The French oil group has come under fire from a mixture of non-governmental organisations, safety regulators and some shareholders because of its links with regimes in Iran, Iraq and Libya, as well as its accident record...Mr Cordier [Jean-Pierre Cordier, head of Total's ethics committee] said that Total had no plans to abandon any of its more sensitive operations. Of Burma, its most controversial, he said: "We could pull out, but what would happen? Would it improve the situation?"