Monday, 31 May 2010Jeremy Mullins
The Phnom Penh Post
SEVERAL measures aimed at increasing Chevron’s transparency when operating in developing nations were defeated in a vote by shareholders at the firm’s annual meeting late last week.
Proposals to disclose payments made to host governments and to establish a human rights committee, initiated by Oxfam and five other Chevron shareholders, received the support of only 7 percent of total shareholders, according to a Chevron statement announcing the results of the meeting late Wednesday.
Chevron officials declined comment over whether it had made payments to secure rights to Cambodia’s offshore oil and gas Block A, citing “contractual arrangements” and “commercially confidential information” when contacted earlier this month. Company officials could not be reached for comment Sunday.
Cambodians for Resource Revenue Transparency chairman Mam Sambath said increased transparency would ease tensions between extractive industry firms and local communities.
“Secrecy encourages conflict,” he said in statement issued by Oxfam release. “We don’t want this to happen because we want Chevron to stay.”
The organisation noted it could re-file the motion for discussion at next year’s annual meeting, and continued to call on Chevron and its shareholders “to support disclosure of all payments to host governments”.
Proposals to disclose payments made to host governments and to establish a human rights committee, initiated by Oxfam and five other Chevron shareholders, received the support of only 7 percent of total shareholders, according to a Chevron statement announcing the results of the meeting late Wednesday.
Chevron officials declined comment over whether it had made payments to secure rights to Cambodia’s offshore oil and gas Block A, citing “contractual arrangements” and “commercially confidential information” when contacted earlier this month. Company officials could not be reached for comment Sunday.
Cambodians for Resource Revenue Transparency chairman Mam Sambath said increased transparency would ease tensions between extractive industry firms and local communities.
“Secrecy encourages conflict,” he said in statement issued by Oxfam release. “We don’t want this to happen because we want Chevron to stay.”
The organisation noted it could re-file the motion for discussion at next year’s annual meeting, and continued to call on Chevron and its shareholders “to support disclosure of all payments to host governments”.
4 comments:
If Chevron makes a mess likes BP does in USA we would kill Hun Sen..
crooks doing business with crooks
You can call them crooks, but all business operate for profit, they are NOT charity or NGO. If you buy their stocks, you don't give a dame what they do, as long as the stocks going up.
I'm GAY said...
Yuon exercising its colonial power.
Yuon's new strategies see in an article:
« Le Vietnam au Kampuchéa : La stratégie de consolidation »
by Justus M. Van Der Kroef.
Études internationales, vol. 15, n° 2, 1984, p. 291-309.
I copied a little portion from th abstract. To share.
[Hanoi govemment has sent some 40,000 Vietnamese party cadres, civil officiais and professionally trained to direct public affairs. Additionally, some 100,000 Vietnamese farmer s hâve migrated
into Kampuchea, settling in such key provinces as Kompong Speu, Takeo, and Kompong Cham. Additional tens of thousands of Vietnamese settlers hâve moved into
cities and the disputed frontier area. As fighting between the Vietnamese and résistance
groups affiliated with the ''Coalition Government of Démocratie Kampuchea" intensifies,
the Hanoi régime also has been expanding its logistical-military network. This inciudes the construction of a new road network — popularly called the "New Ho CM Minh Trail" — linking the Vietnamese cities of Hue and Vinh, across Southern Laos,
with Northwestern Kampuchea. Additionally, during the early weeks of 1983, a twentyfive
kilomètres long trench, studded with landmines and bamboo spikes has been constructed just inside the Kampuchean frontier, running from the village of Kop
beyond the village of Yeang Dangkum — a région of fréquent guérilla clashes. Along
with the 180,000 man force of regular military maintained by Vietnam in Kampuchea, thèse measures indicate intentions of Hanoi's consolidation of power. Especially in Southeast Asia fears hâve arisen of a permanent Vietnamese "colonization" process in Kampuchea.]
KI if you are serving Khmers not Yuon, you need to stop mocking around in RED. Your job as KHmer if you are, then search all secret informations (History wrote by real historians by the west) that Yuon have been doing to Cambodia. Post the history How Yuon did kill Khmers, so the Khmers can learn the real history not gossiping. I have so many old documents were written since 1800's, 1900's, I copied from the libraries in Ducth, France, but I have to store them all before they may disppeared. I knew when I start to post them, Yuon will try to kill me as they did to Khmer intellectuals. But I will post them in this very near future for you all to know the facts of savage Yuon.
Post a Comment