Wednesday, May 28, 2008

Chevron Shareholders Put Profits Before Human Rights

From the International Herald Tribune:

SAN RAMON, California: Activists are taking advantage of Chevron's annual shareholders meeting to blast the oil giant for alleged environmental and human rights abuses overseas.

At its corporate headquarters in San Ramon, California, on Wednesday, Chevron Corp. Chief Executive David O'Reilly faced intense criticism at the meeting for its past and present operations in Ecuador, Nigeria and Myanmar.

And outside, dozens of demonstrators waving "Clean Up Chevron" signs protested at the gates of its suburban campus.

But despite increasingly vocal complaints, Chevron shareholders voted against six proposals aimed at improving its human rights and environmental record abroad.

O'Reilly also told shareholders that he expects gas prices to fall over the next couple years as supply rises to meet increasing global demand.