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Article

18 Sep 2012

Author:
Simon Billenness, Committee on Workers' Capital

Unions Target New Corporate Investment in Burma

The Burmese regime’s recent partial political and economic reforms have caused trade union pension funds and their allies to renew their shareholder advocacy...[The International Trade Union Confederation (ITUC)] welcomed the return to Burma of the General Secretary of the...Federation of Trade Unions of Burma (FTUB)...[T]he CWC [Committee on Workers' Capital], AFL-CIO, and Teamsters have joined other investors to organize new shareholder scrutiny and pressure. They are working to develop a clear set of expectations of what corporations in Burma should do to avoid complicity in labor and human rights abuses. The Teamsters expect to re-file their shareholder resolution at Chevron. Other investors may well follow suit, directing their attention on other companies entering Burma.[refers to Coca-Cola, ConocoPhillips, PepsiCo, General Electric, Chevron, Daewoo, Total]