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Article

10 Apr 2010

Author:
Interview with Bennett Freeman, head of sustainability research at Calvert, in Critical Resource

‘We will push harder than ever’: Q&A with leading ethical investor

"We often push on an open door [with extractive firms] when it comes to human rights and revenue transparency-related issues because we are often asking companies to strengthen established commitments and practices...although we are pushing hard now on the mandatory disclosure legislation... Clearly we must push hardest on the whole nexus of company positions on climate change-related public policy... we had been impressed by the alignment of BP, Shell and ConocoPhillips in the U.S. Climate Action Partnership (USCAP)...together with non-extractives behemoths such as GE and DuPont... [The] dominance of American companies in the development of [Equatorial Guinea's] oil resources give both the companies and the U.S. Government a shared responsibility to help improve governance and the rule of law in what remains...a country with one of the most repressive and corrupt regimes in the world." [also refers to ExxonMobil, Newmont]