(The following is a reformatted version of a press release
issued by the Office of the New York State Comptroller and
received via e-mail. The release was confirmed by the sender.)
November 20, 2012
NEW YORK STATE COMPTROLLER THOMAS P. DINAPOLI ON BASELESS
ALLEGATIONS BY CHEVRON
This is a baseless attempt by big oil to intimidate me and it
won’t work. The allegations are without merit.
Since 2004, the New York State Common Retirement Fund, along
with dozens of leading investors worldwide, has called on
Chevron to settle its nearly two-decade-long legal battle for
polluting the Amazon. Chevron refuses. This effort is about
protecting shareholder value and fulfilling my fiduciary
responsibility to the New York State Common Retirement Fund.
Instead of owning up to its corporate responsibility, time and
again Chevron has denied its responsibility, distorted the facts
and ignored the ruling of a court of law.
I am confident that JCOPE will see through this blatant attempt
to intimidate responsible shareholders who dare to question
Jennifer Freeman, 518-474-4015 or Eric Sumberg, 212-681-4840
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