(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 Chevron’s actions. Contact: Jennifer Freeman, 518-474-4015 or Eric Sumberg, 212-681-4840 (sgp) NY #<278855.14078.3.1.0.0.76>#
DINAPOLI SAYS ALLEGATIONS BY CHEVRON WITHOUT MERIT
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