By Jeremy Mullins
The Phnom Penh Post
SEVERAL measures aimed at increasing Chevron’s transparency when operating in developing nations were defeated in a vote by shareholders at the firm’s annual meeting late last week.Proposals to disclose payments made to host governments and to establish a human rights committee, initiated by Oxfam and five other Chevron shareholders, received the support of only 7 percent of total shareholders, according to a Chevron statement announcing the results of the meeting late Wednesday.
Chevron officials declined comment over whether it had made payments to secure rights to Cambodia’s offshore oil and gas Block A, citing “contractual arrangements” and “commercially confidential information” when contacted earlier this month. Company officials could not be reached for comment Sunday.
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