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 FOR RELEASE:

Immediately
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.

Recent Actions by the NYS Common Retirement Fund:


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