Investor's Eye on the Amazon - May 2012
- May 2012
- Amazon Watch
In this Spring edition of Investor's Eye on the Amazon, we would like to draw your attention to investor resolutions at Chevron, where four separate resolutions have been filed related to corporate governance issues and management of legal liabilities in Ecuador. In addition, an investor's letter to the company has a deadline of May 14th.
Also featured here is news from Talisman Energy, whose CEO announced that after years of ignoring indigenous protests in northern Peru, the company may pull out of the country altogether.
Finally, Brazil's mining colossus Vale has come under sustained attack by Brazilian shareholders who are protesting Vale's huge investments in disastrous projects like Brazil's Belo Monte dam, one of the main reasons for which the company won the "Public Eye" award, known as the "Nobel Prize of Shame" for the world's worst corporate offenders of human rights and environmental principles.
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