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Protesters Greet Texaco Stockholders Attending Annual Meeting in Denver

May 10, 1994

DENVER (AP) _ About two dozen protesters opposing Texaco’s involvement in Burma greeted stockholders today when they arrived for the company’s annual meeting.

A leaflet being passed out by Greenpeace alleged that Texaco has ″a long history of environmental abuses ranging from a series of oil spills to EPA compliance problems.″

The environmental group also protested Texaco’s involvement in Burma where Greenpeace spokesman Jack Mento said the oil and gas company ″is building a pipeline that is destroying a forest and killing thousands of people.″

Greenpeace has accused Texaco of collaborating with a military regime called State Law and Order Restoration Council in an offshore natural gas project.

Texaco spokesman David Dickson said the company has ″not declared whether the field is commercial yet.″

Dickson said Texaco is not building a pipeline now but if the field is declared commercial, the pipeline is a possibility.

If the pipeline is built, he said, ″the company will follow international standards to minimize the environmental effect.″

In response to accusations of cooperation with the state regime in the country now called Myanma Naingngandaw, he compared it to the company’s involvement in South Africa.

″Economic investment, the training we provide, health services and the myriad of other economic advantages can bring that country into line with the U.S. and the rest of the world,″ Dickson said.

Nuns from the Sisters of Loretto order also were among protesters. The order is a stockholder in Texaco. One of the nuns said the order planned to introduce a resolution challenging Texaco to disclose its involvement with Burma.

The sisters proposed a similar resolution in 1993 and it failed to pass.

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