Letter: Briefly… – Ethical investments
By: CANON CHRISTOPHER HALL
Published: Nov 17, 2006
Sir
The wife of the BBCs “Mr Ethical”, Justin Row Latt, is wrong to think that owning petroleum shares is wrong in itself (Pandora, 16 November).
It is ethical provided the holders use them to put pressure on the company to respect local communities and the environment. Shell shareholders have done so twice in 1997 and this year, when pounds 10bn-worth of shares defied the Board’s advice.
Disinvestment merely hands the shares over to those who only care about the size of their dividends.
CANON CHRISTOPHER HALL
ECUMENICAL COUNCIL FOR CORPORATE RESPONSIBILITY,
BANBURY, OXFORDSHIRE
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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A head-cut image of Alfred Donovan appears courtesy of The Wall Street Journal.
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