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The Independent (UK): Ethical investments: By CANON CHRISTOPHER HALL,

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

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