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Keyword: unocalbid

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  • Oil company to stand trial for alleged Burma rights abuses (Unocal)

    08/01/2003 5:59:21 AM PDT · by knighthawk · 12 replies · 248+ views
    US oil giant Unocal must stand trial in California for alleged complicity in human rights abuses by Burma's military junta, including forced labour, rape and torture, a judge has ruled. "Prior to its involvement in the pipeline project, Unocal had specific knowledge that the use of forced labour was likely, and nevertheless chose to proceed," Los Angeles Superior Court judge Victoria Chaney said. In the decision, Judge Chaney rejected arguments by the California-based energy firm, which built a gas pipeline in Burma, that the case should be tried at least in part under Burma or Bermuda law. Unocal had made...
  • China Criticizes U.S. Actions on Unocal Bid

    07/04/2005 6:01:48 PM PDT · by crushelits · 18 replies · 623+ views
    washingtonpost.com ^ | Monday, July 4, 2005 | Peter S. Goodman
    SHANGHAI, July 4 -- The Chinese government on Monday sharply criticized the United States for threatening to erect barriers aimed at preventing the attempted takeover of the American oil company Unocal by one of China's three largest energy firms, CNOOC Ltd.Four days after the U.S. House of Representatives overwhelmingly approved a resolution urging the Bush administration to block the proposed transaction as a threat to national security, China's Foreign Ministry excoriated Congress for injecting politics into what it characterized as a standard business matter. "We demand that the U.S. Congress correct its mistaken ways of politicizing economic and trade issues...