BBC Website reports Edinburgh TOTAL campaign

Students criticise Burma oil link

Burma has recently witnessed civil unrest
Students have called on Edinburgh University to withdraw a £650,000 investment in Total over concerns about the oil giant's involvement in Burma.
The university owns 16,640 shares in Total, which account for less than half of one percent of its investment fund.

A successful vote at the student AGM will see pressure put on the university to end its involvement with the firm.

The university has insisted that all its investments were socially responsible.

French energy giant Total is one of the biggest investors in Burma.

A spokesman for the Student Green Party said they did not believe owning shares in Total was in line with the university's ethical investment policy.

The University of Edinburgh's investment committee and the university's fund managers strictly adhere to a socially responsible investment policy

Edinburgh University spokesman

Past student AGM meetings have persuaded the university to embrace Fairtrade, to remove Robert Mugabe's honorary degree and to disinvest from the arms company BAE Systems.

A university spokesman said: "The University of Edinburgh's investment committee and the university's fund managers strictly adhere to a socially responsible investment policy.

"The university has in place procedures to consider any matters that are raised and the university court's approach is one of engagement with companies on ethical issues through our fund managers' corporate governance unit."

Total is the world's fourth largest oil and gas firm.

In 2005, it agreed to pay compensation to Burmese villagers who claimed they were used as forced labour during the building of a major gas pipeline.

It denied it was aware that forced labour was directly or indirectly used in the project.