Sunday, 13 January 2008
Saturday, 10 November 2007
High court to review halted BAE-Saudi investigation
Published in GuardianUnlimited on 9/11/07
http://www.guardian.co.uk/baefiles/story/0,,2208451,00.html?gusrc=rss&feed=11
Anti-corruption campaigners today won permission to bring a high court challenge over the decision to end investigations into alleged corruption by BAE Systems in arms deals with Saudi Arabia.
Lawyers for the Campaign Against Arms Trade (CAAT) and the Corner House argued that the UK government's decision to cut short an investigation by the Serious Fraud Office (SFO) was unlawful under the OECD's anti-bribery convention, which the UK signed in 1997.
Lord Justice Moses, sitting with Mr Justice Irwin, said "matters of concern and public importance" had been raised and the challenge "cries out for a hearing".
The £20bn-plus al-Yamamah contract with Saudi Arabia, which formed the focus of the legal challenge, was negotiated by the Thatcher government and involved the sale of Tornado jets made by BAE. Prince Bandar bin Sultan of Saudi Arabia allegedly received a secret £1bn payment to facilitate the 1985 contract.
The government has denied any breach of the convention and declared that it took the decision to terminate the investigation on the grounds of "national security".
Tony Blair, the prime minister at the time the inquiry was halted, said that continuing the investigation would have jeopardised Saudi cooperation on counter-terrorism.
The campaigners' lawyers argued that the SFO decision failed to take into account the national security implications of not proceeding with the investigation.
They said that the government's willingness to turn a blind eye to corruption within Saudi Arabia had the potential to encourage more international resentment towards the UK.
Notwithstanding those arguments, the campaigners contend that Article 5 of the OECD's anti-bribery convention precludes the UK from taking into account the potential effect of an investigation or prosecution on another state - even where there was concern over its impact on national security.
The CAAT spokesman Symon Hill told Guardian Unlimited today's decision was brilliant "for everyone who cares about justice in Britain".
"It's great news for everyone thinking that BAE and the government should not be above the law that the rest of us have to follow," he said.
In September, the two countries announced a £4.4bn deal for the sale of 72 Eurofighter Typhoon aircraft, also made by BAE, to the desert kingdom.
The same month, the UK government was accused of obstructing an American criminal investigation into the al-Yamamah contract by the US inquiry team.
http://www.guardian.co.uk/baefiles/story/0,,2208451,00.html?gusrc=rss&feed=11
Anti-corruption campaigners today won permission to bring a high court challenge over the decision to end investigations into alleged corruption by BAE Systems in arms deals with Saudi Arabia.
Lawyers for the Campaign Against Arms Trade (CAAT) and the Corner House argued that the UK government's decision to cut short an investigation by the Serious Fraud Office (SFO) was unlawful under the OECD's anti-bribery convention, which the UK signed in 1997.
Lord Justice Moses, sitting with Mr Justice Irwin, said "matters of concern and public importance" had been raised and the challenge "cries out for a hearing".
The £20bn-plus al-Yamamah contract with Saudi Arabia, which formed the focus of the legal challenge, was negotiated by the Thatcher government and involved the sale of Tornado jets made by BAE. Prince Bandar bin Sultan of Saudi Arabia allegedly received a secret £1bn payment to facilitate the 1985 contract.
The government has denied any breach of the convention and declared that it took the decision to terminate the investigation on the grounds of "national security".
Tony Blair, the prime minister at the time the inquiry was halted, said that continuing the investigation would have jeopardised Saudi cooperation on counter-terrorism.
The campaigners' lawyers argued that the SFO decision failed to take into account the national security implications of not proceeding with the investigation.
They said that the government's willingness to turn a blind eye to corruption within Saudi Arabia had the potential to encourage more international resentment towards the UK.
Notwithstanding those arguments, the campaigners contend that Article 5 of the OECD's anti-bribery convention precludes the UK from taking into account the potential effect of an investigation or prosecution on another state - even where there was concern over its impact on national security.
The CAAT spokesman Symon Hill told Guardian Unlimited today's decision was brilliant "for everyone who cares about justice in Britain".
"It's great news for everyone thinking that BAE and the government should not be above the law that the rest of us have to follow," he said.
In September, the two countries announced a £4.4bn deal for the sale of 72 Eurofighter Typhoon aircraft, also made by BAE, to the desert kingdom.
The same month, the UK government was accused of obstructing an American criminal investigation into the al-Yamamah contract by the US inquiry team.
Friday, 9 November 2007
Liverpool Council Disinvests from BAE
Liverpool takes the lead in curbing arms trade investment
Oct 30 2007 by David Bartlett, Liverpool Daily Post
AUTHORITIES across Merseyside are being encouraged to follow Liverpool’s lead in calling for the area’s largest pension fund to stop investing in arms companies.
Liverpool Council leader Warren Bradley is to write to the leaders of Wirral, Sefton, St Helens, and Knowsley for support in stopping the Merseyside Superannuation Fund from investing in the arms trade.
It comes after Liverpool Council passed a resolution which stated that “investment in the arms trade is not compatible with good corporate, social and ethical governance”
It comes after the Daily Post revealed in the summer that the fund currently has £13.6m linked to investments with firms that are involved in aspects of armaments trade, including BAE, Boeing and Rolls-Royce.
The pension fund, administered by Wirral Council on behalf of all local authorities, manages an investment pot worth around £4bn.
Merseyside Stop the War Coalition, Mark Holt, who campaigned for the Council to adopt this policy, said: “People in Liverpool were appalled to discover that the Merseyside Pension Fund invests in arms companies such as BAE, Rolls-Royce and Boeing.
“Now Liverpool has given a lead to every other council in the country. Now we can hold our head up as next year’s Capital of Culture. We’ve shown that we’re also the Capital of Conscience.”
Campaign Against Arms Trade spokesman, Symon Hill, said: “We’re delighted that they have taken such a major step.
“It’s vital that other councils in Merseyside back this proposal and pull Merseyside Pension Fund out of arms companies.
A spokesman for Merseyside Pension Fund, said: “As a signatory to the UN Principles for Responsible Investment, the Fund seeks to incorporate environmental, social and governance criteria in its investment processes and actively engages with investee companies.
“Consequently, it does not have a formal policy of excluding companies on ethical grounds.
“In the light of the motion, we will be discussing the issues with the Pensions Committee, whose ultimate decision it will be whether the Pension Fund adopts an ethical direction.”
davidbartlett
Oct 30 2007 by David Bartlett, Liverpool Daily Post
AUTHORITIES across Merseyside are being encouraged to follow Liverpool’s lead in calling for the area’s largest pension fund to stop investing in arms companies.
Liverpool Council leader Warren Bradley is to write to the leaders of Wirral, Sefton, St Helens, and Knowsley for support in stopping the Merseyside Superannuation Fund from investing in the arms trade.
It comes after Liverpool Council passed a resolution which stated that “investment in the arms trade is not compatible with good corporate, social and ethical governance”
It comes after the Daily Post revealed in the summer that the fund currently has £13.6m linked to investments with firms that are involved in aspects of armaments trade, including BAE, Boeing and Rolls-Royce.
The pension fund, administered by Wirral Council on behalf of all local authorities, manages an investment pot worth around £4bn.
Merseyside Stop the War Coalition, Mark Holt, who campaigned for the Council to adopt this policy, said: “People in Liverpool were appalled to discover that the Merseyside Pension Fund invests in arms companies such as BAE, Rolls-Royce and Boeing.
“Now Liverpool has given a lead to every other council in the country. Now we can hold our head up as next year’s Capital of Culture. We’ve shown that we’re also the Capital of Conscience.”
Campaign Against Arms Trade spokesman, Symon Hill, said: “We’re delighted that they have taken such a major step.
“It’s vital that other councils in Merseyside back this proposal and pull Merseyside Pension Fund out of arms companies.
A spokesman for Merseyside Pension Fund, said: “As a signatory to the UN Principles for Responsible Investment, the Fund seeks to incorporate environmental, social and governance criteria in its investment processes and actively engages with investee companies.
“Consequently, it does not have a formal policy of excluding companies on ethical grounds.
“In the light of the motion, we will be discussing the issues with the Pensions Committee, whose ultimate decision it will be whether the Pension Fund adopts an ethical direction.”
davidbartlett
THE AGM vote was won
Students call for shares sale
EDINBURGH University is under increased pressure to sell £500,000 shares in Total after a student vote.
More than 400 students packed the George Square lecture theatre for the student association's annual general meeting.
They voted in favour of putting pressure on the university to stop investing in Total, which runs gas fields in Burma, where there have been government crackdowns on pro-democracy protests.
The university has already sold shares in Nestle, BAE and British and American Tobacco, following similar student-led campaigns.
Gordon Aikman, EUSA vice president, said: "Hopefully we will see some real change, not only here in Edinburgh but beyond."
EDINBURGH University is under increased pressure to sell £500,000 shares in Total after a student vote.
More than 400 students packed the George Square lecture theatre for the student association's annual general meeting.
They voted in favour of putting pressure on the university to stop investing in Total, which runs gas fields in Burma, where there have been government crackdowns on pro-democracy protests.
The university has already sold shares in Nestle, BAE and British and American Tobacco, following similar student-led campaigns.
Gordon Aikman, EUSA vice president, said: "Hopefully we will see some real change, not only here in Edinburgh but beyond."
Wednesday, 7 November 2007
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.
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.
Monday, 29 October 2007
University's ethics on trial
Press Release
24/10/07
University's Ethics on Trial
For Immediate Release
Edinburgh University's ethical and environmental record is to 'go on trial' at this years Student AGM. As the deadline passed at 5 o clock today, a record number of motions had been submitted, calling for greener accommodation, cleaner investment and more ethical checks on research.
The calls come following a number of scandals including the revelations that the university holds more than £500,000 of shares in TOTAL oil (the biggest funder of the Burmese regime), and an investigation by Stop the War Society that reveals that the university designs equipment for the Pentagon.
Second year Biology student Sarah Holliday said 'The University prides itself on its socially responsible reputation. We want to help them live up to that'.
Past AGMs have succeeded in getting the university to strip Robert Mugabe of his honourary degree, twin with Birzeit University in Palestine and become a Fairtrade University.
The vote will take place on the 7th November at 7pm in George Square Theatre. All students are welcome.
Ends
24/10/07
University's Ethics on Trial
For Immediate Release
Edinburgh University's ethical and environmental record is to 'go on trial' at this years Student AGM. As the deadline passed at 5 o clock today, a record number of motions had been submitted, calling for greener accommodation, cleaner investment and more ethical checks on research.
The calls come following a number of scandals including the revelations that the university holds more than £500,000 of shares in TOTAL oil (the biggest funder of the Burmese regime), and an investigation by Stop the War Society that reveals that the university designs equipment for the Pentagon.
Second year Biology student Sarah Holliday said 'The University prides itself on its socially responsible reputation. We want to help them live up to that'.
Past AGMs have succeeded in getting the university to strip Robert Mugabe of his honourary degree, twin with Birzeit University in Palestine and become a Fairtrade University.
The vote will take place on the 7th November at 7pm in George Square Theatre. All students are welcome.
Ends
RBS Profits from Burma links
RBS ‘profits from Burma links’
By Rob Edwards, Environment Editor, Glasgow herald
Human rights groups claim stake in Chinese bank sees Scots company cash in on oil interests
ONE OF Scotland's premier international companies has been accused of "fuelling repression" by propping up the brutal military regime that rules Burma.
Campaigners allege the Royal Bank of Scotland (RBS), through its stake in the Bank of China, is collaborating with oil and gas firms run by the Burmese junta. As a result, they claim, RBS is reaping millions of pounds in profit from a regime that abuses human rights and pollutes the planet.
RBS controls 8.25% of the Bank of China, and its chief executive, Sir Fred Goodwin, is a director on the Chinese bank's board. The Bank of China is a key backer of two Chinese oil firms, Sinopec and PetroChina, which have been heavily criticised for co-operating with Burma's military rulers.
advertisementThe Bank of China, 70% owned by the Chinese government, is the world's sixth largest bank. In 2005 it arranged a $1.1 billion loan to Sinopec, and has pledged to underwrite a further $2.7bn worth of bonds for it next month.
Last month Sinopec began drilling an onshore oil well in a joint venture with the Burmese regime's Myanmar Oil and Gas Enterprise. The official launch of the venture on September 26 coincided with the first day of the violent crackdown on civil dissent led by Buddhist monks.
Earlier this year, Sinopec signed a $1bn (£480m) contract for an oil pipeline and, between them, PetroChina and Sinopec operate many projects jointly with the regime. In August, Burma confirmed the sale of gas to PetroChina.
Now a coalition of three environmental and human rights groups has attacked RBS for its links to oil and gas projects in Burma. They claim RBS gained a "substantial proportion" of the Bank of China's $5.5bn profit for 2006. As Sinopec and PetroChina repay their loans, RBS is "banking profits derived from Burmese crude", they say.
"RBS's holdings are fuelling repression by financing fossil fuels in Burma," said Mika Minio, of the Platform environmental group in London.
Platform, with the Burma Campaign UK and BankTrack, will be writing to RBS this week demanding it take "public steps" to persuade the Bank of China not to support repression and human rights abuses in Burma. Failing that, they will urge RBS to sell its stake in the bank.
RBS, the world's 12th largest bank, has previously argued that diplomatic engagement with China is the best way to influence the communist state.
"Bank of China is a highly respected international financial institution," an RBS spokesman told the Sunday Herald. "Bank of China sets out its policies in its published accounts and we are happy with these policies and the way in which they are applied."
By Rob Edwards, Environment Editor, Glasgow herald
Human rights groups claim stake in Chinese bank sees Scots company cash in on oil interests
ONE OF Scotland's premier international companies has been accused of "fuelling repression" by propping up the brutal military regime that rules Burma.
Campaigners allege the Royal Bank of Scotland (RBS), through its stake in the Bank of China, is collaborating with oil and gas firms run by the Burmese junta. As a result, they claim, RBS is reaping millions of pounds in profit from a regime that abuses human rights and pollutes the planet.
RBS controls 8.25% of the Bank of China, and its chief executive, Sir Fred Goodwin, is a director on the Chinese bank's board. The Bank of China is a key backer of two Chinese oil firms, Sinopec and PetroChina, which have been heavily criticised for co-operating with Burma's military rulers.
advertisementThe Bank of China, 70% owned by the Chinese government, is the world's sixth largest bank. In 2005 it arranged a $1.1 billion loan to Sinopec, and has pledged to underwrite a further $2.7bn worth of bonds for it next month.
Last month Sinopec began drilling an onshore oil well in a joint venture with the Burmese regime's Myanmar Oil and Gas Enterprise. The official launch of the venture on September 26 coincided with the first day of the violent crackdown on civil dissent led by Buddhist monks.
Earlier this year, Sinopec signed a $1bn (£480m) contract for an oil pipeline and, between them, PetroChina and Sinopec operate many projects jointly with the regime. In August, Burma confirmed the sale of gas to PetroChina.
Now a coalition of three environmental and human rights groups has attacked RBS for its links to oil and gas projects in Burma. They claim RBS gained a "substantial proportion" of the Bank of China's $5.5bn profit for 2006. As Sinopec and PetroChina repay their loans, RBS is "banking profits derived from Burmese crude", they say.
"RBS's holdings are fuelling repression by financing fossil fuels in Burma," said Mika Minio, of the Platform environmental group in London.
Platform, with the Burma Campaign UK and BankTrack, will be writing to RBS this week demanding it take "public steps" to persuade the Bank of China not to support repression and human rights abuses in Burma. Failing that, they will urge RBS to sell its stake in the bank.
RBS, the world's 12th largest bank, has previously argued that diplomatic engagement with China is the best way to influence the communist state.
"Bank of China is a highly respected international financial institution," an RBS spokesman told the Sunday Herald. "Bank of China sets out its policies in its published accounts and we are happy with these policies and the way in which they are applied."
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