Word: petroleum
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Dates: during 1990-1999
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...mutual-fund companies have been harping on the investment opportunities in foreign lands for years, and they keep making it easier to take the plunge. There are 1,200 U.S.-based stock funds that invest overseas or south of the border. Nearly 500 foreign companies, such as Russia's petroleum giant LUKoil and Mexico's version of AT&T, Telefonos de Mexico, list their shares with major U.S. stock exchanges. Those numbers are growing, and Americans are happy to take a flyer. They own $560 billion of stock issued by companies outside the U.S.--a 15-fold increase since...
...poor and rural peasants alike seem to realize that they pay the biggest price for pollution and deforestation. There is cause for hope as well in the growing recognition among businesspeople that it is not in their long-term interest to fight environmental reforms. John Browne, CEO of British Petroleum, boldly asserted in a major speech in May that the threat of climate change could no longer be ignored...
According to Maskin, the course might study topics such as the Cuban Missile Crisis or the Organization of Petroleum Exporting Countries...
Texaco transferred control of the pipeline to the Ecuador state petroleum company, Petroecuador, in 1989. In 1993, a lawsuit was filed against Texaco on behalf of 30,000 inhabitants of the Ecuadorian Amazon, seeking damages of over $1 billion for the degradation of the local environment. Elias Piyaguaje, leader of the Secoya people, described the extent of the damage: "Our rivers have been poisoned. We cannot drink. We cannot bathe. We cannot believe in the future of our existence." The lawsuit is still pending...
Indeed, Harvard's highest governing board, the Corporation, recently sent letters of concern to the parent company of Shell, the Royal Dutch Petroleum and Shell Transport and Trading Company, according to Simons...