Word: namibia
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...student ACSR--the elected group of undergraduates which picked the two undergraduate delegates to the full ACSR--recommended Wednesday that the Corporation must either vote for shareholder resolutions to have the Phillips Petroleum and Continental Oil Companies withdraw completely from Namibia, the the south-west African territory South Africa rules in defiance of the World Court, or else "tacitly condone illegal and immoral corporate activity...
...Advisory Committee on Shareholder Responsibility voted yesterday to recommend that the Corporation support proposals requiring Phillips Petroleum to cease all operations in Namibia and forcing General Electric Company to disclose its activities in the Republic of South Africa...
...their first vote, the students asked the University to oppose investment in Namibia by Continental Oil and Phillips Petroleum. Harvard owns 270,000 shares of Continental and 70,000 shares of Phillips...
This is good news, especially since Namibia, the former Southwest Africa, is a showcase for apartheid in all its viciousness. The League of Nations gave South Africa its Namibian mandate. The United Nations, recognizing South Africa's failure to prepare the territory for independence or permit its people a decent existence, revoked the mandate in 1966. Since then South African rule has been as illegal as it is immoral...
...Namibia's two revolutionary movements want American corporations to withdraw from the territory because their tax payments help maintain South African rule. It's arguable that the jobs these companies provide and the benefit an independent Namibia will derive from expropriating their holdings are more important than these tax payments. Given South African rule, there is no way to tell how the Namibian people feel about American investments; but the guerillas' claim to speak for them is at least more plausible than that of South Africa's government...