Word: oiled
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Dates: during 1990-1999
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...revelations about blatant racial discrimination within the corporation as well as the destruction and suppression of evidence have prompted Jesse Jackson and other leaders to call for a nationwide boycott of Texaco. Although a discrimination suit was recently settled for a record $176.1 million, former employees of the Texas oil giant are now being prosecuted for obstruction of justice...
...Texaco discovered oil in the depths of the Ecuadorian Amazon. A treasure chest of biological diversity, this area is also home to several indigenous groups, including the Huaorani, the Secoya, the Shuar and the Quichua. Under Ecuadorian law, these groups have no rights to subsurface minerals on their land, so the oil was sold by the government without their consent. When the oil company tried to enter the area, its trucks were blocked by irate local villagers. Only with the help of the military was Texaco able to begin drilling...
Texaco completed its pipeline from the rain forest to the Pacific coast of Ecuador in 1972. From 1972 to 1989, 1.4 billion barrels of oil passed through the pipeline. Over those 17 years, 27 spills occurred, releasing an estimated 16.8 million gallons of crude oil into one of the world's biodiversity hot spots and the traditional home of thousands of Ecuadorian natives. Judith Kimerling, a Yale-educated attorney and the author of Amazon Crude, estimates that, even today, 4.3 million gallons of untreated toxic wastes are being released into the watershed every...
...time has come for Harvard to seriously consider divesting from the Texaco Corporation. The recent scandal in which top Texaco executives were taped discussing their own discriminatory policies is only the latest evidence that the oil giant has been seriously lacking in institutional integrity...
...staff's knee-jerk reaction to the uncovering of severe racism at Texaco wrongly calls for the University to divest should Harvard not be able to clear the oil company of its tarnished name. In so doing, a mistaken question is posed: The issue is not whether Texaco's executives have institutionalized racism there (they have), but how Harvard can most effectively combat that racism...