Word: petroleum
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Dates: during 1970-1979
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...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...
...Corporation committee will have to make its next decision by April 24, when the Eastman Kodak and Phillips Petroleum Companies hold their shareholder meetings. These companies--which the ACSR will discuss today--also have holdings in southern Africa...
This kind of bravura would not be possible without the billions of barrels of oil that lie beneath the region's sands. Gaddafi and the other oil-rich Arabs have exploited their resources with a shrewd combination of cooperation and militancy. Under the auspices of the Organization of Petroleum Exporting Countries (OPEC), founded by Iran, Venezuela and Saudi Arabia in 1960 to fight a reduction in prices by the oil companies, the eleven major petroleum-producing countries have increased prices 72% since 1970. Last week in Beirut they demanded further compensation to cover the recent erosion of the dollar...
...show with a few additions-41 paintings in all-opens at the National Gallery in Washington, D.C., before going to New York's M. Knoedler & Co., Inc. in May. It is an event not only for the National Gallery but also for Knoedler's, whose chairman, Occidental Petroleum's Armand Hammer (TIME, Jan. 29) was instrumental in persuading the Soviet government to show these spectacular works...
...assets still total only about $15 billion, compared to just over $90 billion in American investments abroad, but the foreign stake in America last year grew in percentage terms as fast as the American presence overseas. More than 500 foreign-owned firms now have holdings in U.S. manufacturing or petroleum companies...