OTCPK:TLSMF - Post by User
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EthicalInvestoron Nov 18, 1999 9:19am
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Post# 1084604
Ontario Teachers
Ontario TeachersOntario teachers target Talisman
OTF head will urge fund to divest stake
if Sudanese human rights violations are confirmed
STEVEN CHASE
Alberta Bureau
Thursday, November 18, 1999
Calgary -- Ontario teachers say they will lobby their powerful pension fund to divest its $184-million stake in Talisman Energy Inc. if they can corroborate mounting evidence of human rights violations in Sudan where the Calgary-based company operates.
"As far as teachers are concerned, human rights are far more important than dollars," said Barbara Sargent, president of the Ontario Teachers Federation (OTF), whose members' retirement funds are managed by the Ontario Teachers Pension Plan Board.
The OTF represents 144,000 full-time, part-time and occasional teachers in public, separate and francophone schools.
This most recent divestment threat would represent the single largest setback to Talisman in its battle to defend its $735-million investment in civil-war-torn Sudan, whose poor human rights record is facing further accusations of slavery and genocide.
https://www.globeandmail.com/gam/ROB/19991118/RTALI.html