Institutional Investors Call on Oil Companies to Address Their Role in Conflict in Syria
Companies should cease their financial support to Syrian government, address risk of complicity in ongoing violence
WASHINGTON, D.C. – A coalition of institutional investors today called on 11 publicly traded oil companies operating in Syria to halt operations or take other steps in response to the government’s ongoing violent crack down on civilian protestors. With the collapse of primary sectors of the Syrian economy, companies in the oil sector now represent an increased and essential proportion of funding and fuel that is sustaining the Syrian government. In addition, recent reports of damage inflicted on an oil pipeline suggest that they may be targeted directly due to their affiliation with the regime.