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	<title>Money magazine Comments - When a company you invest in behaves unethically</title>
	<description>Dodgy corporate behaviour, especially on climate issues, doesn't just leave a bad taste in your mouth. It can also affects investment returns. But how can you take action?</description>
	<link>https://www.moneymag.com.au/feed/latest?story=155353095</link>
	<lastBuildDate>Wed, 04 Mar 2020 19:29:06 +1100</lastBuildDate>
	<pubDate>Wed, 04 Mar 2020 19:29:06 +1100</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Money magazine</copyright>
	<ttl>5</ttl>
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		<title>Money magazine Comments - When a company you invest in behaves unethically</title>
		<url>https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png</url>
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		<title>Comment by Peter Durman ()</title>
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<p><p>This is a reprisal of a previous comment. I am concerned at your fascination for so called &quot;Ethical Funds&quot;. In my experiance, they support the status quo and prevent the poor from doing better.</p>
<p>I worked for a US oil and gas company once. Our regional office attempted to buy out several thousand slaves in our region. The &quot;King&quot; or owner of these sea people contacted ethical funds and ethical activists in the USA and had the proposal blocked. To my knowlege, those people are still enslaved. The activists went right to the President.</p>
<p>On another occation, it made a major bid for a major gas field in Myanmar to develope a giant oil and gas field. As part of the proposal, the company would have built roads, multiple hospitals, multiple schools, giant power stations for the main city and provided emergency services. It had already done so in other SE Asian locations. Thats a dramatically improved life for several million people. It was blocked by US and regional activists because US activists didn&#39;t like the ruling Party. Other nations oil companies went in instead, the services to the poor were not delivered, and Myanmar abruptly halted liberalising it&#39;s economy.</p>
<p>The rich did not suffer.</p>
<p>Bit like California fishermen suing Big Oil washing up on beaches. The cas will fail, because history books state the oil washing up comes from natural vents. In addition, the region remains a rich fishing ground, although those same fishermen are extracting too much crab and fish from the sea, then blaming anyone else for the overfishing.</p>
<p>I have numerous other experiences. End result, I refuse to invest in so called &quot;Ethical Funds&quot;. I do not care how profitable they are, but I do care, very much, about how so called &quot;Ethical&quot; policies trample on the rights and freedoms of the poor.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Peter Durman ()</dc:creator>
		<pubDate>Wed, 04 Mar 2020 19:29:06 +1100</pubDate>
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