This is a follow-up to the discussion on how American corporations can directly influence anti-American sentiments through their dealings with the governments of unstable countries. The example used was ExxonMobil’s extraction of oil off the shore of Equatorial Guinea. Most of the discussion was based on a report aired on 60 Minutes.
Although Exxon declined an invitation to be interviewed for the 60 Minutes segment, apparently they did send a written response to some questions. They don’t get into specifics (and I’ve scoured their site for information on ROI that might shed some light on whether they took Equatorial Guinea to the cleaners, but to no avail), but they do make this declaration:
ExxonMobil is firmly committed to honest and ethical behavior. We pledge to be a good corporate citizen in all the places we operate worldwide. We maintain the highest ethical standards, obey all applicable laws and regulations, and respect local and national cultures.