Article in Le Journal Hebdomadaire, 12 January 2005, on US oil company Kerr-McGee.
Le Journal Hebdomadaire/Assahifa al- Ousbouia (Morocco)
12 January 2005
[Translated from French by Sahara Update]
The American oil prospection giant Kerr Mc-Gee announces the cessation of their activities in the south of Morocco. After Total and two smaller operators, the departure of the American company, under pressure from Polisario’s activists, is proving problematic for the Kingdom.
Under the same means of pressure as was used against the other operators, Kerr McGee has withdrawn in order not to alienate investment funds that are increasingly concerned about the “ethical” dimension of their placements.
The offensive was launched from Norway by a sympathiser of the separatists by the name of Erik Hagen, a representative of the Norwegian Support Committee for Western Sahara. He explains the withdrawal of Total with the efficiency of the financial threat. This assertion contradicts the communiqué published by Total at the beginning of December which explains the reasons for their
withdrawal as purely economic.
Several Norwegian investment funds, among them Skagen, have decided to cease involvement in companies operating in the Sahara for “ethical” reasons. The Norwegian Support Committee for Polisario asserts that the biggest investment fund in the country, the “Norwegian Petroleum Fund”, managing 120 billion Euros, is on the verge of adopting the same sanctions.
Press release, 3 May 2006.
Kerr-McGee is pulling out of Western Sahara following pressure from activists pushing for Sahrawi Arab Democratic Republic (SADR) independence from Morocco.
The small Norwegian Support Committee for Western Sahara has won a great victory: the last Norwegian investor is now selling its stocks in the petroleum company Kerr-McGee. Aftenposten, 30 June 2005.