ConocoPhillips and China National Offshore Oil Corp. will pay about $160 million to compensate Chinese fishermen for losses arising from oil leaks...
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China National Offshore Oil Corp. (CNOOC) is a Global Compact participant since 2008/06/25. CNOOC was a Gold Contributor to the Foundation for the Global Compact in 2011, 2010 and 2009.
This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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