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Chevron alleges ethical lapses by state comptroller

DiNAPOLI
State Comptroller Thomas DiNapoli during an October 2011 visit to the Buffalo area. (Derek Gee/Buffalo News file photo)

By Tom Precious

ALBANY -- Oil giant Chevron is accusing state Comptroller Thomas DiNapoli of ethical violations in his role as sole trustee of the $150 billion state pension system in trying to block a development deal in Ecuador. Included among the allegations and footnotes is a claim that DiNapoli made his opposition to the project based, in part, on campaign donations from individuals involved in trying to stop the deal.

Here is the complaint from Chevron's lawyers filed today with a state ethics agency.

Here is the response from DiNapoli: "This is a baseless attempt by big oil to intimidate me and it won’t work. The allegations are without merit. Since 2004, the New York State Common Retirement Fund, along with dozens of leading investors worldwide, has called on Chevron to settle its nearly two-decade-long legal battle for polluting the Amazon. Chevron refuses. This effort is about protecting shareholder value and fulfilling my fiduciary responsibility to the New York State Common Retirement Fund. Instead of owning up to its corporate responsibility, time and again Chevron has denied its responsibility, distorted the facts and ignored the ruling of a court of law. I am confident that JCOPE will see through this blatant attempt to intimidate responsible shareholders who dare to question Chevron’s actions."

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About Politics Now

Robert J. McCarthy

Robert J. McCarthy

A native of Schenectady, Robert J. McCarthy came to The Buffalo News in 1982 following a six-year stint at the Olean Times Herald. He is a graduate of St. Bonaventure University, and has been covering local, state and national politics since 1992.

rmccarthy@buffnews.com


Tom Precious

Tom Precious

Tom Precious joined The Buffalo News in 1997 as bureau chief at the state Capitol, where he covers everything from statewide politics and state government fiscal affairs to health care, environmental and municipal government matters. Prior to The News, he worked for news outlets in Albany and Washington, DC.

tprecious@buffnews.com


Jill Terreri

Jill Terreri

Jill Terreri is an Amherst native and has covered politics and government in upstate New York since 2003. She joined The Buffalo News in 2012 and covers City Hall.

@jillterreri | jterreri@buffnews.com


Jerry Zremski

Jerry Zremski

Jerry Zremski, The Buffalo News Washington bureau chief, has reported from the nation's capital since 1989 after joining The News as a business reporter in 1984. A graduate of Syracuse University, Zremski is a former Nieman fellow in journalism at Harvard University. In 2007, he served as president of the National Press Club.

@JerryZremski | jzremski@buffnews.com

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