Press release relating to the annual meeting of Texaco. Texaco stockholders meeting in St. Louis today were urged to prevent their company from continuing to give crucial support to the white racist regimes in southern Africa. Richard Terry Koch, a spokesman for the American Committee on Africa and the St. Louis Committee on Africa, representing a stockholder in the Texaco Company, stated that Texaco not only furnishes much of the fuel needs of South Africa, the only state since Nazi Germany to be based directly on a racist doctrine, but also furnishes, through the Capetown refinery recently built by Caltex at a cost of $35 million, much of the oil crucial to the maintenance of the illegal...
Press release relating to the annual meeting of Texaco. Texaco stockholders meeting in St. Louis today were urged to prevent their company from continuing to give crucial support to the white racist regimes in southern Africa. Richard Terry Koch, a spokesman for the American Committee on Africa and the St. Louis Committee on Africa, representing a stockholder in the Texaco Company, stated that Texaco not only furnishes much of the fuel needs of South Africa, the only state since Nazi Germany to be based directly on a racist doctrine, but also furnishes, through the Capetown refinery recently built by Caltex at a cost of $35 million, much of the oil crucial to the maintenance of the illegal white regime in Rhodesia. Supplying oil to Rhodesia was called contrary not only to United Nations Orders imposing mandatory sanctions against Rhodesia but contrary also to stated American policy.
