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Background: Participating in the Political Process
Approach: Engaging Ethically and Constructively
Background: Participating in the Political Process
The laws and regulations governing corporate political activities vary across different countries. In some countries, including the United States, the right to participate in the political process and public policy debate extends to corporations as well as individuals. In recent years, there has been heightened public interest in corporate participation in the public policy process. In addition to responding ethically and honestly to issues that affect our business, employees, stockholders, customers and suppliers, we also recognize the need to demonstrate how our political activities and public policy positions align with our stated commitments to social and environmental responsibility.
Approach: Engaging Ethically and Constructively
Consistent with the values expressed in The ChevronTexaco Way, we seek to work ethically and constructively to influence proposed laws and regulations and debate on emerging issues that affect our business. We believe it is the company's fundamental right and responsibility to participate in the political process. In our political activities, ChevronTexaco is committed to adhering to the highest standards of ethics and transparency, and to complying with the letter and spirit of all laws and regulations governing political contributions, gifts and lobbying. When we advocate for proposed laws and regulations or debate on emerging issues, our intent is to take a constructive approach to address legitimate business and societal needs.
ChevronTexaco engages in public policy debates and advocates our position at the local, state and federal levels; participates in trade associations and other advocacy organizations; and lobbies public bodies and officials. In the United States and Canada, where permitted by law, ChevronTexaco makes political contributions under corporate policy. ChevronTexaco operates under self-imposed procedures that require strict review of every political contribution to ensure compliance with all requirements for contributions, lobbying activities and gifts at every level of government.
The ChevronTexaco Employees Political Action Committee (CTEPAC) is a forum for eligible employees, stockholders and stockholder retirees to voluntarily contribute limited amounts to a fund that supports the election of candidates for federal and certain state offices in the United States, as authorized by and in accordance with applicable laws. CTEPAC provides a collective mechanism for ChevronTexaco employees to exercise their right to participate in the public policy process. A list of contributions made during 2001-2002 can be viewed on the Federal Election Commission Web site.
It is ChevronTexaco's policy to furnish a list of all political contributions to any stockholder upon request.
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