ITF briefs New York investors to highlight Chevron concerns
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The International Transport Workers’ Federation (ITF) held an investor briefing with United States Stock Exchange analysts in New York on Tuesday 27th May to explain why energy giant Chevron’s Gorgon project in north-western Australia is over-budget and delayed.
The ITF is working closely with its affiliate, the Maritime Union of Australia (MUA), as part of a global campaign to build awareness over delays and cost overruns on the project which was originally costed at USD37 billion but has now blown out to USD54 billion.
Local company management and business lobby groups have unfairly blamed the MUA for problems on the Gorgon project, as the union seeks to negotiate a new Enterprise Bargaining Agreement for maritime workers working in the offshore oil and gas sector.
A new report, released today offers a thorough analysis of the project's issues to date.
Download the report from http://www.nationalinterest.com.au.
Watch a video about Chevron mismanagement of the Gorgon project at http://youtu.be/OIKRVjxiYuA.
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