Boycott Saudi Aramco IPO

On Sunday November 3, 2019, Saudi Arabia announced that it it will be going forward with its first public share offering of its state-owned oil firm Saudi Aramco.

The prospectus is expected to be released on November 9 and shares should start trading on Saudi’s domestic stock exchange in December. Aramco, the world’s #1 climate polluting company, will likely offer 1-2 percent of its shares for sale, raising as much as $20-$40 billion in a nasty marriage of carbon and cash.

Tell the international banks — JPMorgan, Morgan Stanley, Goldman Sachs, Bank of America, Merrill Lynch, Citigroup, HSBC and Credit Suisse — working on the deal: Don’t buy stock in environmental destruction, war crimes and human rights abuses.


Dear JPMorgan, Morgan Stanley, Goldman Sachs, Bank of America, Merrill Lynch, Citigroup, HSBC and Credit Suisse,

As people concerned with the planet and human life, we ask you to sever all involvement with Saudi Aramco and not purchase shares in the company.

A Human Rights Watch (HRW) report released on November 4, 2019 documents that Saudi Crown Prince Mohammed bin Salman (MbS) is anything but a reformer and has been carrying out some of the most brutal repression in the kingdom's history.

MbS’s promotion to de facto ruler in 2017 was followed by waves of political arrests starting with “prominent clerics, public intellectuals, academics and human rights activists” then “businesspeople and royal family members.” In May 2018, Saudi Arabia arrested 19 women’s rights activists who had campaigned successfully for the right to drive. A number of these women, including Loujan al-Hathloul, are still languishing in prison, enduring horrific torture and abuse, including electroshock, waterboarding, and sexual abuse.

MbS was also responsible for the grotesque murder of Washington Post journalist Jamal Khashoggi and has never been held accountable.

While arresting peaceful domestic critics is nothing new for Saudi Arabia, according to Human Rights Watch, MbS’s rule stands out due to the “sheer number and range of individuals targeted over a short period of time, as well as the introduction of new repressive practices not seen under the previous Saudi leadership.”

MbS is also responsible for dragging the kingdom into Yemen’s internal conflict, causing the world's worst humanitarian crisis. In Yemen today, the situation is so severe that every 10 minutes, a child dies from the effects of war and hunger. Saudi Arabia drops bombs on Yemeni school children, on Yemeni hospitals, marketplaces, residences—even on weddings and funerals.

Saudi Aramco is the world’s biggest climate polluter, having contributed 59 billion tons of CO2 since 1965, a third more than any other oil company. In October 2019, 10 environmental groups signed a joint letter asking you not to participate in Aramco’s Initial Public Offering (IPO). “This IPO will be a boost to a planet-wrecking company linked to a regime with a dubious human rights record,” said senior campaigner for Global Witness Adam McGibbon. Eleven thousand scientists in 153 countries have declared that the climate is in a state of emergency that will result in “untold human suffering” unless massive shifts occur in the way humans live. Given the climate crisis, Saudi Arabia’s war crimes in Yemen, and human rights abuses against women, journalists, dissidents, and others, it would be enormously reckless for you to invest in Saudi Aramco.

Please act responsibly by refusing to work with or purchase shares of Saudi Aramco.

Sincerely,

Who's signing

kevin eisenstaedt
Alia Issa
Leslie Angeline
Rebecca Kosbab
Virginia mudd
Bo Svensson
Nancy Snell
Mimi Van straaten
David Tvedt
E Scantlebury
Kathe Garbrick
Peter Oefferlbauer
Dianne Lobes
Andra Heide
Pirooz Daneshmandi
Kathleen Myers
Forrest Hopping
Ferne Gold
Debbie Haghighat
Dan Maitland
Mohamed Jagani
Skip Cross
Kathe Garbrick
Margaret Loyon
Margret Cifaldi
David B. Chandler
Scott Gibson
Laura Ackerman
Scott Flood
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Comments

  • kevin eisenstaedt
    signed 2019-11-06 15:29:01 -0500
  • Alia Issa
    signed 2019-11-06 15:28:59 -0500
  • Leslie Angeline
    signed 2019-11-06 15:28:59 -0500
  • Rebecca Kosbab
    signed 2019-11-06 15:28:57 -0500
  • Virginia mudd
    signed 2019-11-06 15:28:55 -0500
  • Bo Svensson
    signed 2019-11-06 15:28:51 -0500
    Leave a legacy that all the future generations of your family can really be proud of you for !!
  • Nancy Snell
    signed 2019-11-06 15:28:48 -0500
  • Mimi Van straaten
    signed 2019-11-06 15:28:48 -0500
  • David Tvedt
    signed 2019-11-06 15:28:46 -0500
  • E Scantlebury
    signed 2019-11-06 15:28:45 -0500
  • Kathe Garbrick
    signed 2019-11-06 15:28:42 -0500
  • Peter Oefferlbauer
    signed 2019-11-06 15:28:41 -0500
  • Dianne Lobes
    signed 2019-11-06 15:28:39 -0500
  • Andra Heide
    signed 2019-11-06 15:28:36 -0500
  • Pirooz Daneshmandi
    signed 2019-11-06 15:28:35 -0500
  • Kathleen Myers
    signed 2019-11-06 15:28:32 -0500
  • Forrest Hopping
    signed 2019-11-06 15:28:31 -0500
  • Ferne Gold
    signed 2019-11-06 15:28:30 -0500
  • Kathe Garbrick
    @femmekatz tweeted link to this page. 2019-11-06 15:28:29 -0500
    Saudi Arabia—the country that tortures women activists, bombs children, & chops up journalists—is about to offer shares in its oil company, the single largest polluting company in the world. Tell Banks not to invest! #YemenCantWait #BoycottSaudiAramco https://www.codepink.org/aramco?recruiter_id=4306
  • Debbie Haghighat
    signed 2019-11-06 15:28:28 -0500
  • Dan Maitland
    signed 2019-11-06 15:28:25 -0500
  • Mohamed Jagani
    signed 2019-11-06 15:28:24 -0500
  • Skip Cross
    signed 2019-11-06 15:28:17 -0500
  • Kathe Garbrick
    signed 2019-11-06 15:28:15 -0500
  • Margaret Loyon
    signed 2019-11-06 15:28:13 -0500
  • Margret Cifaldi
    signed 2019-11-06 15:28:13 -0500
  • David B. Chandler
    signed 2019-11-06 15:28:11 -0500
    The bottom line is that Saudi Arabia is a pariah state, even more so under MBS, and that we have to learn to live with zero fossil fuel. Let it begin with shunning of Saudi Arabian oil.
  • Scott Gibson
    signed 2019-11-06 15:28:08 -0500
  • Laura Ackerman
    signed 2019-11-06 15:27:57 -0500
  • Scott Flood
    signed 2019-11-06 15:27:53 -0500
    >>> 68 year old, White Male , constituent (Politically Active Daily) in Niles, Michigan

    Don’t continue to be complicit in the Destruction of Life on Earth ! !

    ANYTHING and EVERYTHING to rescue humanity and any part of the wilderness, planet and biosphere from their ongoing rape and murder by mankind’s greed.

    This is existential. Life and death. Another Catastrophic Emergency or Extinction, at any given moment. Wake Up and smell the corpses !

    Climate destroyers and environmental crisis deniers are dangerous, intentionally ignorant, gluttonous, duped and deluded sellouts to the corporations, the military-industrial complex or the “oil”-igarchy …..

    The “Drainer of the Swamp” and the readily pliable, “brain rinsed” CULT, naïve and intimidated or prideful enough to persist in bowing to him, are Rendering Cesspools, Minefields and Imminent Armageddon!!!

    >>>>> True Enemies of the People and the Planet!

    Extinction is on the horizon……!…!

    Survival must be our first priority !

    For our Grandchildren……..

    !End This Foolishness !
//
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