ExxonMobil ups tsunami donation<\/p>\n
JAKARTA: U.S.-based oil and gas giant ExxonMobil will increase
\nits cash donation for tsunami-hit nations in the region to more
\nthan US$9 million, the majority of which will go to hardest-hit
\nIndonesia.<\/p>\n
Visiting ExxonMobil vice president for Asia Pacific\/Middle
\nEast R.M. Kruger told reporters here on Wednesday that the
\ncompany had already donated $5 million, but it would contribute
\nmore by matching dollar-for-dollar donations made by its
\nemployees and suppliers worldwide.<\/p>\n
The fund-raising program will close at the end of this month.
\nSo far some $2 million has been collected, meaning that
\nExxonMobil will match this amount.<\/p>\n
\"We're up to $9 million to date,\" said Kruger, who will be
\nvisiting Aceh for a couple of days to see the scale of the
\ndestruction caused by the Dec. 26 tsunami.<\/p>\n
ExxonMobil, which recently surpassed General Electric as the
\nlargest U.S. corporate by stock market value in the wake of huge
\nearnings from soaring oil prices, has been operating in oil-rich
\nAceh for more than 30 years. About 300,000 Acehnese were killed
\nor declared missing as a result of the tsunami.<\/p>\n
Part of the $5 million pledged by ExxonMobil has already been
\nchanneled to various overseas and local institutions to help
\nfinance emergency humanitarian relief operations.<\/p>\n
Funds have been allocated to organizations such as the
\nAmerican Red Cross, Save the Children, UNICEF, UNHCR, along with
\na number of local Indonesian organizations, for the provision of
\nmedical supplies, heavy equipment, food supplies, temporary
\nshelters, and teacher training.<\/p>\n
Remaining funds will be used to help in the reconstruction of
\ntsunami-hit areas. Kruger said that the company was now waiting
\nfor the government blueprint for the rehabilitation and
\nreconstruction of Aceh to avoid overlapping programs and ensure
\nefficient use of funds. -- JP<\/p>",
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"sponsor": "Okusi Associates",
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