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BRIEFLY

July 05, 1989

Pension Funds Urge Changes at Oil Companies: Directors of two top public pension funds, which were successful in forcing recent changes at Exxon Corp., are urging six major oil companies to alter their policies dealing with environmental, safety and health issues. The message was delivered in joint letters to Amoco Corp., Ashland Oil Inc., Pennzoil Co., Tenneco Inc., Amerada Hess and Kerr-McGee Corp. California State Controller Gray Davis, one of the trustees for the nation's largest public pension fund, and New York City Comptroller Harrison J. Goldin urged the companies to add an environmental expert to their boards and called for the creation of a public issues committee.

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