SAN RAMON, Calif., Jan. 29 /PRNewswire-FirstCall/ -- Chevron Corp.
(NYSE: CVX) today announced a $10 million contribution to the U.S.
Institute of Peace (USIP), an independent, nonpartisan organization
specializing in the resolution of international conflict and the promotion
of peace building worldwide.
The $10 million contribution from Chevron will help construct the
Institute's new permanent headquarters to be built at the northwest corner
of the National Mall in Washington, D.C. The headquarters will serve as a
national center of excellence for research, education, training policy and
program development on international conflict prevention, management, and
resolution.
USIP will name the Great Hall in its new headquarters the George P.
Shultz Great Hall, in honor of the former U.S. secretary of state. In
addition, the theater planned for the Institute's Public Education Center
will be named the Chevron Theater.
"Chevron's contribution is an investment in the global peace-building
efforts of USIP," said Dave O'Reilly, chairman and chief executive office
of Chevron Corporation. "Around the world, USIP is making a difference
through conflict resolution efforts and post-conflict stability programs.
These initiatives are very much aligned with Chevron's own approach, which
is focused on building the human and institutional capacity of communities
wherever we operate. I also am delighted that the Institute of Peace has
taken this opportunity to honor George Shultz for his tireless efforts in
the cause of international diplomacy."
"Chevron's support for the Institute's new headquarters project comes
at a significant moment," said USIP President Richard Solomon. "During the
last two decades, we have worked to promote skills in international
conflict resolution as an essential element of diplomacy and foreign
policy," he continued. "The lack of stable societies and rule of law in
many parts of the world increases the potential for armed conflicts. We
strongly believe that preventive action to forestall these conflicts in the
first place, and resolving them through peaceful means when they do occur,
will minimize the need for military interventions. The increased capacity
for our programs that the Institute will gain with its new headquarters
will significantly increase our ability to reach out to the American public
and the world."
USIP, created by Congress in 1984, conducts research, education and
training on the prevention, management and resolution of international
conflict. Its staff of nearly 200 experts and support staff work in many of
the world's major conflict zones to promote peaceful resolution of those
conflicts and train indigenous groups in the skills of peace building. More
information about the work of USIP can be found at http://www.usip.org.
Chevron Corporation is one of the world's leading energy companies.
With more than 55,000 employees, Chevron subsidiaries conduct business in
approximately 180 countries around the world, producing and transporting
crude oil and natural gas, and refining, marketing and distributing fuels
and other energy products. Chevron is based in San Ramon, Calif. More
information on Chevron is available at http://www.chevron.com.
SOURCE Chevron Corp.
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Related links:
http://www.chevron.com
http://www.usip.org/
CONTACT:
Alex Yelland of Chevron Media Relations,
+1-925-842-0456
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