News Archives » North America
Voting Your Proxy May 17th, 2010
Do you hold stock in publicly owned corporations? If so, you should receive information from those companies prior to their Annual General Meetings (AGM) with a proxy ballot enclosed. Bolster democracy in the Boardroom – join with others and support corporate change you care about.
Learn more in the Faith Responsible Investment section of this website…
Zimbabwe Transition to Democracy and Economic Recovery Act of 2010 Introduced in the US Senate May 14th, 2010
The Zimbabwe Transition to Democracy and Economic Recovery Act of 2010 (S.3297) has been introduced in the US Senate by a bi-partisan group: Senators Russ Feingold (D-WI), Johnny Isakson (R-GA), and John Kerry (D-MA). The bill seeks to create new United States policy towards Zimbabwe.
Current U.S. policy towards Zimbabwe is characterized by the Zimbabwe Economic and Democracy Recovery Act of 2001 (ZEDERA) and an Executive Order declared by President Bush in 2003. Extended by President Obama until March 2011, this lists more than 200 individuals and business entities subject to a travel ban and whose assets have been frozen.
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CMSM and LCWR Executive Directors Call for Needed Immigraton Reform May 14th, 2010
The Executive Directors of the Conference of Major Superiors of Men and the Leadership Conference of Women Religious have issued a letter highlighting the need for urgent immigration reform. Their letter is in response to the recent “draconian enforcement-only legislation in the state of Arizona.”
Recognizing the right of the United States to control its borders, the religious leaders emphasize that “a just and humane approach to immigration reform must include a path to citizenship, family reunification and protection of workers’ rights.”
Read their letter (Download PDF)
Goldman CEO Calls for Internal Review; ICCR Derivatives Resolution Garnered 33.7% of Shareholder Vote! May 9th, 2010
ICCR Members Sr. Barbara Aires (Sisters of Charity of Saint Elizabeth, NJ), Seamus Finn, OMI, Cathy Rowan (Maryknoll) and Kate Walsh (Tri-State Coalition of Responsible Investors) head to the Goldman Sachs AGM, May 7, 2010
The head of Goldman Sachs, Lloyd Blankfein, at the company’s Annual Meeting last Friday, promised to conduct an internal review of the company’s business practices to make sure it was serving its customers and the public interest. The government has accused the bank of defrauding some clients in a derivatives deal.
The Missionary Oblates, along with other faith-based shareholders, filed a Resolution calling for greater transparency on derivatives trading, which captured 33.7% of the shareholder vote, a significant amount. Similar resolutions filed with Citigroup and Bank of America have won 30% and 39% of the shareholder vote, respectively, despite company opposition.
Alberta Tar Sands: Dirty Oil May 9th, 2010
The recent oil-related ecological disaster in the Gulf of Mexico raises questions about the sources of the energy on which we are so dependent. An increasingly important source of oil for the United States is the tar sands of Alberta, Canada.
The Alberta Tar sands, an extremely dense and viscous form of petroleum called bitumen, have been referred to as the most damaging project on the planet. According to Greenpeace, emissions from tar sands extraction could grow to between 127 and 140m tonnes by 2020, exceeding the current emissions of Austria, Portugal, Ireland and Denmark. If proposed expansion proceeds,it will result in the loss of vast tracts of boreal forest and peat bogs of a territory the size of England.
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