News Archives » South America
Engaging for Impact March 2nd, 2015
Why Do Faith-based Shareholders Engage Mining Companies?
The Rev. Seamus Finn, OMI was interviewed recently by SUSTAIN, a publication of the International Finance Corporation, a lending arm of the World Bank that focuses exclusively on the private sector. The IFC is interested in how the Church has engaged in recent years with the extractives industry. Fr. Finn has been centrally involved in high-level meetings called by the Vatican and the Archbishop of Canterbury with mining CEOs and faith-based representatives to discuss ways to increase respect for the rights of, and lessen the impact of mining operations, on local communities. He is Director of Faith-Based Investing for the Oblate International Pastoral (OIP) Investment Trust, and Executive Director of the International Interfaith Investment Group (3iG)
Some of the questions asked in the interview are: “Why should the church care about extractives?”, “Why social justice through investment?”, and “Is there a way to secure societal fairness? Is it always a dynamic or is there a sweet spot?”
Church representatives vow to defend Latin American areas with mines December 11th, 2014
Thanks to Catholic New Service for this article, which was written by Lise Alves
SAO PAULO (CNS) — Christian leaders from 14 Latin American countries gathered in Brasilia in early December to discuss ways to reduce the impact of mining activities in their communities, especially the contamination of rivers and lakes.
“There is no large-scale industrial mining without water,” said Bishop Guilherme Werlang of Ipameri, president of the Brazilian bishops’ social justice and charity commission. But the bishops say materials used in mineral extraction contaminate groundwater, rivers and lakes in mining regions.
“It has been proven that these toxic materials will remain in the soil and in the water during many centuries,” said Bishop Werlang.
A three-day conference dubbed “Church and Mining: An Option in Defense of Communities and Territories,” was the first of its kind in the region. The conference had the support of the Brazilian bishops’ conference and the participation of the Latin American Council of Churches as about 90 participants tried to define strategies and alliances to reduce the impact of mining activities.
“We discussed the threats, challenges and insecurities that local and indigenous communities throughout Latin America are experiencing where mining companies are operating,” said Oblate Father Seamus Finn of the Oblates’ Washington-based Justice, Peace and Integrity of Creation Ministry.
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Important Advances in Pediatric AIDS Drug Development December 3rd, 2014
World AIDS Day saw two important announcements regarding development of much-needed pediatric AIDS drugs. This is an issue on which the Oblates and other faith-based investors in the Interfaith Center on Corporate Responsibility (ICCR) have pressed pharmaceutical companies on for years. Since most pediatric AIDS patients are in poor, developing countries, the usual market incentive for drug development does not exist. And, the development of pediatric AIDS drugs, particularly for infants, is challenging. ICCR members have actively encouraged the major pharmaceutical companies to participate in the Medicines Patent Pool, a mechanism established under the auspices of the UN to ‘pool’ patents for drugs to make existing formulations more readily available for generic production and for innovative fixed dose combinations to be developed.
On Monday, World AIDS Day, Abbvie announced a licensing agreement for lopinavir (LPV) and ritonavir (r), top World Health Organization-recommended medicines for children. The license will enable other companies and organizations to re-formulate and manufacture specially designed LPV/r and r pediatric treatments for distribution in low- and middle-income countries where 99% of children with HIV in the developing world live. [Abbvie is a spinoff of Abbott Laboratories that contains the research-based pharmaceutical business.]
On the same day, the HIV Medicines Research Industry Forum announced that the forum is joining PEPFAR, the Global Fund, and the Pediatric HIV Treatment Initiative (PHTI) in the newly established “Global Pediatric Antiretroviral (ARV) Commitment-to-Action” to accelerate innovation and save children’s lives. The initiative is designed to accelerate the development of new, high-priority pediatric ARV co-formulations for first- and second-line treatment by 2017.
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