News Archives » Faith Responsible Investing
VIVAT International Submission on Mining and HR June 3rd, 2013
Newmont Mining Protests in Peru
VIVAT International submitted an Oral Statement to the 23rd Session of the UN Human Rights Council on the issue of human rights and transnational corporations. The submission focused on concerns related to mining activities and their negative effects, particularly on indigenous peoples.
A directive signed last year by Brazil’s Solicitor-General “opens up all indigenous areas to mineral, dams, roads, military bases and other developments of ‘national interest’ without the need to consult with or address concerns of indigenous peoples”, according to an expert familiar with the directive who asked to remain anonymous. It also restricts demarcation of new indigenous territories. A similar dynamic is underway in Peru, where the government recently backslid on implementation of the Indigenous Peoples Consultation Law (Consultation Law). The landmark law, passed in 2011, requires the Peruvian government to consult indigenous peoples affected directly by development policies and projects such as oil drilling, mining, roads and forestry. Consultations must aim to achieve agreement or consent. The hope was that the law, if implemented effectively, could help reduce the number of violent conflicts that frequently emerge in the country’s oil and mining industries.
However, in early May, Peru’s Vice Minister of Culture Ivan Lanegra—responsible for overseeing implementation of Peru’s Consultation Law—resigned in protest following Executive branch declarations that highland (or campesina) communities do not qualify as indigenous peoples. At the same time, the Peruvian government announced that it will proceed with 14 mining projects located in the Peruvian highlands without prior consultation with neighboring communities.
Investors Support Conflict Mineral Rule June 3rd, 2013
The Missionary Oblates JPIC office has joined other investors in supporting a U.S. law aimed at preventing trade in conflict minerals from the Democratic Republic of Congo. The investors statement supporting the final rule by the SEC on Section 1502 of the Dodd-Frank legislation says, “Given that the long standing conflict in the Democratic Republic of Congo (DRC) has claimed more than five million lives and contributed to egregious human rights abuses such as rape, child soldiers, and slave labor, we believe companies must disclose their use of conflict minerals.”
Some manufacturers and business associations have sued the Securities and Exchange Commission (SEC) on the Section 1502 rule.
Setback for Indigenous Peoples’ Right to Prior Consultation in Peru May 29th, 2013
The Peruvian government is refusing to publish a database on indigenous peoples and has excluded from the consultation process, coastal and mountain communities, where mining activity is concentrated.
The implementation of the Law of Prior Consultation of Indigenous Peoples over legislative or administrative measures that directly affect them — in effect for a little over a year — is facing huge setbacks in Peru. In late April, in the context of falling metals prices and slowing economic growth in China and Europe, the government temporarily waived prior consultation on 14 mining projects located on the coast and in the mountains and that are currently in exploratory phase.
Pope Francis and Shareholders United in Priorities May 28th, 2013
In this blog on Huffington Post, Fr. Seamus Finn OMI examines the connections between faith-driven shareholder activism and a recent talk by Pope Francis on some of the important issues that have been publicly debated since the near collapse of the financial system.
OMI JPIC office welcomes intern Br Terence Chota OMI May 23rd, 2013
The Oblate JPIC office is proud to welcome our intern Brother Terence Chota OMI. We are excited to have Br Terence join our staff for the summer. He will be focusing on Human Rights and Integrity of Creation issues. The following is an introduction to Br Terence:
I am Terence Kasonde Chota. I come from Zambia, which is in the southern part of Africa. Upon completion of my High School Education, I trained as a Primary School Teacher. I joined the Missionary Oblates of Mary Immaculate in 2003. I did two years of my initial formation in Zambia, followed by a spiritual year and Oblate Charism in Namibia. I then went to study French and Philosophy in Cameroon where I completed with a Bachelor’s Degree. I went back to Zambia for youth ministry in both Education and ecclesiastical circles. In 2010, I went to South Africa to do my Bachelor in Theology. I am currently at the Oblate School of Theology pursuing a Master of Divinity and a Master of Art in theology.
I have had a unique experience of formation. I have been in at least 3 different houses of formation. I believe God provided this opportunity for me, not because I am strong, but because am actually weak and feeble enough to lean on him. Adapting to different cultures is not easy but it is very enriching. With the challenges and joys that I have faced in everyday life experiences I have realized that I have holistically developed in my spiritual life and the Oblate way of Life. I have learnt that to strive for holiness and maturity in my own personal life is extremely important, but it is only half the picture; the other half is our God-given responsibility to the world around us. My areas of interest in issues of justice are in integrity of creation, human trafficking and human dignity. This is very vital for me because the OMI Justice, Peace and Integrity of Creation (JPIC) initiative works to promote human dignity and respect for God’s creation through faith-consistent investments principles, advocacy with corporations and governments, educational outreach, and grassroot organizing in Oblates parishes.
I would sum up my experience as an Oblate with constitution 32 of the Oblates Constitution and Rules: “it is as missionaries that we worship, in the various ways the Spirit suggests to us. We come before him bearing with us the daily pressures of our anxiety for those to whom he sends us. Our life in all its dimensions is a prayer that, in us and through us, God’s Kingdom come.”
