News Archives » Faith Responsible Investing
Threat to Water from Mining in Peru Mobilizes Masses February 5th, 2012
Thousands of Peruvians from the Amazon to Lima have mobilized against a serious threat to the water in the Cajamarca region of Peru. Residents there, mostly indigenous peoples, are deeply concerned about the threat to their water from a proposed mining development by the American company, Newmont Mining. Oblates in the US have engaged Newmont about the impact of their operations on communities where they have mining operations. The Yanacocha mine has been a priority in those conversations though the recent turmoil in the Cajamarca region is related to the proposed development of Minas Congas and extension of the Yanacocha project. The Oblates in Peru are supporting the March for Water that has been organized by civil society in the impacted areas.
The movement claims “the right to be consulted, to be respected and heard in decisions about its development model, for socially-just participation in economic growth, the prohibition of mining in the headwaters of rivers, and a stop to mining with cyanide and mercury that is causing so much damage to land and water.” The marchers are proclaiming their human right to water, and drawing support from churches and civil society alike in a several day march from Cajamarca to Lima. The Great National Water mobilization began on February 1st and will conclude with a convocation in Lima on February 9-10.
Read a full description of the mobilization (in English translation):
“SMALL STREAMS MAKE THE GREAT RIVER OF LIFE”: THE GREAT NATIONAL WATER MOBILIZATION”
Materials in Spanish are also available under News in the Spanish section of this website
Women religious, shareholders raise awareness about child sexual exploitation during the Super Bowl January 31st, 2012
Building off of last year’s successful campaign, Celebration without Exploitation, members of the Interfaith Center on Corporate Responsibility (ICCR) are once again coordinating with local law enforcement to raise awareness of the risks of child sex trafficking during the Super Bowl.
While football fans pour into Indiana next week to cheer for their favorite teams, traffickers in the sex trade are gearing up for their most profitable weekend of the year. Because trafficking is reported to peak at large sporting events and hotels are the prime venue for prostitution, shareholders have initiated a multi-pronged campaign to keep hotels trafficking-free during Super Bowl weekend and beyond.
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Updates on Events and Resources from the JPIC Commission Office in Rome January 26th, 2012
The following is a list of useful upcoming JPIC events and resources:
A course on Catholic Social Teaching (in Spanish): A comprehensive written course on Catholic Social Teaching, prepared for University students, was written and published in Latin America. It can be downloaded at: http://www.kas.de/sopla/es/publications/29414/
JPIC Promoter’s Formation Course in the USA: An intensive week-long seminar for JPIC Congregation promoters takes place at Saint Mary’s Notre Dame, Indiana from June 3-10. The brochure is due out in February. For more information, go to http://www.holycrossjustice.org/JusticeCraft/JusticeCraft.asp
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Faith-Based Investors Call on House Leadership to Support Human Trafficking Legislation January 26th, 2012
The Missionary Oblates of Mary Immaculate joined members of US Social Investment Forum and The Interfaith Center on Corporate Responsibility (ICCR) in a letter to The Honorable John Boehner (Speaker, U.S. House of Representatives) and The Honorable Eric Cantor (Majority Leader, U.S. House of Representatives) seeking their support on the Business Transparency on Trafficking and Slavery Act (HR 2759). The letter strongly encourages the House leadership to support investors, companies, workers and consumers by moving this important legislation forward in an expeditious manner.
This letter was drafted, reviewed and contributed to by a broad coalition of experts and members of US SIF and ICCR. Read the letter…
Corporations, Taxes and Responsible Investors January 23rd, 2012
Read the latest from Fr. Seamus Finn, OMI on Huffington Post.
He highlights the responsibility of corporations that “…rely on numerous public resources and services to operate their businesses and maintain their profitability…[to] contribute their fare share to the public coffers that enable governments to develop the foundation and provide the services that corporations and all citizens count on to survive.”
He ends with a clear call: “Shareholders, and especially faith based and socially responsible investors, will need to consider how to engage companies that are identified as the most aggressive in developing legal strategies to either avoid or evade the payment of approved taxes. The use of such tools and action that are clearly designed to profit by avoiding responsibility to contribute appropriately to the revenue streams, that are essential to the fulfillment of the government’s mandate to safeguard the public welfare and protect the common good, deserves much closer evaluation and scrutiny.”
2012 promises to be an interesting year as societies across the globe struggle with financial and environmental sustainability in the context of justice.
