News Archives » Faith Responsible Investing
DIRTY OIL: THE FILM August 31st, 2011
The first film to tackle the subject, Dirty Oil dramatically explores the battle between industry, government, local communities and environmentalists over the development of the oil sands of Alberta, Canada.
From the heart of the oil sands, the film follows the pipelines to the U.S. Midwest refineries, to witness how refineries, much like its Canadian counterparts, try to increase toxic dumpings into the Great Lakes. These disturbing stories profoundly illustrate the price dirty oil is taking on both sides of the border.
It is the heart-wrenching story of industry and government putting money before the health and security of its people and the environment.
View “Dirty Oil” online on the Babelgum website
From the makers of Downstream: Narrated by Canadian actress and environmentalist Neve Campbell, this much anticipated feature documentary from Academy Award®-Nominated director Leslie Iwerks goes deep behind-the-scenes into the strip-mined world of Northern Alberta, Canada.
Restore Faith in the Markets August 17th, 2011
Bipartisan Bill on Human Rights Risks in Supply Chains August 16th, 2011
On August 1, 2011, Congresswoman Carolyn Maloney (D-NY) introduced the Business Transparency on Trafficking and Slavery Act (H.R. 2759). If enacted into law, the bill would require companies to disclose efforts to identify and address the risks of human trafficking, forced labor, slavery, and the worst forms of child labor in their supply chains. The bill is co-sponsored by Rep. Christopher Smith (R-NJ), the Chairman of the US House Subcommittee on Africa and Global Health.
H.R. 2759 would require companies to include such disclosures in their annual reports to the Securities and Exchange Commission (SEC). Disclosure would include policies to identify and eliminate risks of forced labor, slavery, human trafficking, and the worst forms of child labor within their supply chains. It would also require suppliers to certify that materials incorporated into the products comply with laws regarding the above issues in the country or countries in which they are doing business.
The disclosures would be available on the SEC and company websites. The bill has been referred to the House Committee on Financial Services for further legislative consideration. Stay tuned to the JPIC website for updates on this important legislation.
Help Celebrate ICCR’s 40th Anniversary! August 12th, 2011
Please join us in New York on September 22nd for ICCR’s Special Anniversary event!
ConocoPhillips Improves Corporate Human Rights Position August 12th, 2011
ConocoPhillips has amended its corporate Human Rights policy to include recognition of the rights of indigenous peoples as articulated in UN declarations and conventions. This action, approved by ConocoPhillips Chair/CEO Jim Mulva as well as the Board of Directors, is one result of ICCR member shareholder dialogs with the company led by Steven Heim at Boston Common Asset Management. The Oblates have been engaged in this dialog for several years and remain deeply concerned about the impacts of corporate activity – particularly oil and gas exploration – on indigenous peoples.
The company’s position on the rights of indigenous peoples now reads:
“The Company’s approach to engagement with indigenous communities, in locations where they are an important stakeholder group for our operations, is consistent with the principles of the International Labour Organization Convention 169, concerning Indigenous and Tribal Peoples, and the United Nations Declaration on the Rights of Indigenous Peoples.”
In May of this year, the company announced it was pulling out of a controversial project slated for northern Peru. The project threatened two uncontacted tribes in the area.
Read the company’s Human Rights Position statement…
