News Archives » Faith Responsible Investing
UNITAID approves Patent Pool for HIV Medicines January 5th, 2010
On December 15, 2009 the UNITAID Board, meeting in Geneva, passed an historic resolution to create a patent pool for HIV drugs. The Oblates, with other faith-based investors in the Interfaith Center on Corporate Responsibility (ICCR), are encouraging major pharmaceutical companies to engage with UNITAID in the development of a robust patent pool.
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Human Rights Watch Report on Congo says UN Mission Needs to Protect Civilians December 14th, 2009
A United Nations-supported military offensive in eastern Congo has led to more than fourteen hundred civilian murders this year by both Congolese troops and rebels according a Human Rights Watch report released December 13. The report, titled “You Will Be Punished: Attacks on Civilians in Eastern Congo,” documents the deliberate killing of more than 1,400 civilians between January and September 2009. The killings occurred during during two Congolese army operations against a Rwandan Hutu militia, the Democratic Forces for the Liberation of Rwanda (FDLR).
Many advocacy groups say that the UN peacekeeping mission in Congo has failed and must be reformed to protect civilians adequately. The situation is extremely violent, with various rebel groups supporting their operations with proceeds from stolen minerals. The area is rich in resources such as gold, diamonds, copper, tin and the metallic ore coltan, used in the manufacture of cell phones.
The report was issued as the Security Council prepares to vote on a renewal of the peacekeeping mission mandate of United Nations Organization Mission in DR Congo (MONUC) on December 21.
House Passes Wall Street and Consumer Protection Act December 11th, 2009
The House of Representatives just passed important legislation designed to reign in the abuses that led to the recent financial meltdown. H.R.4173, the Wall Street Reform and Consumer Protection Act of 2009 tightens regulation of Wall Street and the financial sector. It creates a new agency with oversight of consumer lending, establishes new rules for transactions – like derivatives – that contributed to the meltdown, and seeks to reduce the threat that one or two huge companies on the verge of collapse could bring down the economy (too big to fail).
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2009 Global Parliament of Religions Gather in Australia December 7th, 2009
There are No Jobs on a Dead Planet
The Rev. Seamus Finn, OMI will speak at the fifth global conference of the Parliament of World Religions which is meeting from December 3 to 9, 2009 in Melbourne, Australia. The Council for a Parliament of the World’s Religions aims to cultivate harmony among the world’s religious and spiritual communities and foster their engagement with the world and its guiding institutions in order to achieve a just, peaceful and sustainable world.
The theme for the 2009 Parliament is “Make a World of Difference: Hearing each other, Healing the earth.” The 2009 Parliament will welcome over 10,000 people from 80 countries to take part in approximately 500 events including keynote addresses, seminars, conferences, debates, performances, concerts and exhibitions.
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Conflict Mineral Trade Act 2009 Introduced in the US House of Representatives November 20th, 2009
Oblates visit a war refugee camp in DRC
On November 19, the United States House of Representatives introduced the Conflict Minerals Trade Act of 2009. The bill was introduced by Congressman Jim McDermott (D-Washington), with co-sponsorship from Barney Frank (D-Massachusetts) and Frank Wolf (R-Virginia). A coalition of faith based organizations and international nonprofit organizations concerned about conflict stemming from minerals extraction are encouraged by this Congressional action. The bill has also received support from various stakeholders in the electronics industry. To make this bill a reality, though, you need to urge your Congressional Representative to cosponsor the Conflict Minerals Trade Act of 2009 (HR 4128). Find your Representative on the House.gov website.
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