News Archives » faith consistent investing
Canadian Mining Symposium a Success November 9th, 2014
Over a hundred and fifty people gathered on November 7th and 8th, 2014 at St. Paul’s University Campus for a symposium on mining organized by the Justice, Peace and Integrity of Creation ministry of the Canadian LaCombe Province. The gathering, titled SYMPOSIUM: Mining Extraction and Justice “The Global Cry of the People”, looked at the impacts of mining on affected communities, and their response. The dialog of faith groups with mining companies was also examined. Fr. Seamus Finn, OMI from the US JPIC Office, who has actively engaged a number of multinational mining companies, moderated one of the discussion panels. The symposium featured Fr. Gustavo Gutierrez, author of A Theology of Liberation, as the Keynote speaker.
Official Program available here.
Oblates and ICCR Meet with Walmart CEO August 30th, 2014
Oblates and ICCR meet with new Walmart CEO Doug MacMillan at company headquarters in Bentonville AK in July
Investor Coalition Successfully Urges Natural Gas Companies to Address Fracking Impacts June 17th, 2014
Under pressure from a coalition of investors for the fifth year in a row, major oil and gas companies including ExxonMobil, EQT, and Occidental Petroleum agreed to report on steps being taken to mitigate the adverse environmental and community impacts of their hydraulic fracturing operations.
The coalition of investors, which includes faith-based and socially responsible investors, as well as major public pension funds, filed shareholder proposals at Chevron, ExxonMobil, EQT, EOG, Pioneer Natural Resources, and Occidental Petroleum earlier this year, raising concerns about the risks associated with the impacts of company hydraulic fracturing operations. In response to corporate commitments, shareholders withdrew the proposals at ExxonMobil, EQT, Occidental Petroleum, and Pioneer Natural. Nearly a third of shareholders voted in favor of the proposals presented at EOG and Chevron’s annual meetings of shareholders.
The Missionary Oblates co-filed on the fracking proposal with Chevron, and has engaged a number of oil and gas companies on emissions reductions
Click here to read more »
Shareholder Proposal Succeeds in Bringing Google to the Table to Talk about Corporate Taxes May 23rd, 2014
The Oblates supported a shareholder proposal filed by Domini Social Investments with Internet giant, Google, seeking a responsible code of conduct on global tax strategies. Google has agreed to sit down with the investor group and discuss this issue, which is an important element in the conversation around the role of government and the revenue sources available to it to meet its responsibilities.
Adam Kanzer, Managing Director and General Counsel at Domini, wrote an Op Ed to explain the thinking behind the investor position that corporations need to pay their fair share of taxes. In it, he dispels a few myths about US corporate taxes, and argues that a deeper analysis shows that “Corporate tax minimization strategies present serious threats to long-term wealth creation and might pose greater risks than corporate taxation itself.”
Click here to read more »
Kidnapping in Nigeria a Tragic Reminder that Trafficking and Slavery Persist Worldwide May 16th, 2014
Constant vigilance and the full participation of all stakeholders is required to guard against hidden human rights abuses.
Over 200 schoolgirls were kidnapped on April 14th by Boko Haram in Nigeria, setting off a firestorm of concern from around the world. In messages to the Nigerian government the extremists have referred to the girls as slaves and threatened to “sell them on the market”. The Interfaith Center on Corporate Responsibility (ICCR), a shareholder coalition that has been working to highlight human trafficking and modern slavery in corporate supply chains, adds it voice to the many religious, governmental, non-governmental and international institutions calling for the mobilization of all necessary resources and expertise to help locate and free the missing girls. The Oblates are active participants in ICCR and work through the coalition to abolish human trafficking and modern day slavery.
Click here to read more »
