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Oblates Active in ICCR AGM in Boston June 10th, 2012
Simmons College, Boston, MA
The Oblates participated in the Annual General Meeting of the Interfaith Center on Corporate Responsibility (ICCR) that met at Simmons College in Boston from June 4-8. The corporate engagements over the last proxy season were evaluated – with successes celebrated, and plans laid for the 2012-2013 season. Areas in which the Oblates are active include: access to finance, extractives, global access to health, water, human trafficking, toxic chemicals, corporate governance and supply chain (labor) issues. John Ruggie, Professor at Harvard’s Kennedy School and the UN Special Rapporteur behind the UN Guiding Principles on Human Rights and Business was honored at a reception Wednesday evening.
The work on the financial services sector continues to be a high priority for ICCR members and has generated significant media attention. Resolutions and statements by religious investors continue to draw attention to the extensive moral and ethical responsibilities that corporate actors in this space assume. The enduring impact of the destruction of nearly 17 trillion dollars of wealth since the near financial meltdown of September 2008 is a clear justification of the need for such vigilance. This work by ICCR members has strongly supported the efforts of numerous homeowners in places like the San Fernando Valley CA and Prince William County in VA to stay in their homes and restore their communities.
Fr. Seamus Finn, OMI and Sr. Judy Byron, OP at ICCR
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Protect the Amazon for the Achuar May 25th, 2012
Two Oblates are working among the Achuar people who live in the Peruvian Amazon. They have been holding meetings with the people to get to know their culture, their traditions and to learn from them about their relationship to the land. The Achuar don’t celebrate Earth Day once a year, every day is EARTH DAY.
Their life is deeply connected to their land and nature. What a sad day it would be to lose all they have learnt from the land and not hear again the sound of the birds and enjoy this lush forest and beautiful waterfall that inspires dreams. Petrol companies would destroy this natural beauty and the ways of life of this peaceful loving people forever.
Oblate Questions JP Morgan/Chase CEO Jaime Dimon May 16th, 2012
Fr. Seamus Finn, OMI representing the Oblates of Mary Immaculate at the JP Morgan/Chase AGM yesterday in Naples, Florida, made pointed comments about the latest heavy losses at the company. He questioned Dimon’s opposition to the Volcker Rule and the bank’s lobbying in opposition to other aspects of the financial regulations being developed at the SEC in response to the Dodd-Frank legislation.
He was quoted today by Maureen Dowd in her NY Times column:
The Rev. Seamus Finn, representing shareholders from the Catholic organization Missionary Oblates of Mary Immaculate, did gently press the boss: “We’re wondering, Mr. Dimon, given what we’ve learned, do you still believe a company can self-regulate when trading on their own accounts?” He added: “Furthermore, should our company really be spending shareholder funds on, some $7 million last year alone, on lobbying efforts to thwart the Dodd-Frank legislation and the work of regulators to write the rules stemming from that legislation?” The priest concluded that the shareholders, “weary of mistakes” and pledges to reform, wonder if Dimon is listening.Fr. Finn was also quoted in The Guardian, on CNBC.com, The Telegraph, Crain’s New York Business, and the timesfreepress.com
Faith Groups Call for Increased Poverty-Focused Foreign Assistance May 11th, 2012
The Missionary Oblates joined 35 multi-faith U.S.-based religious institutions in urging Congress to pass a faithful budget that increases funding above current levels for poverty-focused international development, humanitarian assistance and global health programs in the State and Foreign Operations Appropriations bill. The letter points out, “Using less than one percent of the federal budget, poverty-focused foreign assistance saves lives, lays the groundwork for economic growth around the world and fosters global human security. Its programs alleviate hunger and malnutrition, help communities access clean water and sanitation, facilitate rural development, educate children, combat deadly but preventable diseases and promote global health.”
Read the full letter (Download PDF)
Impacts of Mining Exhibit at the UN hosted by VIVAT International May 1st, 2012
The Missionary Oblates and VIVAT International will host a multi-media exhibit on the impacts of mining operations on people and ecosystems around the world on May 8th at the United Nations. This unique exhibit will be up for viewing from 11:00-3:00 pm in the Chapel at the Church Center for the United Nations. May 8th is the second day of the Permanent Forum on Indigenous Issues, the theme of which is the Doctrine of Discovery. The exhibit organizers have reached out through their global faith-based networks for stories and images from local communities affected by mining operations. If you are in New York on May 8th, please attend!
Goals of the exhibit include:
- Bearing witness to the suffering of the Earth and its peoples as a consequence of extractive industry abuses;
- Underscoring the necessity of industry standards in preventing mining abuses; and
- Revealing the courageous resistance of peoples all over the world to inadequate extractive industry standards.
At 2:30, there will be a special 15 minute commemoration of those who have been murdered around the world as a result due to their community resistance against the consequences of extractive industry on their communities.
