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Investors Encourage Corporations to Report on Water Use April 16th, 2011
Thirty-three faith-based and socially responsible institutional investors with assets under management of $2.3 trillion have written to encourage companies who failed to submit a 2010 report to the Carbon Disclosure Project’s Water Disclosure Project. The investors, which included the Oblates of Mary Immaculate, are encouraging the heavy water-using companies targeted by the Report to complete the questionnaire for 2011, or explain why they are not planning to participate. Company submissions can help identify areas of both strength and weakness in water management.
Many corporations are only now beginning to look seriously at their water use, realizing that a global water crisis could pose significant risks if this vital resource is not managed carefully. Climate Change is widely expected to aggravate worldwide water shortages in the coming decades. Credit Suisse estimates that, by 2020, 37 percent of the global population will face severe water stress.
Increased demand is a major problem. Since the 1940s, the global population has tripled to more than 6 billion people worldwide. Over the same period, global water use has quadrupled. Agriculture uses 70-80% of the water used globally. In many areas, including parts of the US, which are drawing on underground aquifers, this rate of water use is unsustainable, in other words, it is being used at a faster rate than it is being replenished.
While the metrics for reporting on water use are in the process of being refined at an international level, the CDP Water Disclosure is an important step in this process.
The Missionary Oblates of Mary Immaculate have been engaging a range of U.S. companies on water use and reporting issues, and are a signatory to the CDP Water Disclosure Project.
Fall 2010 Issue of the JPIC Report Available October 10th, 2010
Read the new issue of the JPIC Report. If you are not receiving a hard copy in the mail and would like to, please contact the JPIC Office by emailing Rowena Gono.
Read the Fall 2010 JPIC Report (Download PDF)
Law to Protect Philippine Environment from Destructive Mining Operations July 6th, 2010
On June 29, 2010, Governor Avance-Fuentes of South Cotabato, Mindanao, Philippines signed into law Resolution No. 84 “Enacting the Environment Code of the Province of South Cotabato”. This code bans open pit mining. It talks about the need for genuine consultation with affected indigenous people as well as for protection of the environment, particularly of local water supplies. Multiple concerns about the damaging effects of open pit mining underlay the Governor’s decision to sign the law. This was a courageous decision as she was under serious political pressure from a powerful politician with mining interests not to do so.
The Governor, in her signing statement, said: “When the rivers dry up, the aquifers no longer supply clean water, and pollution contaminate our waters, can we, in conscience, face the future generation? Is it not that we duty bound to actively ensure the sustainability of our natural resources for the next generation’s survival?”
Read Governor Avance-Fuentes’ Signing Statement…
Alberta Tar Sands: Dirty Oil May 9th, 2010
The recent oil-related ecological disaster in the Gulf of Mexico raises questions about the sources of the energy on which we are so dependent. An increasingly important source of oil for the United States is the tar sands of Alberta, Canada.
The Alberta Tar sands, an extremely dense and viscous form of petroleum called bitumen, have been referred to as the most damaging project on the planet. According to Greenpeace, emissions from tar sands extraction could grow to between 127 and 140m tonnes by 2020, exceeding the current emissions of Austria, Portugal, Ireland and Denmark. If proposed expansion proceeds,it will result in the loss of vast tracts of boreal forest and peat bogs of a territory the size of England.
Click here to read more »
Spanish Environmental Brochures Now Available January 8th, 2010
Spanish language versions of the new OMI JPIC Environmental Brochures are now available for download and printing.
Visit our Spanish site and look for the post: Nuevos Folletos sobre Uso de Agua, Alimentos, Productos de Limpieza Inofensivos, Comercio Justo y Más!
Oblates interested in receiving printed brochures can request copies from the US Oblate JPIC Office. Please email Mary O’Herron.
