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News Briefs |
Investors Urge US to Support Rights of Indigenous Peoples
(07/30) Calvert and the Indigenous Peoples Working Group of the Social Investment Forum encourage the US State Department in its reconsideration of the 2007 vote against the UN Declaration on the Rights of Indigenous Peoples. EIRIS Report Details Human Rights Abuses and Other Allegations Against Vedanta Resources Operations in India (07/29) The UK-based investment research firm seeks to raise investor awareness of Vedanta's mining operations in India, and pressure the company to engage with investors more constructively. Report Examines Role of Business in a Sustainable Economy (07/28) The World Business Council for Sustainable Development identifies alarming levels of growth in urbanization and consumption, and describes crucial role of business in transition to sustainability. Investors Lead Way on Climate Change As Senate Fails to Act (07/27) The US Senate abandons effort to pass meaningful legislation in a year when climate change-related shareowner resolutions attract widespread support. Investors Address Human Rights in Electronics Supply Chains (07/26) In the aftermath of suicides at the Foxconn manufacturing plant in China, an investor coalition asks for improved conditions for workers. More News Articles
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An Announcement from Needmor Fund
The Needmor Fund is pleased to announce the appointment of Shari Berenbach, President and CEO of
the Calvert Social Investment Foundation, to Needmor’s Finance Committee. Shari brings with her a
comprehensive background in mission related finance and community investments. Her long tenure at
Calvert Foundation has seen it grow from $5 million to $350 million in community investment assets
under management.
Widely respected in the community investment world, Shari has long associations with many of Needmor’s key partners in the field. We think there is much that Needmor can learn from Shari and she has expressed the same in her expectation of joining Needmor. The Needmor Fund, headquartered in Toledo, Ohio, funds community organizing across the nation. They have been pioneers in socially responsible investing, shareholder activism, and community development investing. Dave Beckwith, Executive Director dbeckwith@needmorfund.org Ken Rolling, Board Chair www.needmorfund.org
New Sustainable Transportation ETF to be Launched on NASDAQ
Invesco PowerShares Capital Management
LLC plans to list its PowerShares Global Progressive Transportation Portfolio on the NASDAQ
Stock Market on September 18, 2008.
To be traded under the ticker PTRP, the portfolio is an exchange-traded fund (ETF) that is based on the Wilder NASDAQ OMX Global Energy Efficient Transport Index. An index-based exchange-traded fund seeks to replicate the movements of an index of a financial market. The Wilder Index tracks innovative and energy efficient transportation by focusing on businesses that are engaged in cleaner and improved means of transporting goods and people. It includes a global group of companies engaged in four focus areas: alternative vehicles; rail and subway systems; sea, land, air and intermodal; and transport innovation.
Google Heats Up Next Generation Geothermal Energy
More than $10 million in investments and grants will flow from Google.org into Enhanced Geothermal Systems (EGS) technology.
Google is also supporting research into governmental policies on geothermal energy and next
generation geothermal resource mapping.
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