–Chevron Donates $2 m in Disaster Relief to Burma but New Report Charges the Company with Abetting Human Rights Abuses
–Military Contractor in Iraq Hires Translators Who Can’t Translate, Putting Iraqi and US Lives at Risk
–Climate Counts Releases 2008 Ranking of Commitment by Companies to Reversing Climate Change
Mindy Lubber, president of Ceres and director of the Investor Network on Climate Risk, provides commentary on a recent Ceres report examining how mainstream mutual funds vote on shareholder resolutions that urge companies to address climate change. A 2004 SEC rule requires mutual funds to disclose their proxy voting records each year. The report finds that mainstream mutual fund opposition to climate resolutions is thawing–but ironically, support for climate resolutions is also decreasing. Filling this gap is abstentions, which have doubled from 2004 to 2007. For the sake of disclosure, CWR co-host Bill Baue co-authored the report.
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Climate Change, Gary Hirshberg, human rights, investor network, Mindy Lubber, shareholder resolutions, sustainable economy