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News Briefs |
Is There a Case to Be Made Against Corporate Social Responsibility?
(09/02) The argument that corporate social responsibility impedes better corporate governance ignores the financial relevance of environmental, social, and corporate governance considerations. Banks Back Away from Financing Mountain Top Removal (09/01) The environmentally destructive coal mining practice, for years a target of shareowner activists, faces new regulatory restrictions and limited financing from major banks. Intergovernmental Panel on Climate Change Receives Recommendations for Improved Reporting (08/31) The InterAcademy Council recommends that IPCC improve review processes and transparency in wake of attacks on climate science. Vedanta Denied Permission to Mine Sacred Mountain (08/30) India's Ministry of Environment and Forests denies permission to mining company for bauxite mine on Niyamgiri mountain in the Orissa region. SEC Adopts Rules for Proxy Access (08/27) Activist shareowners praise the rule that will allow them to nominate candidates for corporate boards of directors. 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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