Global Warming Shareholder Campaign Profiled in the Times Sunday Magazine:
ICCR Responds

NEW YORK, NY///August 14, 2007///Sr. Pat Daly and the members of the Global Warming Shareholder Campaign were featured in the August 12th edition of the New York Times Sunday Magazine in the article "Resolved: Public Corporations Shall Take Us Seriously." ICCR's Executive Director, Laura Berry, today issued the following comment in response:

To the Editors of the NYT Sunday Magazine:

While appreciating the accurate representation of the amazing and successful efforts Sr. Patricia Daly and the Global Warming Shareholder Coalition’s work as active shareholders of ExxonMobil, I must issue a very time-sensitive warning to all concerned shareholders and citizens. Since late July of this year, regulators at the SEC have begun a process that could seriously curtail or eliminate entirely a shareholder’s right to avail themselves of the democratic processes the article describes. Rule 14a8, which permits shareholders to file advisory resolutions is at risk and the public must respond to protect shareholder’s rights. As the Executive Director of the Interfaith Center on Corporate Responsibility, the coalition of nearly 300 institutional investors who work to bring the moral voice of their faith traditions to corporations on issues of sustainability and justice, we are deeply concerned about the proposed rule changes and encourage all concerned citizens learn more from our website www.iccr.org.

Laura Berry
Executive Director
ICCR

<< Back to Press Releases