tag:blogger.com,1999:blog-1209670742820403516.post6220385101978690133..comments2024-02-24T06:10:42.255-08:00Comments on Congo Siasa: Congressional staffer gives details about "conflict minerals" legislationJason Stearnshttp://www.blogger.com/profile/11454449854081540397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1209670742820403516.post-70019313106617715212011-01-05T06:13:16.797-08:002011-01-05T06:13:16.797-08:00Hi Jason,
Thank you for this helpful post. I'...Hi Jason, <br /><br />Thank you for this helpful post. I'm very interested in seeing the transcript from this event if one has been made available. <br /><br />Thanks again, <br />Abigail <br /><br />Abigail Long<br />along@humanityunited.orgAbigail Longnoreply@blogger.comtag:blogger.com,1999:blog-1209670742820403516.post-2572682540676301332010-11-21T12:07:28.194-08:002010-11-21T12:07:28.194-08:00Jason,
I think you actually put your finger on an...Jason,<br /><br />I think you actually put your finger on an issue - the piecemeal manner in which advocacy has been done around the Congo. The due diligence certainly is not just for the Kivus and the instability is a result of the lack of accountability and impunity that exists across the board and it would be a bizarre situation if Yale is calling on the tech companies to do due diligence on their supply chain without doing its own due diligence to make sure it is not vested in a company that has been a participant in fueling the very conflict that Yale is trying to address. Also, Anglo/Rangold just displaced 15,000 Congolese but that may be a separate issue too. <br /><br />The October UN Mapping Report clearly puts front and center the need for accountability. BTW, Banro is in the Kivus and is publicly traded. Yale may consider checking to see if they are vested in Banro. Nothing should stop them from checking their portfolio right? They do not have to divest but what statement would it send if Yale were to say by the way, we have done our own due diligence on our investments to find out if we are vested in any of the companies that have been identified by the UN has having played a role in fueling the conflict over the past 14 years. It would certainly serve as a model for how institutions of higher learning can be accountable.Champhttps://www.blogger.com/profile/04100201775573067765noreply@blogger.comtag:blogger.com,1999:blog-1209670742820403516.post-64208734072575612782010-11-18T19:06:41.962-08:002010-11-18T19:06:41.962-08:00Champ,
You point out a good issue regarding the ...Champ, <br /><br />You point out a good issue regarding the lack of follow-up on the 2000-2002 UN reports on the illegal exploitation of natural resources in the Congo. A bunch of companies were named, but next to nothing was ever done about this.<br /><br />However, to a certain extent these are different issues and we are trying to focus Yale Corp's attention on the mineral trade in the Kivus. AngloGold Ashanti, for all of its abuses in Ituri documented by HRW, is not linked conflict in the Kivus. We could have asked Yale to divest from companies such as Afrimex, which was also criticized in those UN reports - but they are not publicly listed, I think, and are very small fish. The logic of due diligence is to make the end users responsible - Apple, Intel, etc. - for their supply chains. The first step in this will not be divestment, but making sure these companies actually do carry out the required due diligence.Jason Stearnshttps://www.blogger.com/profile/11454449854081540397noreply@blogger.comtag:blogger.com,1999:blog-1209670742820403516.post-27372996658532028562010-11-16T11:38:04.692-08:002010-11-16T11:38:04.692-08:00Sphex,
Thank you for sharing this. Bill C-300 out...Sphex,<br /><br />Thank you for sharing this. Bill C-300 out of Canada is nothing like the American bill if you are referring to the one that speaks to conflict minerals. The American conflict mineral bill stays away from mining companies while the Canadian bill calls for accountability of its mining companies. However, the less spoken of extractive industries transparency amendment to the Dodd-Frank Financial Reform bill speaks to mining companies by requiring them to report any transaction over $100K with a foreign government in an attempt to add transparency to an otherwise shadowy enterprise. <br /><br />What has been strange regarding the American scene is the lack of focus on the mining companies by the American government and most American advocates. There is no daylight between the American government and her advocates when it comes to the destructive practices of American mining companies in the Congo. They are equally silent. It is for this reason I posed the question above to Jason regarding the Yale effort. It says nothing of the mining companies that have been systematically raping and pillaging the Congo over the past 14 years.Champhttps://www.blogger.com/profile/04100201775573067765noreply@blogger.comtag:blogger.com,1999:blog-1209670742820403516.post-91357768199683996792010-11-16T08:48:48.774-08:002010-11-16T08:48:48.774-08:00Canada may have had a bill proposition looking som...Canada may have had a bill proposition looking somewhat like the American one. It was defeated (140 vs 134) on October 28th.<br /><br />http://www2.parl.gc.ca/HousePublications/Publication.aspx?Docid=3658424&file=4Sphexhttps://www.blogger.com/profile/10399059298660425418noreply@blogger.comtag:blogger.com,1999:blog-1209670742820403516.post-16691132155423007292010-11-15T11:49:48.156-08:002010-11-15T11:49:48.156-08:00Hello Jason
Do you know if Yale is vested in Anglo...Hello Jason<br />Do you know if Yale is vested in AngloGold Ashanti, whose largest investor is American John Paulson of Paulson and Company? AngloGold is one of the companies identified by Human Rights Watch and UN Reports as having fueled the Congo through illegal exploitation of Congo's resources and supporting of rebels in Eastern Congo. Also, is Yale vested in any of the other 85 or so companies named in the UN Reports (2001 - 2003) and which the UN Mapping Report says that the Congolese people are entitled to reparations from? It would seem strange if Yale and other universities were to divest from electronics companies that may be sourcing minerals from the Congo and not doing anything regarding mining companies that have been identified as either illegally exploiting Congo's riches or been party to odious contracts.<br /><br />Please let us know! ThanksChamphttps://www.blogger.com/profile/04100201775573067765noreply@blogger.com