Rio Tinto Announces it is Withdrawing from Pebble Mine Project in Alaska
Statement from Trillium Asset Management, LLC and Calvert Investments on Rio Tinto’s withdrawal from the Pebble Mine Project April 9, 2014: Rio Tinto plc (LON: RIO) has announced that it is withdrawing from the proposed Pebble Mine Project in Bristol Bay Alaska. This action, which casts a cloud of deep uncertainty over the project’s future, follows years of widespread opposition to the proposed open pit mine from Native Alaskans, sport and commercial fishing groups, environmental organizations, and retail grocers, along with other businesses and investors. In March, Trillium Asset Management (Trillium) and Calvert Investment Management, Inc. (Calvert) specifically requested that …
Trillium Statement on the U.S. EPA’s Assessment of Potential Mining Impacts on Salmon Ecosystems of Bristol Bay, Alaska
January 16, 2014 – The following statements may be attributed to Jonas Kron, Trillium Asset Management’s Director of Shareholder Advocacy: Yesterday, the U.S. Environmental Protection Agency (EPA) released its final assessment of Potential Mining Impacts on Salmon Ecosystems of Bristol Bay, Alaska which states that large scale mining such as the proposed Pebble Mine has “potential for significant effects on Alaska Native cultures” and “the significant loss of Chinook salmon populations” which “would have severe consequences…” Trillium commends the EPA for producing a rigorous, science-based assessment and believes now is the time for the EPA to initiate a Clean Water Act 404(c) …
Trillium / Calvert Statement on Anglo American's Withdrawal from Pebble Mine Project
September 18, 2013 // BOSTON, MA: Anglo American plc (LON: AAL) has announced that it is withdrawing from the proposed Pebble Mine Project in Bristol Bay, Alaska. This action, which casts a cloud of deep uncertainty over the project’s future, follows years of widespread opposition to the proposed open pit mine from Native Alaskans, sport and commercial fishing groups, environmental organizations, and retail grocers, along with other businesses and investors. Anglo American’s withdrawal is a defining moment in this long running controversy which highlights the unique natural resource that is Bristol Bay. It is the home of the largest wild …
Trillium and Calvert Lead Investors in Voicing Deep Concerns Regarding Pebble Mine
Trillium Asset Management and Calvert Investments Lead Investors in Voicing Deep Concerns Regarding Pebble Mine Boston, MA // June 24, 2013: Sustainable and responsible investment firms Trillium Asset Management, LLC and Calvert Investments, Inc. are leading a group of 27 investors representing over $35 billion in assets, calling on the Environmental Protection Agency to initiate a Clean Water Act 404(c) review for the proposed Pebble Mine project at the headwaters of Alaska’s Bristol Bay. Under 404(c), the EPA may prohibit or restrict the disposal of mine waste if it determines that it will have an “unacceptable adverse effect” on fishery …
Trillium's Environmental Advocacy is Noted in Condé Nast Traveler's Profile of Bristol Bay, Alaska
In Condé Nast Traveler’s in-depth article entitled The War over Alaska’s Soul, Alex Prud’homme writes, “Virtually untouched, Alaska’s Bristol Bay is one of America’s last great wild places. Now, a proposed gargantuan multibillion-dollar mine promises to provide an economic lifeline for locals, but environmentalists warn that it could destroy one of the world’s richest salmon fisheries and imperil the very future of our planet.” “In 2011, a group of influential investors led by Trillium Asset Management—whose members represent $170 billion in assets and own 13 million shares of Anglo American stock—grew alarmed by Pebble and urged the EPA to assess …
Largest Open Pit Mine in North America Cause for Investor Concerns– Investors Representing $170 Billion Urge EPA to Safeguard Alaska’s Bristol Bay
Trillium and Calvert-Led Investor Coalition Asks EPA for Clean Water Act (CWA) Review for Pebble Copper and Gold Mine, Sited for the Headwaters of the Bristol Bay Fishery Reserve. BOSTON///April 12, 2011///Nearly 30 investor organizations representing over $170 billion in assets are urging the U.S. Environmental Protection Agency (EPA) to initiate a review process under the Clean Water Act to evaluate the mine waste impacts of the proposed Pebble Mine on Alaska’s Bristol Bay watershed, which produces roughly half of the world’s commercial supply of wild sockeye salmon. Led by Trillium Asset Management Corp. (Trillium) and Calvert Investments (Calvert), the …
Pebble Poses a Mountain-Sized Risk for Alaska Fishery
In October, as the first snow of autumn begins to fall near Alaska’s Bristol Bay, I found myself visiting with a group of locals. Among them was Robin Samuelsen, a Yupik Eskimo and board member of the Bristol Bay Economic Development Corporation. The conversation began light and jovial as he fondly recalled fishing adventures with his father and grandchild. Then his voice grew anxious: “I’ve never seen the people of Bristol Bay so scared. If there ever is a mining accident our people are finished. Our way of life will be gone.” At issue is the controversial Pebble Mine Project, …
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