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UUA’s Socially Responsible Investing Featured in Los Angeles Times

The Unitarian Universalist Association (UUA) is featured in a Los Angeles Times news story about oil companies’ support for Proposition 23, which would repeal California's landmark law limiting greenhouse gas emissions. The article, by Los Angeles Times journalists Tom Hamburger and Kim Geiger, is titled, “Investor groups balk at oil companies' support of Prop. 23,” and outlines public resistance to the oil companies involved. The UUA’s resolution filed at Valero Energy Corporation (Valero) requesting Board-level review and oversight of the company’s political expenditures is highlighted.

In the article, Valero refers to the UUA as a “shareholder activist group,” speaking to the UUA’s commitment to Socially Responsible Investing (SRI), with an emphasis on climate change inspired by the 2006 UUA General Assembly Statement of Conscience.

The Statement of Conscience reads, in part, “We as Unitarian Universalists are called to join with others to halt practices that fuel global warming/climate change, to instigate sustainable alternatives, and to mitigate the impending effects of global warming/climate change with just and ethical responses.”

The UUA’s SRI efforts are led by UUA Treasurer Tim Brennan. Before joining the UUA in 2006, Brennan served for nearly seven years as senior director of development and communications at Ceres, where he was involved with planning the first Investor Summit on Climate Risk, where he continues to contribute.

The UUA is a faith community of more than 1,000 self-governing congregations that bring to the world a vision of religious freedom, tolerance and social justice. For more information on the UUA, including recent press releases and news articles, please visit our online press room.

Update on October 15, 2010: The UUA's resolution filed at Valero has also been covered by the RiskMetrics Group blog, Reuters, and the San Francisco Chronicle.

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Last updated on Friday, October 15, 2010.

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