from January 12 news at
http://www.americancatholic.org/features/DailyNews/todays.aspWASHINGTON (CNS) -- After a decade of pressure from faith-based investment coalitions, the General Electric Co. disclosed to the Securities and Exchange Commission that it spent nearly $800 million to delay the cleanup of toxic PCB discharges in New York, Massachusetts and Georgia. "The reality is that $800 million would have gone a long, long way to cleaning up the problem if so much of that money had not been wasted on public relations, lobbying and courtroom delaying tactics," said Dominican Sister Patricia Daly, executive director of the Tri-State Coalition For Responsible Investment. The coalition is a consortium of about 40 Catholic institutional investors in Connecticut, New Jersey and New York. In a statement filed with the SEC, GE said it spent the money on "site investigation and remediation," "scientific research," legal fees and informational initiatives, among other things.
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Faith-based groups can work for the public good, as evidenced here.
GE has done a tremendous amount of harm and refused to accept responsibility. Here in Georgia, GE dumped PCBs that polluted groundwater, land, a major river and lakes and other rivers that it feeds, making the fish in them unsafe to eat. Two elementary schools are on land contaminated by PCBs. A huge Lowe's Hardware store was closed and razed because of the high levels of PCBs in the ground it was built on; several other businesses were razed as well. And that's just what I know off the top of my head.
GE used to use the slogan "GE. . . We bring good things to life." :eyes: