18 Nov '11, 5pm

Verizon, AT&T Under Pressure Over Conflict Minerals

Verizon, AT&T Under Pressure Over Conflict Minerals

Even before the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated that the Securities and Exchange Commission (SEC) require companies to disclose whether they use conflict minerals originating in the Democratic Republic of the Congo (DRC) or an adjoining country, investors had sought to raise awareness of the human rights violations associated with the issue. As the SEC developed draft rules that were first published nearly two years ago, a coalition of investors submitted a letter detailing what it thought necessary for protecting investors while addressing the ongoing humanitarian crisis in the DRC. The conflict "is fueled by various militias who reap their profits by controlling the country's vast natural resources. According to the United Nations, over 50 percent of the mines in Eastern Congo are controlled by warring armed groups," the investors state...

Full article: http://www.greenbiz.com/blog/2011/11/18/verizon-att-under...

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