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Business for Democracy and ASBC Lead Effort to Overturn Citizens United v. FEC

The Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

If you'd like your business to join this effort, you can sign the statement of support here or here.

Green Funds That Merit The Name

January 06, 2012
Green Funds That Merit The Name
By Ellie Winninghoff

What do the California Institute of Technology and Weber State University have in common? Both universities are using a portion of their endowment to invest in capital-intensive energy efficiency efforts on campus.

These schools are among 50 other colleges and universities that have created green revolving funds (GRFs) as a mechanism for financing investments in energy efficiency and thereby reduce carbon emissions and cut energy costs. Savings achieved in utility bills are reinvested to support additional green projects.

According to “Greening the Bottom Line,” a study by the Sustainable Endowment Institute (SEI,) a nonprofit based in Cambridge, Mass., annual returns to date for GRFs have ranged from 29% at Iowa State University to more than 47% at Western Michigan University. The median annual return is 32%.

“This is a real and very significant opportunity to transform energy efficiency upgrades from perceived expenses to high return investment opportunities,” says Mark Orlowski, SEI’s executive director.

The nonprofit launched a “billion dollar challenge” in October encouraging educational institutions and nonprofits to invest a total of $1 billion in similar revolving funds.

SEI’s study found that GRFs are growing fast, with nearly three-quarters of the funds created since 2008. GRFs range in size from $5,000 at the College of Wooster in Ohio to more than $25 million at Stanford University.

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