?

Log in

No account? Create an account

Previous Entry | Next Entry

Secretary of the Interior

weather: sunny/cloudy/rainy
outside: 6°C
mood: stupid
I heard this earlier in the week, but I feel so badly for the US Secretary of the Interior because of Jessica Simpson's moron comment: quote "You've done a nice job decorating the White House."

I feel like asking Gale Norton a better question just to make up for it, but then I realized that I'm an idiot on environment issues too. So, I'm thinking that my mouth needs to stay way shut as well.

The thing is, I am faced with having to choose stock for my retirement portfolio. The advice I'm getting is to have some natural resources in the mix, which makes sense. But I'm afraid of supporting a company that is environmentally unfriendly. I don't know the right questions to ask to make sure these guys are not messing up salmon spawning grounds or the migration paths of cariboo and other big smelly animals.

Right now, I'm just e-mailing the Investor Relations address at the company's website asking about it but obviously they're just going to tell me good things. Well, yes, of course they have to adhere to the by-laws and policies that the government environment agency has for that region. I also know they are partnered with an engineering firm that specializes in environmental issues consulting for natural resource companies.

But is that enough? Do I feel better about it? Bleh, I dunno...


Comments

( 4 comments — Leave a comment )
shashin
Mar. 19th, 2004 02:57 pm (UTC)
Vancity has something like EthicalFunds. Perhaps your company will as well? Maybe not though... :( BMO didn't when I last asked (which was around 4-5 years ago so most of my investments seem to be in bonds. Ho hum)
bride
Mar. 19th, 2004 03:00 pm (UTC)
Oh yeah, thanks for reminding me. I vaguely remember reading something about that a while back. I should ask about that again.
nightshift
Mar. 20th, 2004 05:07 pm (UTC)
I would be very cautious with making a foray into a resource name right now. Resources have had a considerable run up in 2003. I'm something of a contrarian investor myself and am very reluctant to touch resources right now.

A colleague of mine has written up an excellent commentary on the Canadian natural resource sector. You might wanna give it a look. Granted, ethical behaviour is not a filter that we run through but quality management, solid business fundamentals and names that trade at a discount to their intrinsic value are definitely among them.
E-mail me if you wanna talk about this further.
bride
Mar. 20th, 2004 07:02 pm (UTC)
Good to know, thanks =) And MSN/Trillian seems to finally have clued in that I added you ten thousand years ago =P so I'll catch you there =)
( 4 comments — Leave a comment )

Profile

eLouai
bride
The Bride of the First House

Latest Month

March 2015
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
293031