The Corporation's subcommittee on shareholder responsibility yesterday referred the question of Harvard's position on a controversial Arkansas River power plant to the student-faculty-alumni Advisory Committee on Shareholder Responsibility (ACSR).
In a letter to the officers of the Protect Our Land Association, an Arkansas citizen's group opposed to the proposed coal-fuel power plant which it say will pollute the air and hurt farmers' crops, Hugh Calkins '45, the subcommittee's chairman, said the subcommittee will carefully consider any ACSR recommendation.
Arkansas Power and Light, a wholly owned subsidary of Middle South Utilities, plans to build the plant. Harvard is the largest single shareholder in Middle South Utilities, with about $10 million worth of stock.
In his letter, Calkins said the subcommittee would like the ACSR--which will meet today--to consider not only the merits of the Protect Our Land Association's position, but also whether shareholders should take positions on the ecological impact of companies they own stock in at all, "in view of the existence of public service commissions and other state and federal bodies charged with environmental protection."
Read more in News
Little Change Seen For Date Rape RulesRecommended Articles
-
Farmers Square Off With a UtilityA collective of angry Arkansas farmers and a citizens' organizing group this week began an attempt to draw the University
-
ACSR Winds Up DebutThe Advisory Committe on Shareholder Responsibility wound up its inaugural season this week with a call for abstention on the
-
Harvard Votes for DisclosureHarvard cast its first proxy ballot of the year against management yesterday, supporting a shareholder resolution to force the Caterpillar
-
Bok's New Plan For Voting Stock Enters 2nd YearH ARVARD'S BRIGHT new system for voting its stock on controversial shareholder resolutions enters its second year this Fall, with
-
ACORN, Power and LightHarvard went through an intricate three-way shuffle last week in its slow progress toward taking a stand on a controversial
-
Answer to ACORN?The Advisory Committee on Shareholder Responsibility will meet Tuesday, primarily to discuss its position on a controversial Arkansas power plant.
