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Faith-Based Investors Press Dozens of Top Companies to Say If U.S. Chamber of Commerce Speaks for Them in Opposing Health Care Reform
Date:11/10/2009

Targeted Companies All Previously Adopted Health Care Principles Now at Odds With Chamber Lobbying Efforts; ICCR Organizes Campaign Echoing Corporate Split With Chamber Over Climate Legislation.

NEW YORK, Nov. 10 /PRNewswire-USNewswire/ -- As the health care reform debate in Congress shifts to the U.S. Senate, leading faith-based institutional investors are pressuring 36 major companies -- including Merck, Wal-Mart, McDonald's, AT&T, IBM and General Electric -- to state publicly if the U.S. Chamber speaks for them in its aggressive campaign to kill efforts to overhaul the U.S. health care system. Significantly, all of the companies had previously agreed at the urging of shareholders to embrace health care principles that are now inconsistent with the anti-reform stance of the U.S. Chamber of Commerce on health care legislation.

The 275-member Interfaith Center on Corporate Responsibility (ICCR) reported today that 60 of its faith-based institutional investor members have contacted a total of 36 companies by letter or direct outreach asking the major publicly traded firms to clarify whether or not the Chamber speaks for them on health care reform and, if not, to make a public statement to that effect. The full text of the letter from the ICCR is available online at http://www.iccr.org.

The three dozen targeted companies are (in alphabetical order): Aetna; American Express; AT&T; Bristol-Myers Squibb; Cardinal Health; Cisco Systems; Duke Energy; DuPont; Eli Lilly; Exxon Mobil; General Electric; General Mills; Goldman Sachs; Home Depot; IBM; Kellogg; Kohl's; Manpower; Marriott; McDonald's; Medco; Merck; Peabody; Pepsi; Pfizer; Safeway; Staples; Starbucks; Target; 3 M; UnitedHealth Group; United Technologies; Verizon; Walmart; Wellpoint; and Xerox.

Laura Berry, executive director, Interfaith Center on Corporate Responsibility, said: "Faith-based in
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SOURCE Interfaith Center on Corporate Responsibility (ICCR), New York City and Washington, D.C.
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