Announcement

Collapse
No announcement yet.

AimCo Invested in Private Prisons

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • AimCo Invested in Private Prisons

    The same companies running the concentration caps.

    But hey, money is money, right? Locking children in cages considered a good money making opportunity.

    Ontario Teachers' Pension Plan had shares in company that runs controversial U.S. migrant detention centres
    Alberta Crown corporation owns about $4.8M in shares in for-profit prison companies

    The Alberta Investment Management Corporation (AIMCo), which manages many public sector pensions and other government funds, has shares in both GEO Group and CoreCivic worth a total of about $4.8 million, as of March 31, according to its filings.


    AIMCo declined to comment for this story, saying in an email it "does not discuss specific holdings within our portfolios."

    https://www.cbc.ca/news/canada/toron...pany-1.5206796

  • #2
    ^ and your point being ??? This has been going on for longer than Trump was in power ( I suspect this is the real point here), where was the faux outrage then. How many of us have investments that end up with holdings say in Red China ( people regularly locked up there, hell, even Canadians are locked up there now).
    We buy most of our stuff from Red China, fill out cars with oil from middle eastern countries which are run by crazies ).

    How does the saying go... Let he who is without.. cast the first stone...

    Comment


    • #3
      While I can appreciate the sentiment divorced from the book of bronze-age superstitions it's found in), appealing to hypocrisy is a logical fallacy.
      Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

      Comment


      • #4
        Originally posted by rupikhalon001 View Post
        ^ and your point being ??? This has been going on for longer than Trump was in power ( I suspect this is the real point here), where was the faux outrage then. How many of us have investments that end up with holdings say in Red China ( people regularly locked up there, hell, even Canadians are locked up there now).
        We buy most of our stuff from Red China, fill out cars with oil from middle eastern countries which are run by crazies ).

        How does the saying go... Let he who is without.. cast the first stone...
        OK, "everyone else is doing it, why can't we?"

        Should we sell technology to North Korea to help with their nuclear program? Turn a blind eye to countries that are bombing civilians? Not speak out for the rights of women?

        Or should we try to not finance or reward those behaviours?

        The point being that AimCo, i.e. the people of Alberta now have a direct financial investment in the camps. As long as they're locking up kids, we're making money. Heck, let's encourage the US to lock up even more of them.

        Maybe AimCo should also look at investing in weapons production in North Korea. After all, somebody is supplying them, why not us?

        Maybe we missed the boat and didn't invest in South Africa during apartheid. We could have even encouraged the federal government to send troops to put down the apartheid protests and protect our investments.

        To hell with morality, there's money to be made!

        Comment


        • #5
          ^ I'm guessing that you have burned/ returned all of the items you own that are/were made in China ? Where was the computer that you are typing on manufactured ? Please feel free to march to the Legislature demanding change.
          These 'cages' that the kids are locked up in, are probably the safest place for these kids (having been dragged through a desert with little food/ water). The company is operating legally in the US, just like any other company AIMCO invests in.

          This thread is not about the cages, it's about ethical investing.

          Regardless of what you think, capital flows around the world and you can be sure that you ( as well of us in Canada ) are making money through companies which we would never assumed we were.

          It's easy to spout about taking the moral high ground. Not so easy to do in practice. Have you questioned LAPP about where their investments are made ?
          Last edited by rupikhalon001; 11-07-2019, 03:13 PM.

          Comment


          • #6
            Originally posted by kkozoriz View Post
            The point being that AimCo, i.e. the people of Alberta now have a direct financial investment in the camps. As long as they're locking up kids, we're making money. Heck, let's encourage the US to lock up even more of them.
            I applaud your sharp moral compass and drive to ensure ethical decisions are made. At the same time, I encourage you to read the articles before posting them. Last para from your link:

            Despite opposing the resolution, GEO Group told CBC News in a statement that its facilities "have not and do not house unaccompanied minors including those who may have been separated from their parents or legal guardians, nor will they in the future."

            Comment


            • #7
              The ethical investing slippery slope.

              Invest in utilities? Oh but coal, nuclear, hydro issues, mercury, CO2...

              Invest in agriculture? Ecosystem destruction, GMO, killing animals, use of herbicides or pesticides

              Invest in pharma, health care, hospitals? Making profits off sick people

              Invest in insurance companies? Profiting by denying people their insurance claims

              Invest in tech? Child labour, support for dictatorships, environmental destruction

              Invest in real estate? Supporting sprawl, profiting off poor, environmental destruction...

              Comment


              • #8
                Originally posted by Snail View Post
                Originally posted by kkozoriz View Post
                The point being that AimCo, i.e. the people of Alberta now have a direct financial investment in the camps. As long as they're locking up kids, we're making money. Heck, let's encourage the US to lock up even more of them.
                I applaud your sharp moral compass and drive to ensure ethical decisions are made. At the same time, I encourage you to read the articles before posting them. Last para from your link:

                Despite opposing the resolution, GEO Group told CBC News in a statement that its facilities "have not and do not house unaccompanied minors including those who may have been separated from their parents or legal guardians, nor will they in the future."


                As for the other AIMCo holding mentioned, CoreCivic:

                Nashville-based prison operator CoreCivic: Facilities don't house separated immigrant children

                “Nashville-based CoreCivic, the nation's largest owner and operator of private prisons — including eight immigration detention centers — on Wednesday issued a statement saying none of the company's facilities house children who are not under the supervision of a parent. “

                https://www.tennessean.com/story/new...ity/717900002/


                Apology due.
                Last edited by KC; 11-07-2019, 08:13 PM.

                Comment


                • #9
                  Alot of these headlines are designed to grab attention and get people clicking into websites. I've seen this a number of times on this site, people just post links to stories, sit back and watch the fights.

                  We have to realize that our standard of living here, the cheap things we buy, our gas, electricity all had/ have effects. Either through child labour. somebody else having a crappier life and standard of living than we have, and we of course are harming the environment.

                  Am I happy that our lifestyle was and is made possible by conquests, dictators and the like. Of course not, but that is the way it is. Sometimes when I buy goods I at least look for things made in North America where our standards and laws are higher. But for 99.9% of things it's simply not possible. My daughter and I have often gone for walks in the neighbourhood and we'll pick up some garbage if we can.

                  All we can do is individuals is make small changes, being screamed at with verbal tirades is not going to achieve anything, in fact it makes me go the opposite way.. Small steps people, small steps.

                  Comment


                  • #10
                    We never abolished slavery or child labor, we just outsourced it overseas...

                    My wife does not appreciate it when I mention that the fine stitching she sees on a new dress she is thinking of buying, is probably the handiwork of some 9 year old girl who is shackled to a sewing machine...

                    It really is a double edged sword and there are no easy solutions.
                    Advocating a better Edmonton through effective, efficient and economical transit.

                    Comment


                    • #11
                      ^yes. We do not live in a fair world unfortuantely. There is only so much one individual can do. We are very lucky here in North America - and Europe

                      Comment


                      • #12
                        So AIMCo’s investments don’t operate the concentration camps, just profiteer off of the loophole in the 13th amendment via the inherently corrupt private prison industry & that’s just fine?

                        So your moral line is somewhere between concentration camps & thinly veiled slavery?

                        I would prefer Canadian Crown corps not utilize human misery as a revenue stream at all, but maybe I’m just a big ol’ softhearted liberal.
                        Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

                        Comment


                        • #13
                          My wife wanted to buy an electric car until she found out that they use child labour to mine and process the cobalt.


                          source

                          2/3rds of the cobalt comes from Democratic Republic of Congo.

                          Then I asked her if she was willing to give up her cell phone and laptop?

                          We are all tainted by such issues. You can't get your organic bananas without them being shipped on a Saudi bunker C guzzling, refrigerated ship and then by tar sands derived diesel trucks.

                          I see the hypocrisy of my actions so I don't throw stones at David Suzuki when he charters a helicopter to fly over the tar sands.

                          We are all guilty.
                          Advocating a better Edmonton through effective, efficient and economical transit.

                          Comment


                          • #14
                            That's a really lovely attempt at justifying your selfish apathy.

                            We got it, you don't care enough to try and affect any change at all & are content with the status quo because you're not personally affected. Who cares about American prisoners, right?
                            Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

                            Comment


                            • #15
                              Originally posted by Edmonton PRT View Post
                              My wife wanted to buy an electric car until she found out that they use child labour to mine and process the cobalt.


                              source

                              2/3rds of the cobalt comes from Democratic Republic of Congo.

                              Then I asked her if she was willing to give up her cell phone and laptop?

                              We are all tainted by such issues. You can't get your organic bananas without them being shipped on a Saudi bunker C guzzling, refrigerated ship and then by tar sands derived diesel trucks.

                              I see the hypocrisy of my actions so I don't throw stones at David Suzuki when he charters a helicopter to fly over the tar sands.

                              We are all guilty.
                              Holy man!!! You must be the center of attention at parties....

                              Comment

                              Working...
                              X