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November 20, 2017

Asbestos Disease Awareness Organization (ADAO) Identifies US Financial Institutions and Investment Funds who are …

WASHINGTON–(BUSINESS WIRE)–

The Asbestos
Disease Awareness Organization
(ADAO) today unveiled the facts
behind the continued importation of more than 1,000 tons of asbestos
from Brazil mining operations that are in part funded by U.S. investors
potentially unaware of its dangers. Some of the US financial
institutions and investment funds Eternit S.A. shareholders include:
Mellon Capital Management Corporation, The Vanguard Group, Inc., and
State Street Global Advisors. In addition, California, Louisiana, New
Jersey, and Texas have been identified as ports of entry for Brazilian
asbestos.

Asbestos is carcinogenic to humans in all forms according to the World
Health Organization
, and unsafe at any level of exposure according
to the U.S.
Environmental Protection Agency
. Despite these facts, and a second
Surgeon General warning of its hazards, asbestos continues to be
imported to the U.S., as documented by the U.S.
Geological Survey
(USGS). Since 2012, Brazil, the third largest
producer, has been reported as the sole source for this importation,
mined by operations funded in part by U.S. investors; all asbestos
imported and used was chrysotile, the deadliest form of this mineral.
According to the same USGS report, U.S. asbestos consumption is likely
to remain near the 1,000-ton level, as it has in the past 4 years.

Environmental asbestos exposure occurs in the U.S., during natural and
man-made disasters, such as Hurricane Sandy and the Joplin, Missouri
tornado or W.R. Grace in Libby, MT. Occupational exposure occurs in the
U.S. due to lack of knowledge, the long latency period of asbestos
disease, the inability to identify asbestos products currently in use,


and lack of enforcement. Millions of homes, schools, buildings are
contaminated with asbestos.

“I am appalled and disgusted that the United States still allows the
importation of asbestos to meet so-called manufacturing needs,” stated
Linda Reinstein, ADAO Co-Founder and President. “We’ve known for decades

that safer substitutes exist and yet we continue to face a man-made
public health crisis. More than 30 Americans die every day from
preventable, asbestos-caused diseases. It’s time we protect public
health over the profits of these companies. There is consensus among the
World Health Organization and EPA about the life threatening risks of
asbestos are undeniable and the Brazilian importation is well documented
by the USGS. We must act now to make it crystal clear that we will no
longer tolerate policy that allows asbestos to be imported ADAO urges
Congress to stop asbestos imports and ban asbestos in our country.”

The World Health Organization estimates that 107,000 workers around the
world die each year of an asbestos-related disease, equaling 300 deaths
per day.

About the Asbestos Disease Awareness Organization

The Asbestos Disease Awareness Organization (ADAO) was
founded by asbestos victims and their families in 2004. ADAO seeks to
give asbestos victims a united voice to help ensure that their rights
are fairly represented and protected, and raise public awareness about
the dangers of asbestos exposure and the often deadly asbestos-related
diseases. ADAO is funded through voluntary contributions and staffed by
volunteers. For more information, visit www.asbestosdiseaseawareness.org.

Contact:

Asbestos Disease Awareness Organization (ADAO)

Doug Larkin

Director of Communications

202-391-1546


doug@asbestosdiseaseawareness.org
www.asbestosdiseaseawareness.org

Excerpt from: 

Asbestos Disease Awareness Organization (ADAO) Identifies US Financial Institutions and Investment Funds who are …

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