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Res 99-090RESOLUTION NO. 99- 090 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA URGING MITSUBISHI CORPORATION TO WITHDRAW PLANS FOR A SALT WORKS PLANT AT LAGUNA SAN IGNACIO AND DIRECTING A REVIEW OF THE CITY'S INVESTMENT PORTFOLIO TO DETERMINE FINANCIAL INVESTMENT WITH MITSUBISHI CORPORATION IN ORDER TO ASSESS CONSIDERATION OF DIVESTITURE WHEREAS, Mitsubishi Corporation, through an entity known as Exportadora de Sal, S.A. (ESSA), plans to build the world's largest salt factory in Mexico's Laguna San Ignacio (LSI); and WHEREAS, Laguna San Ignacio is the last pristine breeding and calving area in the entire world for California Gray Whales and that its surroundings are also home to the endangered prong-horned antelope, burrowing owls, sea lions, black sea turtles, and countless other wildlife; and WHEREAS, Laguna San Ignacio was designated a whale sanctuary by Mexico in 1976, included within the El Vizcaino Biosphere Reserve in 1988, and listed by UNESCO as a World Heritage Site in 1993; and WHEREAS, toxic contamination, noise, ship traffic, altered drainage patterns, and other degradations at this huge industrial facility may force mother whales and their calves from their age-old breeding lagoon; and WHEREAS, in three years, two major spills of toxic brine from a Mitsubishi salt works plant in nearby Guerrero Negro have killed more than 94 endangered sea turtles; and WHEREAS, a Mexican government audit conducted in 1995-96 revealed 298 environmental deficiencies at the existing Guerrero Negro salt works plant, most of which remain uncorrected; and WHEREAS, the permanent flooding of 116 square miles of an area designated as a World Heritage Site and Biosphere Reserve is both illegal according to Mexican law and a mockery of international environmental protections; and WHEREAS, 34 of the world's most distinguished scientists, including nine Nobel Laureates, have warned of an "unacceptable risk" to significant biological resources in and around Laguna San Ignacio; and WHEREAS, over 750,000 people around the world have sent cards and letters to the President of Mitsubishi urging him to abandon the proposed salt works plant; and Resolution No. 99-090 Page 2 WHEREAS, a Mexican-led international coalition of over 50 concerned environmental organizations including Grupo de los Cien, Union de Grupos Ambientalistas, Centro Mexicano de Derecho Ambiental, and Consejo Para la Defensa de la Costa del Pacifico together with the International Fund for Animal Welfare and the Natural Resources Defense Council have formed the Coalition to Save Laguna San Ignacio. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway that the City of Poway will join the Campaign to Save Laguna San Ignacio in requesting that the Mitsubishi Corporation immediately and permanently withdraw its plans to construct a salt works plant at Laguna San Ignacio. BE IT FURTHER RESOLVED that the City Council of the City of Poway direct that there be no purchase of any financial instrument that includes Mitsubishi Corporation (Motors, Electric, Estate Company, Mitsubishi Group, Heavy Industries, International, Materials, Paper Mill, Ltd., Steel Manufacturing Company, etc.), Nipon Mitsubishi Oil Corporation, Bank of Tokyo Mitsubishi, Mitsubishi Trust and Banking Corporation, Kirin Beer, Nikon Corporation, NYK, MC Information Systems and Services, Union Bank of California, Tokio Marine and Fire Insurance, and Meiji Life Insurance; and that no mutual fund or other fund containing said stock shall be purchased until Mitsubishi abandons its plans to build the salt works plant; and that City of Poway staff is directed to analyze whether there are any current holdings in Mitsubishi Corporation and its subsidiaries including mutual funds or other funds containing said stock and to report those findings to the City Council including the impact of divestiture. APPROVED and ADOPTED by the City Council of the City of Poway, State of California, this 9th day of November 1999. ATTEST: L~ri ~,nne Peoples, City C~erk - Resolution No. 99- 090 Page 3 STATE OF CALIFORNIA ) ) SS. COUNTY OF SAN DIEGO ) I, Lori Anne Peoples, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 99- 090 was duly adopted by the City Council at a meeting of said City Council held on the 9th day of November 1999 and that it was so adopted by the following vote: AYES: EMERY, GOLDBY, HIGGINSON, REXFORD, CAFAGNA NOES: NONE ABSTAIN: NONE ABSENT: NONE