Press Release: Ferenbach to Become New Chair of Environmental Defense Fund
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| Press Release: Ferenbach to Become New Chair of Environmental Defense Fund
FOR IMMEDIATE RELEASE
Contact:
(New York, NY – June 25, 2008) Carl Ferenbach, managing director and co-founder of Berkshire Partners LLC, a Boston-based private equity firm, has been named Chairman-elect of the Board of Environmental Defense Fund (EDF). Mr. Ferenbach will take office in May, 2009. Ferenbach, an EDF board member since 2000, will succeed Nick Nicholas, former CEO of Time Warner, who has served as board chair since 2002.
Mr. Ferenbach co-founded Berkshire Partners in the early 1980s. Berkshire Partners presently manages approximately $6.5 billion in private equity capital contributed by institutions and individuals around the world. Previously, Ferenbach was a Managing Director of Merrill Lynch, where he headed its Mergers and Acquisitions Department.
In addition to his business commitments, Mr. Ferenbach is the founder of the High Meadows Foundation and the High Meadows Fund. Established in 2004, both foundations address environmental sustainability and seek to support organizations and programs that are committed to a better environment. Mr. Ferenbach is a trustee of Princeton University and serves on the Board of Dean’s Advisors at Harvard Business School.
“EDF’s pragmatic approach to policy, supported by solid science and an in-depth understanding of economics, has made it a highly effective advocate for environmental progress,” said Ferenbach. “I welcome the opportunity to support EDF and its President Fred Krupp in achieving great things in the next few years.”
According to EDF President Fred Krupp, “Carl combines the business acumen and passionate commitment to the environment that we need to advance as an organization. He’s made a tremendous contribution to EDF during a period of very exciting growth, and I’m completely confident that the organization will be in good and capable hands as we pass the reins.”
Krupp also saluted current board chair Nick Nicholas, saying, “Under Nick we have grown from 250 employees to 360, and our budget has grown from $44 million to $100 million. We were recently called ‘America’s most economically literate green campaigners’ by The Economist magazine, a tribute to Nick’s management of EDF. He has a tremendous record of accomplishment, and we’re all grateful for the vision he has provided.”
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| Press Release: Senate Passage of Bill to Join International Treaty to Cut Toxic Ship Pollution Praised by Leading Environmental Group
FOR IMMEDIATE RELEASE
Contact:
Janea Scott – (213) 223-2186 or jscott@edf.org
Sean Crowley – (202) 550-6524-c or scrowley@edf.org
(Washington, D.C. – June 27, 2008) The U.S. Senate last night passed, by unanimous consent, legislation that will allow the U.S. to join an international treaty that could dramatically cut ocean ship pollution that causes tens of thousands of global deaths annually. “The Marine Pollution Prevention Act of 2008” (H.R. 802), was passed overwhelmingly by the U.S. House of Representatives last year.
“This action could be a sea change that ultimately helps steer us to cleaner, healthier air for the millions of Americans harmed by toxic air pollution from U.S. and foreign-flagged ships,” said Janea Scott, a senior attorney for Environmental Defense Fund based in Los Angeles. “This action will help our country secure protective international standards for large ocean-going ships. We urge our government to immediately complete the critical process of ratifying the MARPOL treaty.”
Annex VI of the International Convention for the Prevention of Pollution from Ships, commonly known as “MARPOL,” is an international treaty that governs air pollution from large ocean-going ships.
Large ocean-going ships are a major source of soot, sulfur dioxide and smog-forming pollution that are associated with premature deaths, hospital visits, and asthma attacks that exact a heavy toll on human health for millions of Americans. About ninety percent of the ships that dock at U.S. ports are foreign-flagged international vessels.
Shipping-related soot emissions contribute to approximately 60,000 global deaths annually, with impacts concentrated in coastal regions on major trade routes.
The U.S. government has proposed protective measures for international adoption as part of the MARPOL treaty that would achieve vital progress in reducing the high emissions from these ships. This clean air blueprint will be considered at a key meeting of the International Maritime Organization in October. |
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