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

  Asbestos Disease Awareness Organization (ADAO) Identifies US Financial
  Institutions and Investment Funds who are Shareholders in Brazilian Asbestos
  Mining Operations

ADAO President Details Facts Documented by U.S. Geological Survey of More than
                  1,000 Tons of Asbestos Imports from Brazil

Business Wire

WASHINGTON -- April 4, 2013

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

TheAsbestos 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,
visitwww.asbestosdiseaseawareness.org.

Contact:

Asbestos Disease Awareness Organization (ADAO)
Doug Larkin
Director of Communications
202-391-1546
doug@asbestosdiseaseawareness.org
www.asbestosdiseaseawareness.org
 
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