The Free Enterprise Action Fund was a mutual fund operated by Steven Milloy and Tom Borelli, with the goal of counterbalancing the activities of self-described ethical investment funds. Whereas "ethical investment" funds avoid investments in firms that are accused of damaging the environment or of other negatively regarded behaviours, the Free Enterprise Action Fund sought out such investments, based on Milloy's claim that such criticisms are typically based on political bias or junk science. The fund ceased operations in 2009 and was merged into the Congressional Effect Fund.
Read more about Free Enterprise Action Fund: Controversy, Activism Through The Fund, Financial Results
Famous quotes containing the words free, enterprise, action and/or fund:
“It is only when we speak what is right that we stand a chance at night of being blown to bits in our homes. Can we call this a free country, when I am afraid to go to sleep in my own home in Mississippi?... I might not live two hours after I get back home, but I want to be a part of setting the Negro free in Mississippi.”
—Fannie Lou Hamer (1917–1977)
“What recommends commerce to me is its enterprise and bravery.”
—Henry David Thoreau (1817–1862)
“When the course of events shall have removed you to distant scenes of action where laurels not nurtured with the blood of my country may be gathered, I shall urge sincere prayers for your obtaining every honor and preferment which may gladden the heart of a soldier.”
—Thomas Jefferson (1743–1826)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)