Home
/
RELIGION & LIBERTY ONLINE
/
As You Sow Chases ‘Dark Money’
As You Sow Chases ‘Dark Money’
Oct 7, 2024 1:22 AM

Your writer has been telling readers for some time now that so-called “religious” shareholder activism is more political than spiritual. I’ve also pointed out time and again that the priests, nuns, clergy, and religious affiliated with such shareholder groups as As You Sow are opposed to corporate donations to political activities only when it suits them.

This last point was clarified recently by events in Arizona. First Affirmative Investments and Calvert Investments joined AYS in an attempt to force Arizona Public Service Company and its pany, Pinnacle West Capital Corp., to disclose whether either had donated money to the Free Enterprise Club, a 501c(4) nonprofit. It seems FEC provided funding to candidates campaigning for seats on the Arizona Regulatory Commission, and the source of the “dark money” disbursed by FEC to the candidates may or may not e from APSC and Pinnacle. The kerfuffle stems from suspicions voiced by a Washington, D.C. outfit, the Checks and Balances Project, that an Arizona Corporation Commission official breached ethics or broke the law municating with APS and FEC.

Confused? Don’t be. The Arizona Attorney General is sussing out whether the official actually broke the law. The remainder of the story boils down to the left’s distaste for private political donations, which have been protected since the U.S. Supreme Court struck down Citizens United.

According to the Arizona Republic:

APS is widely believed to have given money to the Free Enterprise Club, though the utility has repeatedly declined ment on its political activities.

About one-third of the stockholders of Pinnacle West Capital Corp., APS’ pany, disapprove of that secrecy, according to a recent shareholder initiative.

The nonprofit group As You Sow, which encourages corporate responsibility, launched the initiative that would require Pinnacle West to report fully its political spending and activities. Supporters said they hoped to draw interest to the matter of APS donating to the politicians who set the pany’s prices.

The initiative failed, but 30.8 percent of stockholders, representing about $1.4 billion in Pinnacle West shares, approved of the initiative, according to As You Sow.

“That’s a great result,” As You Sow’s energy program manager, Amelia Timbers, said Friday. “I hope that Pinnacle West gets the message that shareholders are not supportive of their political activities.”

As You Sow ran the initiative on behalf of socially responsible investment firms First Affirmative Investments and Calvert Investments.

“Every dollar Pinnacle West spends on lobbying to slow climate change mitigation is a dollar our shareholders lose,” said Gabriel Thoumi, Calvert‘s senior sustainability analyst. “Pinnacle West reported spending $9 million on lobbying between 2013-2014, which is about 8 cents a share. Our shareholders want that money in their pockets, not in the pockets of lobbyists.”

Readers will note Ms. Timbers and Mr. Thoumi don’t seem terribly interested in anything other than shutting down a political point of view with which they both disagree, never mind the abject foolishness of Thoumi’s assertion that Pinnacle West’s spending on lobbying isn’t in the best interest of the majority of its shareholders, rather than the one-third who lose sleep over Citizens United. Repeat after me: This is about politics. This is not about religious faith.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Entrepreneurial Advice from Auntie Anne
When walking through an airport or shopping mall the aroma hits me before I even see the store. If happiness had a scent I suspect it would smell like Auntie Anne’s soft pretzels. From the first whiff my knees go weak and my brain tells me that I will never know joy again if I pass up this salted, buttery, baked goodness. They are so good that I fully expect St. Peter hands them out at the Pearly Gates. While...
Pelosi and the ‘Bible Folks’
According to Breitbart, House Minority Leader Nancy Pelosi on Thursday was caught making claims about “Bible Folks” that weren’t exactly accurate: Pelosi told the assembled media: ‘The fact is that many Republicans in our country prehensive immigration reform.The badges, law munity; the munity; the Bible folks — many of them are Republican, they have been very enthusiastic over time and [are] getting impatient about Congress taking action.” Mark Tooley, an evangelical Christian and President of the Institute on Religion and...
Don’t Park Your Porsche in the Vatican Parking Lot
If you’re a Cardinal working at the Vatican, you may want to leave your Porsche at home – the boss is checking the parking lot and isn’t keen on seeing luxury cars. Inspection – The Pope declared war on the Vatican’s luxury cars. First, he attacked wastefulness, underscoring that “it bothers me when I see a priest or a sister with a brand new car”. Then, a few days later, he put into practice what he had stated during a...
5 Questions on Liberty with Mississippi State Senator Chris McDaniel
Senator Chris McDaniel represents Mississppi’s 42nd District (Jones County) in the state legislature. McDaniel has a bachelors degree from William Carey College in Hattiesburg and in 1997 received his Juris Doctor (J.D.) from the Ole Miss School of Law. You can find a full biography at his website. I’ve been following mentaries, which are an impressive defense of the free society rooted in virtue and a moral framework. He’s a serious thinker and I’ve highlighted his work on the PowerBlog...
Witness To Hope: Cardinal Văn Thuận
Last week was a busy news week for the Vatican: the release of Pope Francis’ first encyclical, Lumen Fidei, and the announcement that two former popes, John XXIII and John Paul II, will be canonized. Almost overshadowed is the story of another remarkable leader, Cardinal Văn Thuận and the cause for his beatification. (Beatification is the first step in declaring a person a saint, and allows for public veneration.) Cardinal Văn Thuận spent 13 years in prison as a political...
Peace and Prosperity at McDonald’s
The other day I had to bring my wife to the airport for an early-bird flight. Thus, I chose to work for a few hours at a nearby McDonald’s before going into the office. Now, I know that what I’m about to say is out of fashion these days, particularly if “fast food” has anything to do with it, but permit me to share one small sliver of what a glorious thing business can be. There I was, at 5:00...
The Boston Beer Company’s Hypocrisy
As a brief follow-up to the story about the Samuel Adams pany’s decision to redact “by their Creator” from a reference to the Declaration of Independence in a recent ad campaign, it’s worth examining again pany’s justification for that decision. According to a spokeswoman, “We adhere to an advertising code, established by the Beer Institute.” The code in question includes the provision, “Beer advertising and marketing materials should not employ religion or religious themes.” As ments have noted, the reference...
Conflicted Morality In Ender’s Game
Is the morality of an act solely based on the intentions of the person acting? Moviegoers may get some insight into this question when Ender’s Game is released in theaters Nov. 1. Orson Scott Card’s classic Ender’s Game book series began in 1985 with its most well known first installment, winning the Nebula and Hugo Awards for best science fiction novel. The book tells the story of an alien invasion, where the world’s population prepares for an imminent second attack...
William J. Abraham: The Treasures and Trials of Eastern Orthodoxy
Last night I attended an engaging lecture at Calvin College by Dr. William Abraham of the Southern Methodist University Perkins School of Theology. Abraham, whose religious background is Irish Methodist and who is now a minister in the United Methodist Church and the Albert Cook Outler Professor of Wesley Studies at Perkins, gave a presentation titled, “The Treasures and Trials of Eastern Orthodoxy.” As someone who was once an outsider to the Orthodox Church and is now an insider (as...
Religious Tolerance, Cooperation And School Choice
President Barack Obama, during a recent trip to Northern Ireland, decried the segregation of denominational churches and schools: Issues like segregated schools and housing, lack of jobs and opportunity — symbols of history that are a source of pride for some and pain for others — these are not tangential to peace; they’re essential to it. If towns remain divided — if Catholics have their schools and buildings, and Protestants have theirs — if we can’t see ourselves in one...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved