Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
May 20, 2026 4:58 AM

Perhaps nothing invigorates the left more than climate change and the exercise of free speech in the political arena – imagine bined dyspepsia when these two issues converge. This is what is occurring with regrettable frequency as Walden Asset Management, Ceres and the Interfaith Council on Corporate Relations have joined a rogue’s gallery of progressive organizations issuing proxy shareholder resolutions urging a variety panies to disassociate from the American Legislative Exchange Council.

On June 25, Ernst & Young issued a report titled “Key Developments of the 2013 Proxy Season.” The document states: “Shareholder influence in the boardroom is growing. Investors are using proxy voting and shareholder proposals to challenge a wide spectrum of corporate governance practices – from board diversity, to focus on environmental topics, to transparency around political spending.”

We know from previous reports these past few months that many religious investment groups have mounted the barricades of proxy investment activism to forward progressive causes. And their fingerprints smudge the resolutions submitted to businesses to further agendas far removed from spiritual faith whilst wedded to the latest causes celebre of the left, including eliminating corporate funding of ALEC.

Why target ALEC? According to PRWatch:

“Timothy Smith of Walden Asset Management, who is involved with the shareholder campaigns, told CMD [The Center for Media and Democracy, the parent organization of both PRWatch and SourceWatch], ‘ALEC’s partnership with the climate-denying Heartland Institute to challenge renewable energy standards at the state level has heightened investor concern and opposition. Shareowner pressure has been one important factor in getting panies to announce that they cut their ties or clarifying that they had left years ago. The next proxy season is expected to see additional pressure panies seemingly dedicated to keeping their ALEC support flowing.”

Full disclosure: I am a former employee of The Heartland Institute (2010-2012) and currently serve (unpaid) as one of the think tank’s many policy advisors as well as freelance contributor (paid) to several of their publications. I also maintain several personal and professional associations with ALEC members.

That written, it must be asked why Walden, Ceres and ICCR are so vehemently opposed to a principled, well-researched and often underfunded opposition? And this: Whatever does spiritual vocations have to do with reducing carbon emissions at the expense of the world’s most financially challenged? As noted recently by Marita Noon:

Natural gas prices have been creeping higher and have pushed an increased use of coal in attempt to keep electricity costs as low as possible—after all, progressives and career environmentalists Michael Shellenberger and Ted Nordhous, of the Breakthrough Institute, posit: cheap electricity is a public good and a human right that has saved the forests, produced more food on less land, and lifted es.

Noon continues:

[Shellenberger and Nordhous] explain: eighty years ago, “The best forests had been cut down to use as fuel for wood stoves. Soils were being rapidly depleted of nutrients, resulting in falling yields and a desperate search for new croplands. Poor farmers were plagued by malaria and had inadequate medical care. Few had indoor plumbing and even fewer had electricity.” Cheap electricity changed all that and Senator Al Gore Sr. fought for it.

Today, “Environmentalists demand that we make carbon-based energy more expensive” and the left calls it “A threat to the planet and harmful to the poor.” Shellenberger and Nordhous state: “In the name of democracy it now offers the global poor not what they want—cheap electricity—but more of what they don’t want, namely intermittent and expensive power” which “offers the poor no path to the kinds of high-energy lifestyles Western environmentalists take for granted.”

Believers in anthropogenic global warming, they acknowledge that “modernization” does have “side effects,” but they believe that these are problems that can be “dealt with.” They claim that “energy poverty causes more harm to the poor than global warming” and that “modern energy”—a term they use interchangeable with “cheap energy”—“makes the poor vastly less vulnerable to climate impacts.”

Shellenberger and Nordhous close their mentary by stating that the 1.3 billion people who lack cheap grid electricity should get it. “It will dramatically improve their lives, reduce deforestation, and make them more resilient to climate impacts. … Any effort worthy of being called progressive, liberal, or environmental, must embrace a high energy planet.”

Rather than focus on the plight of the poor, however, Walden, Ceres and ICCR wish to stifle ALEC and Heartland attempts to mitigate out-of-control government regulations, green-energy crony capitalism and renewable mandates, which are all lofty measures to fulfill Christian goals to assist the poor in this writer’s biased and not-so-humble opinion.

According to the Ernst & Young report, “Nearly 40% of all shareholder proposals were focused on environmental and social topics – the largest of any category.” ICCR and Walden resolutions targeted ConocoPhillips and Exxon to provide more political transparency and reduce carbon emissions, causes enjoined by CMD, Common Cause and People for the American Way, among others.

These last groups, it should be mentioned, receive financing from the Open Society Institute founded and bankrolled by leftist billionaire George Soros, a guy whose enmity toward Christian causes is well-documented. A quick scroll through the list of Soros’ donations reveals OSI monies propping up the “religious” left-wing organization Sojourners, the extremely secular and equally left-wing Planned Parenthood and numerous advocacy groups desiring to panies from funding ALEC, Heartland and any other group challenging the so-called “scientific consensus on climate change,” for example.

In aligning themselves with OSI-funded groups with leftist agendas, further, these groups are attempting to shut down all honest debate – the necessary basis for scientific discovery and public policy decisions – by thwarting corporate donations to any organization with which they disagree. Further, Walden and ICCR have sold-out their obligation to honor mand to tender to the least of our brethren in favor of granting indulgences to climate-change alarmists.

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
Whom Would Jesus Indebt?
Putting ourselves and our children further in debt, notes Timothy Dalrymple, is not the way to help the poor: One of the great difficulties of this issue, for Christians, is that the morality of spending and debt has been so thoroughly demagogued that it’s impossible to advocate cuts in government spending without being accused of hatred for the poor and needy. A group calling itself the “Circle of Protection” recently promoted a statement on “Why We Need to Protect Programs...
The J. Wellington Wimpy Budget Policy
In ment last month on the proposed federal budget deal, Sen. Rand Paul quoted one of the foremost economic thinkers of the twentieth century. “There is a recurring theme in Washington budget negotiations. It’s I’ll gladly pay you Tuesday for a hamburger today. I think it’s a huge mistake to trade sequester cuts now, for the promise of cuts later,” Sen. Paul said. “I’ll gladly pay you Tuesday for a hamburger today,” was a catchphrase made famous by J. Wellington...
At-A-Glance: Public Vs. Private Sector Health Care
The Washington Examiner has published a chart that clearly lays out the difference between Obamacare versus private sector health care. Using Walmart as an example (despite the employer’s much-disparaged employee benefits), Elliot Smilowitz at the Examiner shows that the private sector is able to parable health care at much less expense than Obamacare. ...
It’s Not Enough to Care About ‘The Poor’
“Each of us has a personal responsibility to heed the call to care for the poor,” says Jennifer A. Marshall. “The Bible doesn’t leave us room to make poverty someone else’s problem.” Long before LBJ’s call bat poverty, Christians heard a higher call passion for the poor. How to live out that mand in the context of 21st-century America is the challenge. And it’s one that thinkers such asSherman, author of the bookKingdom Calling: Vocational Stewardship for the Common Good,have...
Acton University 2014 Speaker Spotlight: Makoto Fujimura
Makoto Fujimura, in many ways, defies being labeled. He is an artist. He is an author. He is a speaker. But none of pletely capture who Fujimura is. Perhaps one way to understand Fujimura is to take a look at mencement address he made at Biola University: To ask “what do you want to make today?” is not an idealist’s escape from reality. To ask “what do you want to make today?” is a quiet resistance against the destructive fears...
Is the $17 Trillion Federal Debt Immoral?
Even when we agree on what Biblical principles should guide our political choices, evangelicals from the left and right rarely agree on policy solutions. But there is one area where there appears to be an increasingly significant level of agreement: the immorality of our national debt. At Christianity Today, David P. Gushee — an ethicist and politically progressive evangelical — explains why the $17 trillion national debt is both immoral and unwise: Most progressive evangelicals who address government spending focus...
Taxpayer-Funded Abortions And Obamacare
Today, Professor Helen Alvaré of George Mason University, testified before the House Judiciary Committee mittee on the Constitution and Civil Justice regarding taxpayer-funded abortions under Obamacare. Alvaré, who teaches family law, law and religion, and property law, states that Americans have never understood abortion as a “good,” and that abortion cannot be labeled health care. The video below is her testimony. ...
Fatherlessness and the War on Poverty
In addition to reading Joe Carter’s striking by-the-numbers piece on the War on Poverty, and in keeping with Sam Gregg’s reflections on the deeper social and cultural forces at work, I heartily mend taking in Josh Good’s excellent retrospective in AEI’sThe American. Leveraging a lengthy quote from Herman Bavinck’s The Christian Family, one I’ve put to use myself, Good notes the “inverse impact of changing family structure on productive work and a flourishing economy”: The fact is, poverty is not...
Thomas Jefferson, Catholic sisters, and Obamacare
It’s easy to read that headline and think, “Wha…?” What in the world do Founding Father Thomas Jefferson, Catholic Sisters and our present day health laws have to do with each other? I’m glad you asked. More than 200 years ago, the Ursuline Sisters of France were fleeing the French Revolution and seeking a new home in New Orleans. They planned to open schools, hospitals and orphanages, but wanted to make sure that the U.S. government, now in control of...
Kuyper on Revolution
From CLP‘s newly released Guidance for Christian Engagement in Government, the first-ever English translation of Abraham Kuyper’s Our Program: What we oppose is “the Revolution,” by which we mean the political and social system embodied in the French Revolution… What bat, on principle and promise, is the attempt to totally change how a person thinks and how he lives, to change his head and his heart, his home and his country—to create a state of affairs the very opposite of...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved