Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Jun 19, 2026 2:24 PM

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
How to keep cool over politics this Thanksgiving
Today at Mere Orthodoxy, I have an essay building on some of myrecentposts here exploring a healthy Christian response to plex results (other than “Trump won; Clinton lost”) of the 2016 presidential election. In particular, I focus on how to be true to the exhortation of St. Paul: “Rejoice with those who rejoice, and weep with those who weep” (Romans 12:15). I write, Writing to early Christians in Rome, St. Paul the Apostle offered a succinct summary of the Christian...
Giving thanks for the miracle of the marketplace
Families across the country are aboutto celebrate Thanksgiving, expressing gratitude for God’s overwhelming grace and abundance. And yet even as we offer thanks to God for his provision — materially, socially, spiritually, or otherwise — how often do we pause and reflect on the freedoms and channels that God uses in the process? Will we remember that the very foods we are sure to enjoy on Thanksgiving Day required a great deal of investment, cultivation, and risk-taking? Will we reflect...
Does Acts 2-5 teach socialism?
“The early church was socialist.” Talk about economics and the church and you’ll eventually hear a Christian make that claim. The idea that the early chapters of the Acts of the Apostles supports the idea that Christians should be socialists is an oft-repeated as if it were both obvious and true. But is it? Art Lindsley explains why those passages do not pertain to socialism: Does Acts 2-5 mand socialism? A quick reading of these four chapters might make it...
Washington showdown looms over Ex-Im Bank and cronyism
Sen. Lindsey Graham, Republican from South Carolina, wants to change the rules of one of the biggest crony capitalist organizations in Washington. He wants to make it easier for the Export Import Bank to dish out large amounts of corporate welfare panies such as Boeing, which already brings in revenues upward of $95 billion per year. USA Today reported in a recent article that “Graham, as chairman of the Senate Appropriations mittee that funds foreign operations, has added a provision...
Radio Free Acton: Daniel Garza on Latinos and the liberty movement
Daniel Garza at the Acton Lecture Series – November 17, 2016 On this edition of Radio Free Acton, we speak with Daniel Garza, Executive Director of The LIBREInitiative, a non-profit organization dedicated to advancing the principles and values of economic freedom within the munity. According to political conventional wisdom, the munity is a natural constituency of progressive politicians and part of an emerging progressive permanent majority in the United States. Garza counters this narrative by noting the fact that conservative...
North Korean regime would ‘collapse’ without free markets
Screenshot of Google Earth Satellite image of Chaeha Market in Sinuiju. Screenshot taken 11/23/2016. “If North Korea shuts downs markets, it will collapse too,” defector Cha Ri-hyuk explains. Satellite images and testimonies from those who have fled the oppressive regime of Kim Jong-un are demonstrating the power of markets. A new report from Hyung-Jin Kim looks at this phenomenon in the Democratic People’s Republic of North Korea. These markets, jangamadangs, are primarily supplied with goods smuggled from China or South...
Thomas Sowell on poverty, politics, and the origins of prosperity
“The mundane progress driven by ordinary economic and social processes in a free society es dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of mon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides prehensive argument for the origins of prosperity. “There’s no explanation needed for poverty. The species began in poverty,” Sowell says. “So what you really need to know is...
Graft and bribery are big government’s byproducts: EU studies
The nation of Spain is prosecuting 37 people – including former officials in the ruling center-Right party – for steering government contracts to their politically connected friends. It will not help the defensethat thesuspects gave themselves audacious, Godfather-inspired nicknames like Don Vito and “The Little Meatball.” While a disturbing example in itself, a series of studies show that corruption is ing a growing threat in the EU – and the larger the government, the greater the level of perfidy. The...
Video: Daniel Garza on Latinos, the freedom agenda, and the 2016 elections
According to mon political narrative prior to the 2016 elections, progressivism has been ascendent and conservatism has been on an inevitable decline in America in significant part due to demographic changes. Among those changes is the growth of the Latino population, which is assumed to be a natural constituency for progressive politics. In the wake of the election, this may be one among many narratives that need to be re-thought. Evangelicals are one of the fastest growing segments in munities,...
Did the unemployed give Trump his new job?
When you hear reports on the unemployment rate it’s usually a single number. For example, in October that number was 4.9 percent. But that single number is the national average, and can conceal a wide range at the state and local level. For instance, in September South Dakota and New Hampshire had the lowest rates in the country—2.9 percent—while six states (Nevada, Mississippi, West Virginia, Louisiana, New Mexico, and Alaska) all had rates that were twice that number. Not surprisingly,...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved