Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Aug 14, 2026 8:25 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
The Netherlands Try To Cure ‘Dutch Disease’: Welfare State
wants to talk about disease and dysfunction. It’s not a medical condition, though; it’s an economic one. Far too few governments rein in their countries’ bloated welfare states before disaster strikes. As a result, some citizens eventually suffer the economic equivalent of a heart attack: wrenching declines in living standards as they are victimized by unsustainable programs’ endgame. Greece and the city of Detroit are only the most recent grim examples. The Dutch, Boskin says, seem to be making a...
Dietrich Bonhoeffer on the search for Christian freedom
While imprisoned by the Nazis at Tegel military prison, and shortly after learning of the last failed attempt to assassinate Adolf Hitler, Dietrich Bonhoeffer penned a short poem for his friend, Eberhard Bethge, titled “Stations on the Road to Freedom.” e across the poem before, but in recently reading Eric Metaxas’ fine biography of the man, I was reminded of its power and potency in describing the essence of Christian freedom.It es all the pelling given its context, serving as...
‘Being Black At University Of Michigan’ (#BBUM) Students Should Transfer To Howard University
Contrary to the spirit of cooperation and solidarity, a group of black students at the University of Michigan believe they should receive some sort of special treatment because they are black. While the students may have legitimate concerns regarding campus culture, making outrageous demands is the least effective means of asking the administration to take their concerns seriously. In fact, given their unreasonable and unrealistic expectations it would be best if all of these protesting black students simply transferred to...
Is Econ 101 Conservative Propaganda?
Is the teaching of basic microeconomics — opportunity cost, supply and demand curves, incentives, etc. — a form of conservative propaganda? Most people, including almost all economists whether liberal or conservatives, would obviously say “no.” Yet many educators, as well as the general public, believe it’s true. In 1994, the Federal Goals 2000 Act expanded the national standards movement to include the teaching of economics in K-12 education. This led to the creation in 1997 of the Voluntary National Content...
Calvin Coolidge on Cronyism and the Proper Role of Business
In November of 1925, President Calvin Coolidge delivered an address on the topic of the proper relationship between government and business. His audience was the New York State Chamber Commerce. One of Coolidge’s main aims of the speech was to elevate the spiritual value of business. As president, Coolidge oversaw unprecedented economic expansion and growth, but he also lived through the rise of America’s progressive era and Russia’s Bolshevik Revolution. New ideas about government and society had already long been...
K Street Kronies: The Newest Action ‘Heroes’
Fighting off entrepreneurs! Taking on any threat to their power! Collect ’em all! ...
Handing Down Poverty, Mother To Daughter
The New York Times unwittingly highlights many of the points from the Acton Commentary, Maria Shriver’s Big, Big Government Rescue Plan For Women. In a piece entitled “Sarah’s Uncertain Path,” the Times takes a look at poverty in America, focusing on a pregnant 15 year old girl. Sarah’s family certainly has a rough go of it. And the Times would lead us to believe, just as the aforementioned Government Rescue Plan, that Sarah’s family and those like them are victims:...
The Ever-Persistent, Always-Destructive Myth of Overpopulation
The Nordic philosopher and priest Anders Chydenius (1729-1803) — the “Adam Smith of the North” — once asked: Would the Great Master, who adorns the valley with flowers and covers the cliff itself with grass and mosses, exhibit such a great mistake in man, his masterpiece, that man should not be able to enrich the globe with as many inhabitants as it can support? That would be a mean thought even in a Pagan, but blasphemy in a Christian, when...
Patheos Launches New Channel on Faith and Work
Patheos has just launched a new channel called MISSION:WORK, which aims to host a wide and varied discussion about faith and work. Led by senior editor Chris Armstrong of Bethel Seminary, the site will serve as a hub of sorts, drawing content from a variety of places, including the Acton Institute, to cultivate a conversation on whole-life discipleship. As described on the web site: “MISSION:WORK is a place where conversation happens about work and faith. We cover topics ranging from...
Rural Cuba and the tragedy of the commons
Michael J. Totten has a new piece on his travels through Cuba, this one focused on rural Cuba. “Most of the Cuban landscape I saw is already deforested,” he writes. “It’s just not being used. It’s tree-free and fallow ex-farmland. I’ve never seen anything like it, though parts of the Soviet Union may have looked similar.” Economists refer to this sort of thing as “the tragedy of mons,” and nobody does it well as munists. Parts of the travelogue are...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved