Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Mar 13, 2026 9:29 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
A Dystopian’s Guide to Barbie Dolls and Disney Princesses
Proponents of limited government often talk about utopianism because it led to so much dystopian grief in the most infamous socialist experiments of the 20th century. Anna Mussman makes another utopian/dystopian cultural connection in a recent essay at The Federalist. She draws a connection from the airbrushed world of Barbie Dolls and Disney princesses, to the thirst for dystopian fiction among the girls who soon outgrow those panions. Mussman suggests that when girls raised mainly on a steady diet of...
Religion & Liberty: An Interview with Russell Moore
Russell Moore talks and writes about a lot of topics as president of the Southern Baptist Ethics & Religious Liberty Commission. He even writes about the legendary Johnny Cash. “Cash always seems to connect,” says Moore. When es to leading and speaking about religious liberty, the same can be said for Moore. There are few as engaging and persuasive as Moore in the public square today. He’s interviewed on this important topic in the issue of Religion & Liberty ....
Are Our Relationships Threatening The State?
Could our strong marriages and great interpersonal relationships be a threat to the state? Stella Morabito thinks so. In a piece at The Federalist, Morabito says the State has something to lose when culture promotes traditional marriage, strong families and ties to munity. She examines a Slate article in which Lily and Carl (a fictional couple) are facing an unexpected pregnancy. They aren’t married, don’t care to be, and Lily (who has munity relationships outside of work) sees no advantages...
As Expected, Jobless Claims ‘Unexpectedly’ Increase
Today at Bloomberg we find this unexpected news about unemployment: Applications for U.S. unemployment benefits unexpectedly climbed to a nine-week high, underscoring the difficulty adjusting the data for seasonal variations such as the Easter holiday and spring recess at schools. Jobless claims rose by 14,000 to 344,000 in the period ended April 26, the highest level since Feb. 22, Labor Department data showed today in Washington. The median forecast in a Bloomberg survey of economists called for 320,000. There are...
Seattle’s Foolish Experiment Will Be a Lesson for America
When I was growing up I had a buddy—let’s call him “Bob”—who was constantly asking, “What happens if we do . . . ?” Bob’s curiosity, however, only led him to wonder about foolish actions. He never pondered, for example, what would happen if we all volunteered at the senior citizens center. Instead, his thinking ran more along the lines of what would happen if we jumped off the senior citizens center. The reaction of me and the rest of...
The Wickedness Of Global-Warming Alarmism
Creation and the Heart of Man by Fr. Michael Butler and Andrew Morriss Is global warming irrational? Is it bad science? Yes, to both says Nigel Lawson, a member of the U.K. House of Lords and chairman of the Global Warming Policy Foundation. However, Lawson takes it one step further; he calls global-warming alarmism “wicked.” In a lengthy piece at National Review Online, Lawson first details being threatened by those who insist on the “facts” of global-warming. However, he insists...
In Praise of Trade Schools
One of the benefits of a Christian theology of work is that it frees parents up to encourage their children to pursue various employment-related vocations that cultivate creation, rather than prod them to waste a life in the unfulfilling pursuit of the American Dream. Our obsession with the American Dream, as a means of achieving a life fort and ease, has distracted us from the fact that the world’s economy doesn’t need adults simply with college degrees so much as...
Report: International Experts Examine Religious and Economic Freedoms
Zenit, the Catholic news service, published a recap of Acton Institute’s conference, “Faith, State, and the Economy: Perspectives from East and West.” The event, held in Rome on April 29, brought expert speakers from around the world to explore plex relationship between religious liberty and economic freedom. For more on this conference and others planned in the series titled “One and Indivisible? The Relationship Between Religious and Economic Freedom,” please visit this page. Zenit asked Acton Research Director Samuel Gregg...
The Pilgrims and John Paul II
On The Catholic World Report, Acton’s Michael Matheson Miller offers a personal reflection on the recent canonization of Pope John Paul II. There were pilgrims from all parts of the world: Spaniards, Australians, a remarkable number of French (including a couple whose five young children wore matching jackets), a large group from Equatorial Guinea were also matching memorative traditional garb marked with images of Pope John Paul. I saw Slovaks, Americans, Nigerians, Lebanese, Italians, and legions of Poles young and...
Explainer: The Supreme Court’s Ruling on Government Prayer
What was the Greece vs. Galloway case about? The short answer: The constitutionality of saying religiously specific prayers (e.g., praying in Jesus name) at government meetings and functions. The (slightly) longer answer: In the town of Greece, located in upstate New York, the Town Board sessions were opened by a prayer from local clergy, mostly leaders of Christian congregations although in a few instances members of other faith traditions offered the invocation (a Jewish man, a Baha’i leader, and a...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved