Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Sep 8, 2026 8:40 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
Week of Prayer for Christian Unity
Beginning in 1908 as the “Octave of Christian Unity,” the eight days from January 18 to January 25 are designated as the “Week of Prayer for Christian Unity” and observed by many major Christian traditions and denominations. All around the world, Christians who sometimes do not always get along so well (to put it lightly) put aside their discord to pray for renewed harmony and reconciliation. For example, in Bucharest, Romania, ecumenical prayer services are being held on nearly every...
Calvin Coolidge and the Commercial Spirit
Calvin Coolidge quipped shortly before his death, “I feel I no longer fit in with these times.” The words came not long before FDR’s ascendency to the presidency and not long after the upsurge of government activism that started in the Herbert Hoover administration. Coolidge, even for his time, was seen as old fashioned, a throw back to simpler values, ethics, and principles. Coolidge cut the name tags out of his suits when he asked his wife to resale them,...
Mall Rats, Bureaucrats, and Credit Card Decline
The Keynesians will have little to cheer about in this story. Yesterday I saw this report from CNN Money that said U.S. consumer credit card debt fell by 11 percent in 2011. Mississippians led the Union by reducing their card balance by 23 percent. While total household debt fell by only 1 percent last year, it is still a towering plishment pared to the U.S. federal debt increase. This is exactly the point Jordan Ballor and I made in our...
Kuyper, Coffee & Markets
I had the pleasure of being a guest on today’s installment of Coffee & Markets, the fine podcast hosted by Kevin Holtsberry and Pejman Yousefzadeh. I got to talk about Abraham Kuyper and his essays mon grace, particularly in the areas of science and art. These essays are available in translation in Wisdom & Wonder: Common Grace in Science & Art, the first selection from the broader three-volume Common Grace translation project. Check out the podcast and some related links...
New Kim, Same Old Korea
One month ago today, the people of North Korea learned that their Dear Leader, Kim Jong-il, had died. While the news triggered hysterical shock in Pyongyang, the event brought new hope to those who work hard to penetrate North Korea’s hermetic society. One after another, many of these NGOs and ministries released statements postulating that maybe, just maybe, Kim’s youngest son and anointed heir—Jong-un—would break with family tradition by promoting genuine liberty for his people. Such hopes are certainly understandable....
What Will It Take To Transform The Mountains Of Culture?
Where is God already at work? Who is making an impact in their sphere of influence? What can you do to make a difference? The “mountains” in my title here describes the ways some have divided culture, erroneously setting apart the areas in which we would need to impact (business, government, media, arts and entertainment, education, the family and religion) in order to realize real, sustainable change in the Christian world. Transformation 2012 is a one-day virtual conference designed to...
‘Ultimately, all leadership is local’
Franciscan University in Steubenville, Ohio, has launched a new Center for Leadership which university alumnus Rep. Jeff Fortenberry, R-Neb., lauds as a project that “roots young men and women in virtue, forms them as leaders, and grounds them in sound philosophical thought.” David Schmiesing, who directs the center and is also vice president of student life at Steubenville, said, “This is our most explicit and focused effort yet to train leaders for the Church and world.” One of the resources...
The Christian Post Highlights Wisdom & Wonder
In The Christian Post, Napp Nazworth profiles Wisdom & Wonder: Common Grace in Science & Art. The article looks at the power the Abraham Kuyper translation project will have in transforming the way evangelicals engage the broader culture. Acton’s director of programs and international Stephen Grabill spoke with The Christian Post: While some evangelicals have grown appalled by the increased political activism of their brethren and withdrawn from politics, others have e so deeply tied to partisan and national loyalties...
Samuel Gregg: Europe in Demographic Denial
[Thanks to RealClearWorld, ThePulp.it, NewsBusters and for linking to mentary.] Over at the American Spectator, Acton Research Director Samuel Gregg points to Europe’s “perceptible inability” to acknowledge some of the deeper dynamics driving its financial crisis. And these are primarily a “slow-motion population plicated by the exodus of young European Union citizens and the return of hundreds of thousands of immigrants to their homes in developing nations. That is an ominous development for a region where the dependency rate —...
Acton Moves Up in Global Think Tank Rankings
The Think Tanks and Civil Society Program at the University of Pennsylvania this morning released its “2011 Global Go To Think Tanks Rankings” and associated trends analysis. The full report will be posted here soon. The Acton Institute was ranked No. 12 globally on the “Top Thirty Social Policy Think Tanks” (the same ranking as in the 2010 survey) and No. 39 on the “Top Fifty Think Tanks in the United States” ranking (up eight places). James McGann, the director...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved