Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Jun 17, 2026 9:56 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
Fa(s)t food
There’s yet more evidence that supports my claim, “Besieged by the media and public opinion, quick-service restaurants have got the reputation for being unhealthy. But the truth of the matter is plex. Franchises that have put an emphasis on providing healthy foods have done well…. And as usual, the service industry has responded quickly and efficiently to customer demands.” The AP reports, “Inspired by the documentary ‘Super Size Me,’ Merab Morgan decided to give a fast-food-only diet a try. The...
‘Making Development Work’
A wide ranging piece in Policy Review by Robert W. Han and Paul C. Tetlock examines current aid practices, suggests the implementation of “information markets,” and looks at how such markets might impact current policy analyses like the Copenhagen Consensus and the UN’s Millennium Development Goals (MDG). The MDG are the nearly exclusive focus of the ONE Campaign, and the failings of the MDG as such e closely tied to the failings of the ONE Campaign. The authors write of...
Gimme shelter
Check out this piece at Christianity Today about churches in Zimbabwe providing shelter to the poor who have been dispossessed by Pres. Mugabe’s “drive out trash” campaign: “One Christian worker who requested anonymity said, ‘In some parts of Harare, people have gone to spend the nights in their local churches. People are squeezed into just about every space available. Churches have been openly warned not to help the ‘refugees,’ but how can you turn down someone who is hungry and...
A relevant essay
Given the discussion that’s been going on around the Acton site over the last week or so,I’m pointing out this timely piece (now archived) in yesterday’s St. Paul Pioneer Press, co-written by Todd Flanders, an Acton adjunct scholar and headmaster of Providence Academy. Flanders’ co-author is Dr. Yvonne Boldt, chair of the science department at the academy. In “The origin of the biology debate Intelligent design movement says the science isn’t settled on how life is shaped,” (now archived) Flanders...
The idol of nationalism
What Amrith Lal calls patriotism in this piece from the Times of India is probably more accurately called nationalism, but the point is well-taken nonetheless. The brief essay begins: As practised in our times, it is religion at its worst. The canons of morality and logic are lost on it. All that is expected of the patriot is blind devotion to an abstract entity called the state or whatever that symbolises the state. Needless to say, the state can never...
Debunking the preservationist myth
An article from Nature examines how even human activity as inherently destructive as military exercises can actually boost biodiversity. In “Military exercises ‘good for endangered species,'” Michael Hopkin writes of the results of a study conducted following US military exercises in Germany. Ecologist Steven Warren of Colorado State University says that “military land can host more species than agricultural land.” And “What’s more, its biodiversity can also exceed that of natural parks, where species that need disturbance cannot get a...
If at first you don’t succeed…
…You might be a Member of Congress: Members of Congress want to establish a new government-backed venture capital program… OK, but what’s the catch? …to replace one that’s being phased out because of sizable losses. I wonder if they’ve considered whether the Government should even be involved in the venture capital business in the first place? Hat Tip: Don Luskin ...
Godless science and natural revelation
This mentary by David Michael Phelps cites a University of Chicago study showing “that seventy-six percent of physicians believe in God, and fifty-five percent say their faith influences their medical practice.” Another new study by Rice University sociologist Elaine Howard Ecklund “surveyed 1,646 faculty members at elite research universities, asking 36 questions about belief and spiritual practices.” Ecklund’s survey covers a variety of scientific disciplines, and as the LiveScience report puts it, “Those in the social sciences are more likely...
Space tourism
In an interview with The Space Review Richard Garriott, vice-chairman of Space Adventures discusses the possibilities of space tourism and the potential market in the United States. Garriott describes Space Adventures as currently an [travel] agent, and we have millions of dollars in cash paid reservations for sub orbital flights. But with few or no suborbital space lines to book today, we are working to ensure they exist and that may mean SA invests in that eventuality. Garriott looks forward...
Church and governance in Nigeria
A promising brief recognizing the critical role of civil society in Nigeria, and especially that the Christian church, from Ecumenical News International: Nigerian president urges African churches: Play part in governance Abuja (ENI). Nigerian President, Olusegun Obasanjo has urged African church leaders to e key players in the process of achieving good governance in the continent. “The Church must be a critical partner in the on-going efforts at strengthening the structures of democratic governance, and bringing about sustained development in...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved