Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
May 19, 2026 5:08 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
Is G. K. Chesterton Still Relevant? Why, Yes
Gilbert Keith Chesterton (1874-1936) is considered by many to be one of the most brilliant thinkers of the 20th century. But you’d be hard-pressed to find him discussed in any public high school (or even most colleges or universities, for that matter.) A prolific writer (he penned everything from a popular mystery series to epic ballads), he thought himself mainly a journalist. While he never attended college, his knowledge had both depth and breadth: Chesterton was equally at ease with...
Why Christians Should Listen to Mike Rowe on (Not) ‘Following Your Passion’
Television personality and former Dirty Jobs host Mike Rowehas e somewhat notorious for penning pointed responses to fans and critics on Facebook, offering routine challenges to prevailingattitudes aboutwork, calling, and vocation. In his most recent rant,Rowestays true to form, explainingto a man named “Stephen” why popularvocational directives such as“follow your passion!”make for such terrible advice: Like all bad advice, “Follow Your Passion” is routinely dispensed as though it’s wisdom were both incontrovertible and equally applicable to all. It’s not. Just...
Living In Our ‘De-Familied’ Society
In the U.S., about half of adults live alone. Somewhere around 43 percent of kids in America are only children. In the past 50 years, the number of children living with only one parent has almost doubled. We are, in the words of Archbishop Vincenzo Paglia, living in a “de-familied” society. Just prior to the current Pontifical Council for the Family, Archishop Paglia (who heads that Council) spoke to the National Catholic Register about issues he hoped would be addressed...
Are We Making Any Progress With Human Trafficking?
Looking at the numbers is overwhelming. 21 million people trafficked globally every year. Over $150 billion a year in profits. Is there any hope for such a tremendous problem, with so many facets that need attention? Thankfully, the answer is “yes.” International Justice Mission (IJM) which works bat all forms of slavery around the globe, is finding success. In just one week, IJM – working with local law enforcement – was able to rescue 17 girls who were being trafficked...
Catholic Group Launches Health Care Sharing Ministry
Throughout the history of the church, Christians have been actively involved in the provision and funding of health and medical resources. But for the past 50 years, these functions have been treated as political problems reserved for the state rather than matters to be addressed by the church. Some Christians, though, are beginning to reassert this biblically mandated role by participating in health care sharing ministries (HCSM). HCSMs are not panies, but nonprofit religious organizations that help members pay for...
Why is Marie Claire Celebrating Child Soldiers?
Image source: Marie ClaireMarie Claire’s latest feature on inspirational women is misleading. The article by Elizabeth Griffin is titled “These Remarkable Women Are Fighting ISIS. It’s Time You Know Who They Are” — and the women profiled are indeed remarkable. Even if, like me, you generally oppose women serving bat roles, you have to admire their courage in fighting the evil that is ISIS. But what is misleading it the claim that they are women. Of the 13 females in...
Radio Free Acton: The Global Vatican, Part 1
On this week’s edition of Radio Free Acton, Michael Matheson Miller speaks with Ambassador Francis Rooney, who served as U.S. Ambassador to the Holy See from 2005 to 2008 under President George W. Bush. Rooney has a new book out on the Vatican’s role in the world entitledThe Global Vatican.Miller and Rooney discuss the role of Ambassador, what it’s like to meet the Pope, and focus for a time on Pope Benedict’s Regensburg Address, and the political and diplomatic consequences...
Church-Going States Give the Most to Charity
How much of their es do Americans give to charity? A report by Chronicle of Philanthropy that analyzed taxpayers’ IRS data to find the answer: On average, Americans give about 3 percent of their e to charity each year, according to the report released Monday. But the giving gap between the rich and poor is significant, especially in view of the widening e gap. The report shows those who earned $200,000 or more donated 4.6 percent less of their e...
Anthony Bradley on Policy and Personalism
“What if we thought about our politics and economics from the person up?” asked Dr. Anthony Bradley in a recent lecture at the Carl F. H. Henry Center for Theological Understanding. According to Bradley, an associate professor of theology at The King’s College and research fellow of the Acton Institute, conservative Christians continue to isolate themselves because they are allegedly the only ones to “get the gospel right”, while progressives isolate themselves because they are allegedly the only ones who...
Human Smuggling Isn’t About Capitalism; It’s About Greed
The New York Times has a poignant piece about Cecilia, a young Guatemalan girl who sought a better life in the U.S. and was unfortunately caught up in the machinations of human smuggling. The smugglers were bold, advertising on the radio with promises of a better life. They required a $7,000 loan, with her family’s home as collateral. Her trip ended in a gas station parking lot in Florida, with Cecilia being robbed of another $1,000. Then there is this:...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved