Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Jul 21, 2026 2:58 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
Lootin’ in Louisiana
Following the devastation in New Orleans from Hurricane Katrina, bands of looters are running rampant throughout the city. Things have gotten so bad that New Orleans Mayor Ray Nagin “ordered virtually the entire police force to abandon search-and-rescue efforts and stop thieves who were ing increasingly hostile.” According to reports, “Looters used garbage cans and inflatable mattresses to float away with food, clothes, TV sets — even guns. Outside one pharmacy, mandeered a forklift and used it to push up...
Start where you are
Like everyone else outside the Gulf Coast (i.e., not a direct victim or a tireless rescue worker, volunteer, or military member there to help), the TV remote has e my panion. The challenges are unprecedented–which is hard to fathom after 9/11. We are all passionately concerned that Katrina victims be safely and humanely moved out of harm’s and ill-health’s way. But that is only one small step. Once the scope of disaster and the need became munities all over the...
Prayer for Labor Day
From the PowerBlog archives: Almighty God, you have so linked our lives one with another that all we do affects, for good or ill, all other lives: So guide us in the work we do, that we may do it not for self alone, but for mon good; and, as we seek a proper return for our own labor, make us mindful of the rightful aspirations of other workers, and arouse our concern for those who are out of work;...
Principled giving
The devastation that we have seen this week in the Gulf Coast region and especially New Orleans is almost beyond our capacity to understand. Our instinct is to do something – anything – to help those in need, but when the crisis is this huge, what does one do? Writing for National Review Online, Karen Woods, the Director of Acton’s Center for Effective Compassion, lays out some ways that we can most effectively use our resources to help the many...
Your tax dollars hard at work
FEMA, the Federal Emergency Management Agency, has produced a “Kidz Rap,” designed to alert children to the dangers of disasters and the function of FEMA. For example, did you know that “mitigation is important to our agency”? Also, “When disaster strikes, we are at our best / But we’re ready all the time, ’cause disasters don’t rest.” Click here to listen to the “rap”. No word yet on what role the FEMA rap played in informing Deamonte Love of how...
The state of nature in New Orleans
Thomas Hobbes once described human life in the “state of nature” as that of war, in which, in addition to the lack of merce, and the arts, there is “continual fear, and danger of a violent death. And the life of man, solitary, poor, nasty, brutish, and short.” The ing out of New Orleans give us a glimpse of the truth of Hobbes’ observation. When evacuations were made mandatory prior to Hurricane Katrina’s landfall, those who were unable to leave...
It’s wealth not poverty that’s on the rise
The Census Bureau today released a report citing that 37 million Americans lived under the poverty line, a jump of 1.1 million from 2003. “I was surprised,” said Sheldon Danziger, co-director of the National Poverty Center at the University of Michigan. “I thought things would have turned around by now.” What’s missing are the poverty threshold numbers that reveal that a family of four is considered “poor” if family e is below $19,000. What’s actually on the rise is not...
Pascal’s blunder: Miscalculating the threat of global warming
In this week’s Acton Commentary titled “Pascal’s Blunder: Miscalculating the Threat of Global Warming”, Jordan Ballor writes on the growing voice of evangelical Christians speaking out about global warming. Ballor responds to a recent article in Christanity Today by Andy Crouch, pares the current debate about global warming to Pascal’s wager, stating that we gain nothing if global warming turns out to pletely natural and beyond human control, but that we gain everything if we can control it. Ballor points...
‘Maintain Social Order’
In a move that sets a dangerous precedent in an already muddled area, U.S. immigration officials revoked the asylum of a Chinese Christian who had been imprisoned for organizing underground church meetings. The INS decision was upheld last month by an Appeals court panel. Here’s an in-depth story from Christianity Today. Ann Buwalda, founder and executive director of human-rights group Jubilee Campaign USA, said that the ruling “Essentially…removed religion as a basis of gaining asylum.” The U.S. government’s contention was...
Dunn deal: A challenge for the NFL
Pro running back Warrick Dunn, a native of Louisiana, is challenging every NFL player (other than New Orleans Saints) to donate at least $5,000 to hurricane relief efforts. “If we get players to do that, that would amount to $260,000 per team. I have heard from so many players both on my team and around the league who just want to do something. Well, this is the best thing that we can do and it’s something we should do,” he...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved