Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Jul 2, 2026 7:58 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
Calvin and Hobbes draw the line
In case you missed it, the Washington Post did a fun review of the new three-volume art book on the Calvin and ic strip. For a parent who raised two daughters during the strip’s 10-year run from 1985 to 1995, it’s refreshing to learn that creator Bill Watterson rejected all attempts at mercializing the adventures and musings of the young boy and his stuffed tiger. It seems that every children’s flick and television series of the Calvin and Hobbes era...
Ideas have consequences
An illuminating passage from an interview with Peter Schweizer on National Review Online. Schweizer is the author of Do As I Say (Not As I Do): Profiles in Liberal Hypocrisy: …the consequences of liberal hypocrisy are different than for the conservative variety. When conservatives abandon their principles and e hypocrites, they end up hurting themselves and their families. Conservative principles are like guard rails on a winding road. They are irritating but fundamentally good for you. Liberal hypocrisy is the...
Mr. Barroso’s wake-up call
Jose Manuel Barroso, the President of the European Commission, is calling on all “civilized and rational” people bat anti-trade populism of the sort that is designed to whip up fear and protectionism. In an interview with The Times (London), Barroso issued what he called a wake-up call: “If the signal we give to our children is ‘Protect yourself — hide under the table because there is globalisation, resist it’ — then we are nothing.” This week, European leaders are headed...
‘The Dignity of the Human Form’
Spurred on by the specter of miraculous cures to horrible diseases, Irving Weissman, director of Stanford’s Institute for Stem Cell Biology and Regenerative Medicine, is working on bining human brains and mice. The Stanford Daily reports that Dr. Weissman “has worked with the transfer of human neurons to the brains of mice for several years now. He has already bred mice whose brains posed of 1 percent human neurons, finding that transplanted human brain cells could successfully connect to a...
War and religion
“I don’t think many of the conflicts I’ve covered were really about religion. It’s about territory. It’s about power. It’s about other things. It’s just broken down along religious lines.” James Nachtwey, war photographer, 56, New York City (Interviewed by Cal Fussman, Esquire, Oct 01 ’05) ...
iBelieve in iPod
Apparently, the religion of iPod is the fastest growing religion in the world. And now, you can even buy the “divine iBelieve” cap for your iPod shuffle, to let others know of mitments to your religion and music. But now bring me a man who plays music. And when the man played music the groove came upon them. ~ 2 Jobs 3:15 es up with this stuff, I don’t know. I can just see it now, though – walking into...
The priority of the eternal over the temporal
The brother in humble circumstances ought to take pride in his high position. But the one who is rich should take pride in his low position, because he will pass away like a wild flower. For the sun rises with scorching heat and withers the plant; its blossom falls and its beauty is destroyed. In the same way, the rich man will fade away even while he goes about his business. —James 1:9–11 (NIV) Before I look at the exposition...
British ingenuity
Interesting news from across the pond today. Our British friends seem to be making education a bit more ‘user friendly’. Education Secretary Ruth Kelly is proposing a system where “parents dissatisfied with local schools will be encouraged to set up their own…’The underlying principle is simple – freedom for schools and power for parents,’ said the education secretary.” The Acton Institute has long promoted the idea that the primary responsibility for a child’s education lies with the parents. The recent...
2005 Samaritan award winner announced
The 2005 Samaritan Award Grand Prize winner was announced today! If you are unfamiliar with the Samaritan Award, or the Samaritan Guide, information can be found here.The winner of the $10,000 award was the Lives Under Construction Boy’s Ranch Residential Treatment Program. This program, based in Lampe, Missouri, takes in boys with serious behavioural problems and turns their lives around. The program teaches the value of making right choices, emphasizing the importance of good work and instilling a sense of...
SHAFTA?
Last night, at Acton’s 15 Year Dinner in Grand Rapids, former president of El Salvador Francisco Flores gave a reason for his country’s great economic success: it stopped blaming others. Compare this with another statement yesterday by another politician, Michigan governor Jennifer Granholm. In a bid to the federal government to help the ailing Michigan manufacturing industry, she said (among other things) that “a crisis is upon us and the Federal Government needs to step up and do its share”...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved