Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
May 25, 2026 2:09 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
‘You May Drive Nature Out With A Pitchfork, But She Will Keep Coming Back’
In an ambitious essay at Intercollegiate Review, James Kalb attempts to dissect the driving political forces in Western culture today. He says that while we live in a world that touts diversity, the reality is extraordinary uniformity and a distinct distaste for anything outside the new norm. We have narrowed our political choices, our educational choices, our recreational and consumer choices. We say we want religious freedom, but only in a very narrow manner. Our current public order claims to...
New York City’s No Vans Land
No Vans Land tells the inspiring story of a small business owner taking on New York’s City Hall. Hector came here from Jamaica for opportunity. But like too many others, he has been forced to constantly defend himself against government attempts to restrict his business and protect powerful interests. The Charles Koch Institute’s new film project,Honest Enterprise,shines a light on the burden put on immigrant entrepreneurs like Hector by the federal, stand, and local governments. ...
Human Action: A Positive Environmental Footprint
“Being less bad is not good.” This is a major theme of Cradle to Cradle, written by architect William McDonough and former Greenpeace chemist Dr. Michael Braungart back in 2002. The book arrived like a tidal wave on the green movement and exposed the categorical deficiencies and uselessness of tags like, “reduce, reuse, recycle.” The problem highlighted in the 2002 book is not that we need to simply damage the environment less but, even worse, we lack the entrepreneurial creativity...
Grading Kids by Race?
In his famous 1963 “I Have a Dream” speech, Martin Luther King, Jr. declared, I have a dream that my four children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character. I have a dream today. MLK decried equality for children of all races, and his monumental contribution to the realization of this dream should forever be remembered. However, it seems that some...
Acton Kern Fellow Named Campus Dean at Moody
Christopher Brooks, a Kern Fellow at Acton, was recently named campus dean at Moody Theological Seminary in Michigan. Brooks is a senior pastor at Evangel Ministries in Detroit and he is the host of the Equipped for Life radio broadcast which airs daily on Salem Communications-Detroit Affiliate. John Jelinek, vice president and dean of Moody Theological Seminary, said that Brooks “has demonstrated a mitment to the advancement of the gospel and the work of Christ throughout Southeastern Michigan and I...
Audio: Anthony Bradley on Race Relations in the Wake of the Zimmerman Verdict
On Tuesday eveninig, Anthony Bradley – Acton Research Fellow andassociate professor of theology at The King’s College in New York City – joined hostSheila Liaugminas on Relevant Radio’sA Closer Look to discuss the sensitive topic of race relations in America, especially in light of the verdict in the George Zimmerman case in Florida. Bradley gives his perspective on the state of race relations, and offers advice on how people of good will can have honest and forthright discussions about issues...
Video: Overcoming Poverty In America
Cheryl Miller, Executive Director of Perpetual Help Home (a PovertyCure partner) offers insight to poverty in America in this new video. Miller, an Acton University alumnus, focuses on the dignity of the human being. ...
5 Business Activities That Imitate God
It’s e mon for Christians to openly ponder and discuss the ways in which we might glorify God through our work. Yet even with this newfound attention, it can be easy to forget that the very businesses launched to harness and facilitate such work are themselves declaring the glory of God, albeit in subtle, unspoken ways. In an essay posted at Christianity 9 to 5, author and theologian Wayne Grudem explores this angle a bit further, affirming the variety of...
6 Bad Arguments About Income Inequality
Earlier this week I claimed you rarely hear progressives argue that e inequality is a problem since for them it just is an injustice. But there’s another reason you rarely hear them make arguments about why e inequality is morally wrong: their actual arguments are terrible. CNN columnist John D. Sutter recently asked four people — Nigel Warburton, a freelance philosopher and writer; Arthur Brooks, president of the American Enterprise Institute; Thomas Pogge, director of the Global Justice Program at...
Brother Attorneys File Lawsuit Against HHS Mandate
Michael and Shaun Willis, brothers and attorneys at Willis & Willis, PLC in Kalamazoo, Mich., have filed suit against the federal government’s mandate regarding the inclusion of artificial birth control, abortificients and abortion as part of employee health care. The brothers are mitted Christians and staunchly pro-life; one is Catholic, one Protestant. In addition to their law practice, they have a legal aid organization, doing pro bono work for the homeless in southeast Michigan. They also fund scholarships for children...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved