Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Drop Religious Pretext
Shareholder Activists Drop Religious Pretext
Feb 28, 2026 3:25 AM

Religious shareholder activist group As You Sow released its 2016 Proxy Preview last week, and it’s a doozy. Tellingly, AYS has dropped religious faith as a rationale for its climate-change and anti-lobbying efforts. From the panying press release:

More 2016 shareholder proposals than ever before address climate change — pared with 82 in 2015. Of the resolutions, 22 ask energy extractors and suppliers to detail how the warming planet will affect their operations and how they will respond if governments follow through mitments made in the Paris climate treaty in December to keep fossil fuel assets in the ground to prevent damaging temperature increases. A further 18 resolutions focus on the risks from using hydraulic fracturing to extract energy from shale deposits, including 12 seeking methane reduction targets. Nineteen resolutions panies to set greenhouse gas emission reduction targets. The climate slate is rounded out by another 11 proposals that include a push to change energy reserves accounting at panies and one suggesting executive bonuses should be linked to fossil fuel reserves accounting changes.

Political activity accounts for another 99 resolutions, including some drawing connections between government inaction on climate change and corporations’ lobbying and election spending. Proposals on lobbying (55) exceed those about election spending (40). panies face resolutions seeking oversight and disclosure of both election and lobbying expenditures.

Hoo boy. Where to begin unpacking all the mischief hinted at above? Suffice it to write that the proxy resolutions in the 2016 Proxy Preview demand individual scrutiny in order to identify the wrongheadedness of it all. This despite the self-congratulatory back-patting and progressive smugness displayed above and below:

As You Sow CEO Andrew Behar said: “In this Paris-meets-politics year, the growing integration of issues for shareholder advocacy is apparent like never before. We see political spending intertwined with climate change and sustainability directly linked to CEO pay. Investors panies to take a broad, systemic look at their policies and how they affect responsible action in the broader economy.”

Michael Passoff, CEO, Proxy Impact; and co-author of Proxy Preview 2016, said: “Shareholders are saying what politicians won’t: We must transform the energy sector, but money in politics is preventing that. Shareholders are stepping in where Congress fears to tread — demanding panies prepare for climate change e clean on political spending.”

Readers will note that neither Behar nor Passoff never once mention how AYS activities reflect religious faith and devotion but only politics. Behar’s “Paris-meets-politics” refers to last December’s United Nations Framework Convention on Climate Change. Otherwise known as COP21, the conference was a pilgrimage of pomposity for AYS and the rest of the religious shareholder crowd. Collectively, the climate-change activists raised their carbon footprint exponentially in order to display publicly just how much fossil-fuel carbon emissions makes them both sad and angry.

Similarly, AYS activities directed at lobbying and political spending aren’t based in faith, only politics. In fact, AYS boasts its 2016 “lobbying transparency campaign begun in 2012 is coordinated by Walden Asset Management and the American Federation of State, County and Municipal Employees (AFSCME).” Hmmmm…does anybody else smell something funny emanating from the blended lobbying-disclosure efforts of a public-sector union and a supposedly faith-based investment group? It, too, reeks of progressive sadness and anger.

It seems AYS has set itself up as a progressive variation of Hollywood central casting replete with a huge roster of sad-looking clergy and angry-appearing nuns who are eager to lend their respective faces and voices to left-leaning causes during the annual proxy resolution season. AYS cares not a whit for its fellow stockholders and the profitability of panies in which they’re all invested – which is supposed to be the main objective of owning stocks in the first place. Nor does it even bother sprinkling religious justification on its various agendas. It’s all about politics of a particular stripe, which aims to use proxy resolutions to shut down all opposing policy discourse while bringing panies to heel (or else) at the secular altars of climate change, political spending and lobbying.

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
10 facts about the 100th anniversary of women’s suffrage in the UK
Women in the UK received the right to vote for the first time 100 years ago today: February 6, 1918. Numerous cities are celebrating the centenary today and throughout the season. Here are the facts you need to know: The “Representation of the People Act” proposed the right for British women to vote – but only if they were over the age of 30, a property or homeowner, and a member of or married to a member of the Local...
Catholic bishops against Mark Janus
“On February 26 the US Supreme Court will hear oral arguments in Janus v. American Federation of State, County and Municipal Employees (AFSCME),” says Charles W. Baird in this week’s Acton Commentary. “At issue is whether forcing government employees to pay for the collective bargaining activities of unions that represent them violates their First Amendment rights. On January 19 the United States Conference of Catholic Bishops (USCCB) filed an amicus brief with the Court in which they took the side...
Using rice to help refugees and fight corruption in Brazil
Corruption scandal after corruption scandal has rocked Brazil for years, with ex-president Dilma Rousseff’s impeachment and ex-president Luiz Inacio Lula da Silva’s conviction on corruption charges. Michel Temer, Brazil’s sitting president, has also faced charges of corruption, primarily stemming from relationships with the state-owned pany, Petrobras. An obvious lack of transparency and ethics is present in Brazilian markets, what we often refer to as crony capitalism. “More than a brand, a movement.” With this slogan as the battle cry, Acton...
What Christians should know about the Dow
Note: Almost four years ago, the Dow inspired me to start a series of posts explaining economic terms and concepts from a Christian perspective. It’s fitting then thatthe Dow is also motivation to relaunch this long dormant feature (over the past two days the Dow has suffered the worst point decline in history). I call it the “Dow Conundrum.” At least once a week, for as long as I can remember, I’ve heard about the Dow Jones Industrial Index (DJIA)....
Why do millennials favor socialism?
It isn’t news that a large number of millennials gravitate towards socialism. Older generations who have lived in the shadow of socialism and similar ideological regimes however, may wonder why. Why do those who have experienced the benefits of capitalism wish to live under the kind of governments that slaughtered millions in the previous century? One reason young people support socialism is that they desire justice, says Acton Institute Research Fellow Michael Matheson Miller. “Young people rightly feel frustration with...
What we get wrong about technology
When asked to think about how new inventions might shape the future, says economist Tim Hartford, our imaginations tend to leap to technologies that are sophisticated prehension. But the reality is that most influential new technologies are often humble and cheap and new inventions do not appear in isolation: To understand how humble, cheap inventions have shaped today’s world, picture a Bible — specifically, a Gutenberg Bible from the 1450s. The dense black Latin script, packed into twin blocks, makes...
Some solutions to moral hazard
Note: This is post #67 in a weekly video series on basic microeconomics. In the last post in this series we discussed a form of exploitation of information called moral hazard. What are some solutions to moral hazard? In this video by Marginal Revolution University, Tyler Cowen offers several potential fixes such as as countering asymmetric informational imbalances or reducing the incentive of the agent to exploit their information advantage. (If you find the pace of the videos too slow,...
Samuel Gregg: History has its eyes on Alexander Hamilton
Establishing a lasting and free county is no easy task. “The process of ordering freedom is never simple,” Samuel Gregg writes in a new article for Public Discourse, “Formally ratifying a constitution isn’t the end of the process. Articles and clauses need interpretation, ambiguities necessitate clarification, disputes require adjudication, and governmental structures giving effect to the constitution’s purposes must be developed.” No one understood that better than the ten-dollar founding father, Alexander Hamilton. Gregg reviews Kate Elizabeth Brown’s 2017 book,...
Beyond mere affluence: Embracing Isaiah’s posterity gospel
“This is where the church needs to be: going to every part of the world of mere affluence and turning it into a vineyard.” –Andy Crouch In a recent essayinThe Atlantic, William Deresiewiczexpressed concern that the rise of “creative entrepreneurship” would mean “the end of art as we know it,” fearing that capitalism’s expansion of creative empowerment would mean “the removal of the last vestiges of protection and mediation” for higher ideals of beauty and truth.The risks are real. But...
Report: Economic freedom contributes to social progress
In plex global economy, it can be hard to get a sense of where we’re heading and how far we’ve e. While some boast of unprecedented economic prosperity and opportunity, others see social disruption or fear economic collapse. But what is the true state of the global economy? More importantly, what’s needed to improve and sustain it? In a continued effort to discern such matters, The Heritage Foundation has once again released its annual Index of Economic Freedom, a report...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved