Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Drop Religious Pretext
Shareholder Activists Drop Religious Pretext
Mar 23, 2026 8:09 PM

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
First Amendment Is For Conservatives, Too
The First Amendment (“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances”) is for all Americans. I know that seems obvious, but the folks at Salon seem to need a reminder. Jenny Kutner has taken offense to a group of Catholic women expressing their...
‘Unbreakable Men:’ Wounded Soldiers Take On A New Enemy
It takes a special person to serve in the military. It takes a special person e to terms with and e profound injuries caused in the line of duty. It takes a special person to track down child pornographers. It takes unbreakable men. Aptly dubbed “HERO,” the Human Exploitation Rescue Operative is being developed by U.S. Immigration and Customs Enforcement, Homeland Security Investigations and U.S. Special Operations Command in conjunction with the National Association to Protect Children.The idea grew out...
Faith and the Free Market Expelled from Iraq’s Garden of Eden
As reported by the Wall Street Journal, Iraq’s largest oil refinery for domestic use has been overtaken by the Islamic State of Iraq and Syria (ISIS), the radical jihadi terrorist group aiming to establish an Islamic caliphate in these two nations. As Iraq’s most lucrative resource is now siphoned off by a radical organization, the global oil market risks destabilization while financially empowering ISIS. Economic stability facilitates greater religious freedom – establishing an ISIS controlled government as detrimental to Iraq’s...
Wounding Work: Creative Service as Cross Bearing
In recent years, we’ve seen a renewed focus on the deeper value, meaning, and significance of our daily work, particularly across the realm of evangelicalism. Yet as easy as it may be for some to alter old attitudes and begin appreciating the gift of creative service, it can be extremely difficult for others —and often for good reason. Indeed, until the last few centuries, the bulk of humanity was confined to activities that, while often fruitful, meaningful, and God-glorifying in...
Why Lawmakers Should Read and Understand the Laws They Make
“I’m still floored that it’s controversial or debatable to say that politicians should read and understand bills before voting them into law.” That quote, from a tweet by Washington Post writer Radley Balko, might provoke sympathetic nods of agreement or sneers of derision from Americans familiar with D.C. politics. But sadly, he’s right. It iscontroversial—and has been for at least a decade. In fact, you are more likely to hear people make the argument that theyshouldn’t waste their timereading the...
What You Should Know About Paul Ryan’s Anti-Poverty Plan
Social mobility is a “key tenet of the American Dream” yet relative upward mobility has been stagnant, says Rep. Paul Ryan in his new 73-page proposal for reforming federal anti-poverty programs. Ryan acknowledges that there are many individual and social factors that affect upward mobility (e.g., family structure) but adds that “public policy is still a factor, and government has a role to play in providing a safety net and expanding opportunity for all.” Expanding Opportunity in Americaincludes mendations for...
Why Liberals Should Support the Hobby Lobby Decision
When the Supreme Court ruled on the Hobby Lobby case, the near universal reaction by liberals was that it was a travesty of epic proportion. But as self-professed liberal law professor Brett McDonnell argues, the left should embrace the Hobby Lobby decision since it supports liberal values: The first question was: Can for-profit corporations invoke religious liberty rights under RFRA? The court answered yes. HBO’s John Oliver nicely expressed the automatic liberal riposte, parodying the idea that corporations are people....
Workplace Surveillance: Legal and Moral Concerns
As surveillance technology continues to cost less, we live in a world in which our activities are being increasingly monitored. And it’s not just the NSA doing it–even employers are utilizing surveillance technology in the workplace. The basis for this surveillance has been to catch employees abusing work time (e.g. scrolling through Facebook posts), to protect against sexual harassment and discrimination lawsuits, and to discover if pany secrets are being leaked. It also helps deter workers from breaking the rules...
The Church Needs To Stop Taking Government Money
Voices what should be obvious: that by taking federal money and grants, the Catholic Church has put herself in a very awkward place. Money from the government es with strings attached, and those strings have tied the hands of too many Catholics. Earlier this week, President Obama handed down an executive order that requires the cutting off of government funds from “any organizations that discriminate against homosexual or ‘transgendered’ persons. This executive order is not aimed solely at the Catholic...
Get a Free Rental of ‘The Economy of Order’
For the Life of the World: Letters to the Exilesisa 7-part series from the Acton Institute that seeks to examine the bigger picture of Christianity’s role in culture, society, and the world. Each Monday until August 18 The Gospel Coalition (TGC) ishighlighting one episode and sharing an exclusive codefor for a free 72-hour rental of the full episode. Here’s the trailer for episode 4,The Economy of Order. Visit TGC to get thecode for the free rental(you have to apply the...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved