Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Drop Religious Pretext
Shareholder Activists Drop Religious Pretext
Mar 3, 2026 5:03 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
A Hopeful Vision for Stewardship: Integrating Ecological Concerns and Economic Flourishing
Being a follower of Jesus includes a hopeful vision of the future. In the fullness of the kingdom of God, we will live on a new earth as embodied humans, worshiping and working, married to Christ and in fellowship with sisters and brothers from all nations (Rev. 21-22). There will be no more war, perfect justice, a restored ecology and each person will steward gifts and responsibilities consistent with his or her created design and fidelity during this present age...
Archbishop Charles Chaput On Freedom And Faith
Archbishop Charles Chaput of Philadelphia recently gave a speech at a seminary. That – an archbishop addressing his seminarians – is in itself hardly noteworthy. However, Chaput had some profound and substantial things to say regarding freedom and faith. Our public discourse never gets down to what’s true and what isn’t, because it can’t. Our most important debates boil out to who can deploy the best words in the best way to get power. Words like “justice” have emotional throw...
The Greek Orthodox Bishop Who Stood Up to the Nazis
Archbishop DamaskinosThis is a doubly significant day in the nation of Greece in that not only is the Annunciation of the Theotokos (Virgin Mary) observed but also Independence Day. March memorates the start of the War of Greek Independence in 1821 against the Ottoman Empire and the tourkokratia or Turkish rule that is traced back to the fall of Constantinople in 1453. The occasion is marked with much pomp, parades and speech making in Greece and where large numbers of...
Bishop Says ‘Climate Denial’ Like Moral Blindness
Katharine Jefferts Schori Your author recalls a time when reasonable people could disagree on all types of issues. Unfortunately, that period’s ing nature of diverse opinions has receded into vitriolic attacks on opponents’ intelligence, funding, research ethics, morality and religious faith. Such is the case with this week’s media coverage of Katharine Jefferts Schori, the woman the Guardian labels a “presiding bishop of the Episcopal church and one of the most powerful women in Christianity.” The bishop explained her highly...
Lessons on Work and Civilization from ‘Katy and the Big Snow’
“No work? Then nothing else either. Culture and civilization don’t just happen. They are made to happen and to keep happening — by God the Holy Spirit, through our work.” –Lester DeKoster As we beginto discover God’s design and purpose for our work, there there’s a temptation to elevatecertain jobsor careers aboveothers, and attempt to inject our workwith meaning from the outside. Yet as long as we are serving our neighbors faithfully, productively, ethically, and inobedience to God’s will, the...
Explainer: What’s Going on in Yemen?
What just happened in Yemen? Yemen, the poorest country in the Middle East, has been in a state of political crisis since 2011 when a series of street protests began against poverty, unemployment, corruption. In recent months, though, Yemen has been driven even further into instability by conflicts between several different groups, pushing the country “to the edge of civil war,” according to the UN’s special adviser. Yesterday, to prevent further instability, a coalition led by Saudi Arabia launched air...
Let’s Stop Expecting Islam to be Christian
One of the hot new trends in religious opinion today is to advocate for an “Islamic reformation.” This past weekend the Wall Street Journal ran two articles on the subject: “Islam’s Improbable Reformer” and “Why Islam Needs a Reformation.” Presumably, the assumption is that an Islamic Reformation would bring about the same beneficial changes as the Protestant Reformation. As mitted Protestant (Reformed, Evangelical, Southern Baptist) I believe the Reformation was indeed one of the most significant, and largely beneficial, events...
Rev. Sirico Interview in Buenos Aires: A Society with Lower Taxes is More Prosperous
While in Argentina for Acton Institute’s March 18 “Christianity and the Foundations of a Free Society” seminar, President and Co-Founder Rev. Robert A. Sirico conducted a wide ranging interview with La Nación, the country’s leading conservative newspaper. For more on the event, jointly sponsored with Instituto Acton Argentina, go here. What follows is an English translation of the interview. The original version, titled “Una sociedad con bajos impuestos es más próspera” in Spanish, may be found here. La Nación: Why...
Entrepreneurs, Faith And Business: It’s Not Always What You Think
There are those who decry the infusion of faith in business; after all, why should the bakers down the street be able to turn down the account for the gay wedding? But many entrepreneurs – in many industries and with many different beliefs – intertwine their beliefs and their business … and it’s not always what you think. Christ Horst at Values & Capitalism says faith (of many different types) plays a role in business in our country. Whether you...
A Creative Aid For Dyslexia
Most of us take reading for granted. We learned how to do it when we were very young and we can do it with ease every day. However, for people with dyslexia (as much as 17 percent of the population) reading is a constant struggle. Dyslexia has nothing to do with intelligence, but it makes reading (and therefore learning) difficult. Aside from difficulty with pre-literacy learning like rhyming and letter recognition, the mon sign is when a child fails to...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved