Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Drop Religious Pretext
Shareholder Activists Drop Religious Pretext
Mar 22, 2026 11:49 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
Preview of JMM 14.2: Modern Christian Social Thought
The fall 2011 issue of the Journal of Markets & Morality has now been finalized and will be heading to print. It is a bit overdue, but this issue is one of our largest ever, and it includes a number of noteworthy features on the special theme issue topic “Modern Christian Social Thought.” As I outline in the editorial for this issue (PDF), 2011 marked a number of significant anniversaries, including the 120th anniversaries of Rerum Novarum and the First...
The Little Drummer Boy’s Gift
Earlier this year Michael Kruse put out a request for suggestions for inclusion in a Commissioning Service for Human Vocation. This Advent season it struck me that the Christmas song, “The Little Drummer Boy,” or, “The Carol of the Drum,” is rich in vocational theology. The little drummer boy has no gold, frankincense, or myrrh, no gift “fit to give a King,” so instead he plays his “best for him” on his drum. The little drummer boy drumming his best...
Food Trucks and First Steps
Customers standing beside the food truck operated by Fojol Brothers of Merlindia, a theatrical, mobile Indian restaurant, serving food at various locations throughout Washington, D.CIn this week’s Acton Commentary, “Food Fights and Free Enterprise,” I take a look at the increasing popularity of food trucks in urban settings within the context of Milton Friedman’s observation that “it’s always been true that business is not a friend of a free market.” As you might imagine, the food truck phenomenon has found...
The Legend of Zelda video games from a Christian perspective
Author and editor Jonny Walls has announced his latest work published by Gray Matter Books entitled The Legend of Zelda and Theology. Zelda is a series of video games celebrating its 25th anniversary this year, originating in 1986 with The Legend of the Zelda for the Nintendo Entertainment System. It revolutionized video games with its adventure elements and exploration. Each new installment of the series has advanced plexity and story line. The Zelda world maintains its own unique mythology consisting...
Secularism and Tyranny
In part 1 of “Secular Theocracy:The Foundations and Folly of Modern Tyranny,”David Theroux of the Independent Institute outlines a history of secularism, tracing plex relationship between religion and the spheres of society, particularly church and government. “Modern America has e a secular theocracy with a civic religion of national politics (nationalism) occupying the public realm in which government has replaced God,” he argues. One of the key features necessary to unraveling the knotty problems surrounding the idea of secularism is...
America’s Real Inequality Problem
David Deavel’s review of Mitch Pearlstein’s From Family Collapse to America’s Decline: The Educational, Economic, and Social Costs of Family Fragmentation has been picked up by First Things and Mere Comments. Deavel’s review was published in the Fall 2011 issue of Religion & Liberty. In his review, Deavel declared: His [Pearlstein] new book, From Family Fragmentation to America’s Decline, laments this inability of many to climb their way up from the bottom rungs of society. But rather than fixating on...
Leery of Federal Disaster Relief Help?
In the Spring 2011 issue of Religion & Liberty, I wrote about the Christian response to disaster relief, focusing on Hurricane Katrina and the April 2011 tornadoes that munities in the deep South and Joplin, Mo. in May. Included in the story is a contrast of church relief with the federal government response. From the R&L piece: In Shoal Creek, Ala., a frustrated Carl Brownfield called the federal response “all red tape.” The Birmingham News ran a story on May...
Rev. Sirico: Contemplating Christmas
Acton President and Co-Founder Rev. Robert A. Sirico asks us to take a breather from the frenzied preparations that lead up to Christmas and reflect on the true meaning of the Feast of the Incarnation. Thanks. to ThePulp.it for linking. Contemplating Christmas By Rev. Robert A. Sirico In a Christmas season filled with noble sentiments such as “peace on earth and goodwill to men,” the remembrance of the joys and sanctity of the family, and the deep human desire for...
The Civil War in Religion & Liberty
2011 kicked off the 150th anniversary of the American Civil War. At the beginning of 2011, I began seeing articles and news clippings memorate the anniversary. While not a professional historian, I took classes on the conflict at Ole Miss and visited memorials and battlefields on my own time. I must give recognition to Dr. James Cooke, emeritus professor of history at the University of Mississippi, for his brilliant and passionate lectures that awakened a greater interest in the subject...
Religion & Liberty: An Interview with Dolphus Weary
Dolphus Weary has a remarkable story to tell and certainly very few can add as much insight on the issue of poverty as he does. When you read the interview, now available online in the Fall 2011 R&L, or especially his book I Ain’t Comin’ Back, you realize leaving Mississippi was his one ambition, but God called him back in order to give his life and training for the “least of these.” One of the things Weary likes to ask...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved