Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Drop Religious Pretext
Shareholder Activists Drop Religious Pretext
Mar 9, 2026 1:15 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
Video: Magatte Wade On The Power Of Business
During her evening plenary presentation, Magatte Wade asked the audience to raise their hand if they cared about poverty alleviation; hands went up all over the room. She followed up by asking how many in the room had checked the doing business index recently; far fewer hands went up. It’s easy to forget that the most powerful poverty alleviation tool is a job, and that jobs are more plentiful in those parts of the world where it is easier to...
Nintendo, Economic Development, and Asceticism
Photography by Larry D. Moore Today marks the 20th birthday of the Nintendo 64 (N64) gaming console. Don Reisinger offered a great tribute at Fortune: On this day in Japan 20 years ago, Nintendo introduced the gaming system, among the first consoles to create realistic-looking 3D worlds filled with monsters, soldiers, and blood. It’s standard game design today, but at that point, it was new and exciting. Before the Nintendo 64’s launch, gamers were largely forced into games with pixelated...
Recognizing the abused, disadvantaged, and invisible on International Widow’s Day
“Cursed be anyone who perverts the justice due to the sojourner, the fatherless, and the widow.” Deuteronomy 27:19a Today is International Widows’ Day (IWD), a day to recognize the situation that widows (of all ages) face internationally and at home. From the United Nations: Absent in statistics, unnoticed by researchers, neglected by national and local authorities and mostly overlooked by civil society organizations – the situation of widows is, in effect, invisible. Yet abuse of widows and their children constitutes...
Hats off to the British for Brexit referendum
The United Kingdom shocked everyone and made the decision to leave the European Union. With 72.2 percent voter turnout, 51.9 percent chose to leave. England and Wales voted to leave while Scotland and Northern Ireland voted to remain. You can see a breakdown of the referendum numbers at the Telegraph. Acton’s director of international outreach and author of The New Totalitarian Temptation, Todd Huizinga, issued the following statement congratulating the Brits on their decision: Hats off to the British people...
Free Markets Are Necessary But Not Sufficient
To be a champion of free markets is to be misunderstood. This is doubly true for free market advocates who are Christian. It’s an unfortunate reality that many of us have e to accept as inevitable. That doesn’t mean, however, that we don’t attempt to clear up misunderstandings when we can. So let me attempt to clear up one of the most notorious misunderstandings: Few advocates of free markets (and none who are Christian) believe that free markets are a...
A Gideon v. Wainwright Reminder
Over the past decade media coverage of the problems surrounding indigent defense has been increasing. For example, The American Civil Liberties Union (ACLU) is currently suing the state of Utah for failing to uphold that 6th Amendment which now provides opportunities for government provided criminal defense. The ACLU is claiming that Utah fell short of its obligation to provide attorneys to criminal defendants who cannot afford to hire one. While the merits of the case have yet to be properly...
Election Season in the Spiritually Vacant State
“When the value-bearing institutions of religion and culture are excluded, the value-laden concerns of human life flows back into the square under the politics of politics,” wrote Richard John Neuhaus, “It is much like trying to sweep a puddle of water on an even basement floor; the water immediately flows back into the space you had cleaned.”Although he made ment thirty-twoyears ago, the late Fr. Neuhaus could be describing the current election season. While there is much that could be...
McDonald’s as social enterprise: Capitalism’s community center?
We live, work, and consume within an increasingly grand, globalized economy. Yet standing amidst its many fruits and blessings, we move about our lives giving little thought to why we’re working, who we’re serving, and how exactly our needs are being met. Adam Smith’s “invisible hand” feels more invisible than ever. In response to our newfound economic order, big and blurry as it is, many have aimed to pave paths toward more munitarian” ends, epitomized by recentwaves of “localist consumerism,”...
When Should You Recycle?
Americans produce a lot of trash — about 7.1 pounds per person per day. Out of that, less that one-quarter gets recycled. Should we be recycling more? As scholar Daniel K. Benjamin explains, it depends on the item being recycled. For some trash, recycling uses up more resources than would creating the material from scratch. In this brief video, Benjamin provides some helpful rules of thumb about when you should and should not bother to recycle. ...
Health care mandate threatens religious freedom in California
The Associated Press reported Wednesday that the U.S. Department of Health and Human Services (HHS) has decided to uphold the California Department of Managed Health Care’s 2014 mandate that health care providers must include elective abortion coverage in all their plans. Previously, several health panies in California had provided plans exempting these services for customers with religious objections, including churches and religiously-affiliated schools. The statement released by the Office of Civil Rights (OCR) under the HHS plaints that the California...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved