Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Drop Religious Pretext
Shareholder Activists Drop Religious Pretext
Mar 31, 2026 3:18 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
5 Facts About Independence Day
July 4, 2015 will be America’s 239th Independence Day, the day Americans celebrate our Declaration of Independence from Great Britain. Here are five facts you should know about America’s founding document and the day set aside for memoration. 1. July 4, 1776 is the day that wecelebrate Independence Dayeven though it wasn’t the day the Continental Congress decided to declare independence (they did that on July 2, 1776), the day we started the American Revolution (that had happened back in...
After Supreme Court’s Marriage Ruling, Religious Liberty Battles Loom
“Whenever government assumes a greater role in a societal or cultural debate, expect both intended and unintended consequences,” says Zack Pruitt in this week’s Acton Commentary. “The U.S. Supreme Court’s decision to make same-sex marriage a constitutional right under the Fourteenth Amendment will generate huge conflicts – in some cases unforeseen – with the First Amendment right to the free exercise of religion.” Until this constitutional showdown is ultimately decided, the campaign on the part of some same-sex marriage advocates...
Réflexion sur l’encyclique « Laudato Si »
A French translation of Samuel Gregg’s The American Spectator article on Pope Francis’s eco-encyclical was published earlier this week in Nouvelles de France. Gregg is the Acton Institute’s director of research, and the article, titled “Laudato Si’:Well Intentioned, Economically Flawed,” was translated by Emmanuel d’Hoop de Synghem. Peu avant la publication de l’encyclique du Pape François, Laudato Si, la plupart mentaires focalisaient sur les implications et les liens qu’a cette encyclique avec le débat sur le changement climatique. Une tentative...
What About Naomi?
In my lifetime I’ve witnessed some odd pairings – Tony Bennett and Lady Gaga being among the most recent – but none so bizarre as Pope Francis and Naomi Klein. The Pope needs no explanation, but Ms. Klein may leave some readers scratching their heads. The telegenic Canadian activist actually was invited to participate in a stacked-deck of climate-change true-believers at the Vatican. Organizers of the event, “Planet First: The Imperative to Change Course” – held July 1 and July...
A encíclica “Laudato Si´”: bem intencionada, mas economicamente insensata
On Friday, the Instituto Ludwig von Mises Brasil published a Portuguese translation of Samuel Gregg’s recent article about the economic flaws in Pope Francis’s environment encyclical. Matheus Pacini of the IMB translated mentary, originally published June 19 in The American Spectator. Nos dias posteriores à publicação da nova encíclica do papa Francisco, Laudato Si’ (Louvado Seja), a maioria entários abordava as possíveis implicações da mesma para o debate sobre as mudanças climáticas. Um esforço para influenciar esse discussão — sendo...
The First Amendment Defense Act
“The U.S. Supreme Court’s decision to make same-sex marriage a constitutional right under the Fourteenth Amendment,” says Zack Pruitt in today’s Acton Commentary, “will generate huge conflicts—in some cases unforeseen—with the First Amendment right to the free exercise of religion.” Fortunately, some legislators are already attempting to do something to prevent such conflicts. Even before the recent Supreme Court ruling, Senator Mike Lee (R-UT) and Rep. Raúl Labrador (R-ID) introduced legislation to clarify and strengthen religious liberty protections in federal...
Pope’s compassion for the poor doesn’t acknowledge benefits of free markets
Pope Francis will begin a tour of Ecuador, Bolivia and Paraguay on Sunday, returning to the continent of his birth for the first time since his election in 2013 and visiting areas of extreme poverty. Peter Johnson, the Acton Institute’s external relations officer, told the Associated Press that the pontiff’s criticism of the free market neglects to account for the economic improvements made in Latin America in the last decade. The three countries on Francis’ tour all have made economic...
Africans Fight Media Stereotypes
We’ve all seen the pictures: a little African boy wearing nothing but an dirty, over-sized t-shirt emblazoned with the logo of a U.S. sports team, or a little African girl, dressed in rags and pitifully surrounded by flies. As you might imagine, Africans don’t particularly appreciate the rest of the world viewing them this way. Frustrated by the constant images of poverty and disaster, a new Twitter movement started by young Africans shows that the continent is much more diverse...
Now Available: ‘For the Life of the World: Leader’s Edition’
The Acton Institute’s seven-part film series, For the Life of the World: Letters to the Exiles, was created for a wide-ranging Christian audience, whether Baptist or Catholic, Orthodox or Presbyterian. As Andy Crouch says in his review, “this series is marvelously catholic, in the small-c sense,” appealing across political and theological divides while still proclaiming a specific vision of creativity, beauty, and service in the Christian life. But while the series is highly enjoyable for any viewer, it is particularly...
Coolidge: The Best President You Don’t Know
This weekend marks the 143rd birthday of the best president you (probably) don’t know: Calvin Coolidge. Most presidents are judged by what they do in office. For instance, they are expected to “do something” about the economy even if their actions are counterproductive and detrimental. Coolidge took a different approach: he preferred to do “nothing”—to take as much inaction as possible. The liberal journalist Walter Lippman once wrote, “There has never been Mr. Coolidge’s equal in the art of deflating...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved