Home
/
RELIGION & LIBERTY ONLINE
/
Vice, Virtue, and Shareholder Activism
Vice, Virtue, and Shareholder Activism
Jan 15, 2025 8:10 PM

King Louis XIV censored Moliere’s 1664 play Tartuffe after determining audience members might too easily confuse the titular priest’s hypocritical nature with every priest in real life. According to the king, some priests’ “true devotion leads on the path to heaven,” while others’ “vain ostentation of some good works does not prevent mitting some bad ones.”

The king’s judgment in many ways also describes individuals who pursue their religious vocations while simultaneously championing secular causes such as proxy shareholder resolutions. This leads to more of the same kind of confusion that King Louie was worried about. Coming from the other direction, groups that recruit nuns, priests, and other religious and clergy to promote these resolutions under the pseudo-spiritual guise of “corporate social responsibility” and “social justice” aren’t being clear about intended objectives. The aim of all this is not salvation of the soul, but political organizing.

While Tartuffe deceived his hosts’ willfully, those proxy shareholders who belong to religious orders may or may not be unwittingly promoting such secular resolutions as, for example, bans on hydraulic fracturing that have nothing to do with their vows. As for the secular groups who join them, could it be possible they even more resemble Moliere’s priest by seeking grace on the cheap when they deploy religious, nuns and clergy to assist in the promotion of proxy resolutions?

And at what point do these faithful cease advocacy of spiritual matters and e mere secular activists?

That question came to mind when Robert Kropp at reported Feb. 5 that nine oil and panies “face shareowner resolutions this proxy season requesting that they quantifiably measure and reduce the environmental and social impacts of hydraulic fracturing.” The source of these resolutions is a consortium of secular groups, including As You Sow, Calvert Investments, Green Century Capital Management, New York City Office of the Comptroller, and Trillium Asset Management.

Also among these organizations is the Sisters of St. Francis of Philadelphia, an order whose efforts on behalf of the environment stem from their belief in the “Cosmic Christ.” This belief prompts them to revere all that exists through good stewardship; along with efforts to “dialogue and explore with others the implications of eco-spirituality” and “celebrate our oneness with the universe.”

This writer reported last month that claims made about the dangers of hydraulic fracturing to groundwater have been proven exaggerated and even in some instances pletely. This does little to stem the “eco-spiritual” activists who would rather block hundreds of thousands of jobs, billions of dollars of revenue for state programs and untold wealth generation for the citizens of California.

The Sisters assert their environmental efforts are for the benefit of the world’s most financially disadvantaged, but their resolutions—if successful—may in fact have the opposite effect. As stated succinctly in the Cornwall Declaration: “[E]xaggerated risks can dangerously delay or reverse the economic development necessary to improve not only human life but also human stewardship of the environment” and “A clean environment is a costly good; consequently, growing affluence, technological innovation, and the application of human and material capital are integral to environmental improvement. The tendency among some to oppose economic progress in the name of environmental stewardship is often sadly self-defeating.”

In his judgment of Tartuffe, King Louis XIV concluded that “his extreme delicacy to religious matters can not suffer this resemblance of vice to virtue, which could be mistaken for each other; although one does not doubt the good intentions of the author, even so he forbids it . . . in order not to allow it to be abused by others less capable of making a just discernment of it.”

So it is with the Sisters of St. Francis, who shouldn’t place their perceived religious authority in jeopardy through shareholder advocacy of causes having nothing whatsoever to do with their spiritual vocation. These resolutions, if successful, are far more likely to harm the planet’s financially disadvantaged than the exaggerated environmental hazards of hydraulic fracturing.

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
Ending America’s bigoted education laws
WhenJames Blaineintroduced his ill-fatedconstitutional amendmentin 1875, he probably never would have imagined the unintended consequences it would have over a hundred years later. Blaine wanted to prohibit the use of state funds at “sectarian” schools (a code word for Catholic parochial schools) in order to inhibit immigration. Since the public schools instilled a Protestant Christian view upon its students, public education was viewed as a way to stem the tide of Catholic influence. While the amendment failed in Congress, supporters...
Apply today for a 2018 internship at Acton
A 2016 NACE Center report on millennial hiring indicated that internships help 81.1 percent of graduates “shift their career directions either slightly or significantly.” At Acton, we place an emphasis on assisting young men and women to discover their vocational calling through internships. The holiday season may have just ended, but we already find ourselves anticipating the energy and enthusiasm that 18 young leaders will bring to the Acton office this summer. In addition, we have re-branded the Acton summer...
Study: How minimum wage increases hurt consumers and the poor
In surveying the damage caused by arbitrary increases to the minimum wage, our attention is typically drawn to stunted job growth among low-skilled workers or tragic tales of shuttered businesses. But are there other deleterious effects beyond those felt in business and the labor market? What about the impact on the actual price of goods?We are constantly told that businesses will simply “pass along the costs” to the consumer, but does the data actually prove that out? If so, which...
Why government is not just a necessary evil
In the Federalist Papers James Madison claimed that, “If men were angels, no government would be necessary.” But is that true? James R. Rogers, an associate professor of political science at Texas A&M University, explains why some form of government would be necessary even if man were still in a prelapsarian state of nature: [E]ven without the Fall, there would be a role for civil government for the duly recognized person who exercises civil authority. Even in an unfallen society,...
What you should know about Jubilee Years
Many politically progressive Christians have latched on to the concept of a “Jubilee year” as a biblically endorsed excuse for debt cancellations and as a way to “dismantle economic inequality.” But as a new study by Charles A Goodhart and Michael Hudson explains, Jubilee Years didn’t originate in ancient Israel, they weren’t really about egalitarianism, and they can’t readily be applied outside of agrarian based economies. Here are a few highlights from their paper: The Israelites borrowed the idea from...
Pope Francis on ‘the entrepreneurial world,’ human dignity, and family at Davos
Thousands of world leaders have gathered in the Swiss Alps, as the four-day-long World Economic Forum began today in Davos. Among the messages the elites heard was one written by Pope Francis which touched on the importance of family, human dignity, and the role of “the entrepreneurial world” in fulfilling the “moral imperative” to create an uplifting economy for all. Forum attendees should work toward eradicating unemployment, corruption, and unethical technological developments. The address – which was written on January...
The 5 biggest problems with Oxfam’s 2018 income inequality report
Oxfam has just released its annualreport, and the media have dutifully covered its conclusion that “82% of all growth in global wealth in the last year went to the top 1%, while the bottom half of humanity saw no increase at all.” Here are five significant concerns every Christian should have with it: Inequality is not the same as poverty The report admits, “Between 1990 and 2010, the number of people living in extreme poverty (i.e. on less than $1.90...
Asymmetric information in health insurance
Note: This is post #65 in a weekly video series on basic microeconomics. In this video by Marginal Revolution University, Tyler Cowen discusses asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health insurance e in a range of health, but to panies, everyone has the same average health. Consumers have more information about their health than do insurers. How does this affect the price of health insurance? Why would some consumers prefer to...
How a universal income could discourage meaningful work
In his popular book, Coming Apart, Charles Murray examined the key drivers of America’s growing cultural divide, concluding that America is experiencing an “inequality of human dignity.” Such a divide, Murray argues, is due to a gradual cultural drift from our nation’s “founding virtues,” one of which is “industriousness.” “Working hard, seeking to get ahead, and striving to excel at one’s craft are not only quintessential features of traditional American culture but also some of its best features,” Murray writes...
The euro, Brussels, and the Russian bear
The government of Poland is part of the new surge of populism, openly defying the European Union on numerous policy fronts and rebuffing calls for an “ever-closer union.” So, why did its prime minister recently raise the possibility of adopting the euro? What is happening, and how should people of faith think about a single European currency? Are there moral issues at stake? “Adoption of mon euro currency should be understood first and foremost as politics, and only then as...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved