Home
/
RELIGION & LIBERTY ONLINE
/
Proxy Shareholders Losing Their Religion
Proxy Shareholders Losing Their Religion
Oct 27, 2025 1:53 PM

Perhaps nothing invigorates the left more than climate change and the exercise of free speech in the political arena – imagine bined dyspepsia when these two issues converge. This is what is occurring with regrettable frequency as Walden Asset Management, Ceres and the Interfaith Council on Corporate Relations have joined a rogue’s gallery of progressive organizations issuing proxy shareholder resolutions urging a variety panies to disassociate from the American Legislative Exchange Council.

On June 25, Ernst & Young issued a report titled “Key Developments of the 2013 Proxy Season.” The document states: “Shareholder influence in the boardroom is growing. Investors are using proxy voting and shareholder proposals to challenge a wide spectrum of corporate governance practices – from board diversity, to focus on environmental topics, to transparency around political spending.”

We know from previous reports these past few months that many religious investment groups have mounted the barricades of proxy investment activism to forward progressive causes. And their fingerprints smudge the resolutions submitted to businesses to further agendas far removed from spiritual faith whilst wedded to the latest causes celebre of the left, including eliminating corporate funding of ALEC.

Why target ALEC? According to PRWatch:

“Timothy Smith of Walden Asset Management, who is involved with the shareholder campaigns, told CMD [The Center for Media and Democracy, the parent organization of both PRWatch and SourceWatch], ‘ALEC’s partnership with the climate-denying Heartland Institute to challenge renewable energy standards at the state level has heightened investor concern and opposition. Shareowner pressure has been one important factor in getting panies to announce that they cut their ties or clarifying that they had left years ago. The next proxy season is expected to see additional pressure panies seemingly dedicated to keeping their ALEC support flowing.”

Full disclosure: I am a former employee of The Heartland Institute (2010-2012) and currently serve (unpaid) as one of the think tank’s many policy advisors as well as freelance contributor (paid) to several of their publications. I also maintain several personal and professional associations with ALEC members.

That written, it must be asked why Walden, Ceres and ICCR are so vehemently opposed to a principled, well-researched and often underfunded opposition? And this: Whatever does spiritual vocations have to do with reducing carbon emissions at the expense of the world’s most financially challenged? As noted recently by Marita Noon:

Natural gas prices have been creeping higher and have pushed an increased use of coal in attempt to keep electricity costs as low as possible—after all, progressives and career environmentalists Michael Shellenberger and Ted Nordhous, of the Breakthrough Institute, posit: cheap electricity is a public good and a human right that has saved the forests, produced more food on less land, and lifted es.

Noon continues:

[Shellenberger and Nordhous] explain: eighty years ago, “The best forests had been cut down to use as fuel for wood stoves. Soils were being rapidly depleted of nutrients, resulting in falling yields and a desperate search for new croplands. Poor farmers were plagued by malaria and had inadequate medical care. Few had indoor plumbing and even fewer had electricity.” Cheap electricity changed all that and Senator Al Gore Sr. fought for it.

Today, “Environmentalists demand that we make carbon-based energy more expensive” and the left calls it “A threat to the planet and harmful to the poor.” Shellenberger and Nordhous state: “In the name of democracy it now offers the global poor not what they want—cheap electricity—but more of what they don’t want, namely intermittent and expensive power” which “offers the poor no path to the kinds of high-energy lifestyles Western environmentalists take for granted.”

Believers in anthropogenic global warming, they acknowledge that “modernization” does have “side effects,” but they believe that these are problems that can be “dealt with.” They claim that “energy poverty causes more harm to the poor than global warming” and that “modern energy”—a term they use interchangeable with “cheap energy”—“makes the poor vastly less vulnerable to climate impacts.”

Shellenberger and Nordhous close their mentary by stating that the 1.3 billion people who lack cheap grid electricity should get it. “It will dramatically improve their lives, reduce deforestation, and make them more resilient to climate impacts. … Any effort worthy of being called progressive, liberal, or environmental, must embrace a high energy planet.”

Rather than focus on the plight of the poor, however, Walden, Ceres and ICCR wish to stifle ALEC and Heartland attempts to mitigate out-of-control government regulations, green-energy crony capitalism and renewable mandates, which are all lofty measures to fulfill Christian goals to assist the poor in this writer’s biased and not-so-humble opinion.

According to the Ernst & Young report, “Nearly 40% of all shareholder proposals were focused on environmental and social topics – the largest of any category.” ICCR and Walden resolutions targeted ConocoPhillips and Exxon to provide more political transparency and reduce carbon emissions, causes enjoined by CMD, Common Cause and People for the American Way, among others.

These last groups, it should be mentioned, receive financing from the Open Society Institute founded and bankrolled by leftist billionaire George Soros, a guy whose enmity toward Christian causes is well-documented. A quick scroll through the list of Soros’ donations reveals OSI monies propping up the “religious” left-wing organization Sojourners, the extremely secular and equally left-wing Planned Parenthood and numerous advocacy groups desiring to panies from funding ALEC, Heartland and any other group challenging the so-called “scientific consensus on climate change,” for example.

In aligning themselves with OSI-funded groups with leftist agendas, further, these groups are attempting to shut down all honest debate – the necessary basis for scientific discovery and public policy decisions – by thwarting corporate donations to any organization with which they disagree. Further, Walden and ICCR have sold-out their obligation to honor mand to tender to the least of our brethren in favor of granting indulgences to climate-change alarmists.

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
The Brexit deal defeat and confidence vote: Why Christians should care
UK Prime Minister Theresa May suffered the largest defeat in modern history last night, as Parliament rejected her Brexit deal by a vote of 202-432; she now faces a confidence vote that could turn her out of office.Rev. Richard Turnbull – who is both ordained in the Church of England and the directorof the Centre for Enterprise, Markets, and Ethicsin Oxford – explains the likely es in a new essay forthe Acton Institute’sReligion & Liberty Transatlanticwebsite.Christians should be concerned about...
What Christians should know about marginal tax rates
Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries inthe series seethis post. What it means: A marginal tax rate is the amount of tax paid on an additional dollar of e. The Explanation: What is the tax rate you pay on your current e? For most Americans, the question is surprisingly difficult to answer. The reason we don’t know our tax rate is because we have a progressive...
The irony of Patagonia’s tax cut ‘protest’
In response to the recentRepublican-led tax reform—which reduced corporate taxes from 35% to panies have responded by handing out surprise bonuses, increased 401(k) matches, and various wage bumps. For pany like Patagonia, however, the tax cuts have been labeled “irresponsible,” a symbol of the federal government’s reckless apathy. In response, Patagonia CEO Rose Marcario recently announced that the outdoor pany will donate its $10 million tax-cut windfall to its preferred partners in battling climate change. “Instead of putting the money...
C.S. Lewis on how the humanitarian theory of punishment threatens liberty
Over the past decade conservatives have, once again, e champions of criminal justice reform. To some this appears to be a surprising development. Why would conservatives, the self-proclaimed champions of law and order, have concern for the treatment of criminals? On reflection, though, the interest and connection es more obvious. Conservatives are concerned with how law and order leads to human flourishing, and so are necessarily troubled by a criminal justice system that is neither just nor serves the interest...
Homeschooling a parent’s choice, not the state’s
Decades ago, when I was first ordained a priest, I shared a prejudice that many people hold: I thought homeschooling families were odd. I believed schooling children at home deprived such children of opportunities to be with other children causing them to be less able municate with others, socially awkward and reclusive and narrow in their experience and understanding of the world that they would one day have to grow up in and navigate. That was until I actually met...
Toward ‘humanomics’: Deirdre McCloskey on honoring the world of human creation
In her transformative Bourgeois Era trilogy, economist Deirdre McCloskey challenged our popular theories about the causes of our newfound economic prosperity, arguing that it sprung not from new systems, tools, or materials, but rather the ideas, virtues, and rhetoric behind them. “The Great Enrichment, in short, came out of a novel, pro-bourgeois, and anti-statist rhetoric that enriched the world,” she writes. “It is, as Adam Smith said, ‘allowing every man [and woman, dear] to pursue his own interest his own...
When you mock Christianity, you’re mocking women and minorities
Last month a judicial nominee was asked during a Senate hearing if his membership in the Knights of Columbus might impede his ability to judge federal cases fairly. Senators Mazie Hirono (D-Hawaii) and Kamala Harris (D-California)both questioned Brian C. Buescher about his membership in the Catholic service organization. Hirono even asked Buescher if he would quit the group if he was confirmed “to avoid any appearance of bias.” In response to this blatant anti-Catholic bigotry, Rep. Tulsi Gabbard (D-Hawaii) wrote...
Understanding the quantity theory of money
Note: This is post #106 in a weekly video series on basic economics. The quantity theory of money states that there is a direct relationship between the quantity of money in an economy and the level of prices of goods and services sold. According to the theory, if the amount of money in an economy doubles, price levels also double, causinginflation. The consumer, therefore, pays twice as much for the same amount of the good or service. In this video...
Govt may deny homeschool families custody to teach tolerance: ECHR
The government has the right to remove children who are homeschooled from their parents’ custody if authorities believe their parents will not teach children “tolerance,” the European Court of Human Rights (ECHR) ruled last week. The Wunderlich family had claimed German authorities violated their innate human rights by denying them custody and forcibly enrolling their children in public schools to further their “social integration.” But the ECHR disagreed. Nearly three dozen police and social workers stormed the family’s home in...
A call for harmony — and a demand for truth
Pope Francis’ recent Christmas message, ‘Urbi et Orbi’, was a meditation on the roots of fraternity in the incarnation: What does that Child, born for us of the Virgin Mary, have to tell us? What is the universal message of Christmas? It is that God is a good Father and we are all brothers and sisters. This truth is the basis of the Christian vision of humanity. Without the fraternity that Jesus Christ has bestowed on us, our efforts for...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved