Home
/
RELIGION & LIBERTY ONLINE
/
Vice, Virtue, and Shareholder Activism
Vice, Virtue, and Shareholder Activism
Jun 25, 2025 4:57 AM

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
Acton Commentary: Contagious Community
In this week’s Acton Commentary, “Contagious Community,” I look at the positive as well as the negative aspects of coordination and cooperation between human beings on a global scale. The film Contagion provided the occasion for these reflections, and I argue that while the film is clear about the dangers of globalized human relationships, it also teaches a more subtle lesson. Even as disease represents a danger that can have worldwide impact, such dangers remain the exception rather than the...
Fr. Z Reviews “Defending the Free Market”
Fr. John Zuhlsdorf has reviewed Defending the Free Market: The Moral Case for Free Economy at his popular blog, “What Does the Prayer Really Say”. This is a timely book, given that we are in a crucially important election cycle in the USA. Profoundly different visions are on ballot in November. A major dimension of the different visions involves contingent choices concerning the economy, and therefore jobs, entitlements, etc. In the last chapter Sirico describes the fictive homo economicus, a...
A Liberal Wolf in Communitarian Clothing
The problem munitarianism, claims Bradley C. S. Watson, is that it views religion as an instrumental good and individual virtue as destructive: es to sight as a movement that sees, far more clearly than liberalism, that the private sphere and private goods are rooted in, and in turn have an effect on, public goods. President Clinton, as a “new” Democrat, has effectively enlisted the intellectual backing of munitarian theorists in his efforts to distance himself and his party from the...
Valuing Innovation, Not Smallness
Back in February I argued that since bias is inherent in institutions we should encourage the government to be biased toward entrepreneurship and away from corporatism. The result of such a bias would be to favor newer—and presumably smaller—businesses over more established—and presumably larger—ones, thereby reducing the levels of regulatory capture and crony capitalism (at least in theory). An implicit assumption in my post was that we should value small businesses. But Veronique de Rugy had made pelling case against...
The Daily Caller Interviews Rev. Sirico
Over on The Daily Caller, Jamie Weinstein has an interview with Rev. Robert A. Sirico, President of the Acton Institute, about his new book, Defending the Free Market: The Moral Case for a Free Economy: What is the moral case for capitalism? The moral case for a free economy (I prefer this phrase over the word “capitalism” which is far too narrow and has Marxist roots) is to be found in human nature: the very reality that all people related...
What Happens When ‘Free’ is Unaffordable?
As I noted yesterday, I’m in Montreal for the next couple of weeks, and today I had the chance to see some of the student protests firsthand. These protests have been going on now for over three months, and have to do with the raising of tuition for college in Quebec. I’m teaching at Farel Reformed Theological Seminary, which is located in the heart of downtown Montreal, and is adjacent to Concordia University. As I walked around earlier this week,...
Q&A with Stephen Grabill
Are you attending the 2012 Acton University conference? If so, I can only hope that you are as excited as I am about all of the wonderful things we have planned for the event. To get your mind in gear for the conference, why not participate in a Q&A session with a member of Acton’s staff? On Wednesday May 30 at 6:00pm ET, we will be organizing an AU Online Q&A session with Dr. Stephen Grabill, director of Programs and...
Audio: Defending the Free Market
Rev. Robert A. Sirico, President of the Acton Institute, continues to make appearances in the media to promote his new book, Defending the Free Market: The Moral Case for a Free Economy. Today’s appearances include an guest spot this morning on the voice of the Mid-Ohio Valley, WMOV, on WMOV Live with Greg Gack: [audio: Father Robert was also in-studio today with G. Gordon Liddy, broadcasting nationwide from Washington, D.C.: [audio: You’ll also be able to listen to Rev. Sirico...
What Does the Bible Say About Income Inequality?
e inequality has been around as long as humans have had es, yet over the past year it has been presented as one of our economy’s greatest injustices. With so much shoddy zero-sum reasoning being presented, it’s refreshing to find an economist who can apply both sound economic and Biblical thinking to the topic. Anne Bradley, Vice President of Economic Initiatives at the Institute for Faith, Work & Economics, has a blog series summarizing her research report, “Why Does e...
Media Blackout Regarding Catholic Lawsuit
Prominent Catholic leaders, including Acton President and Co-founder Fr. Robert Sirico, are speaking out against the deliberate withholding of news regarding the Catholic lawsuit versus the Obama Administration. ABC World News and NBC Nightly News have given the lawsuit no coverage, and CBS Evening news had 19 seconds of coverage, according to NewsBusters.org. Here are Fr. Sirico’s thoughts: The Obama Administration’s assault on religious liberty has united the Catholic Church in a way no one thought possible. Among those suing...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved