From VEA Vice Chair Nell Minow: I’m sure BlackRock CEO Larry Fink’s response to the obnoxious, accusatory, misleading, letter he received from 19 Republican state attorneys general will be measured, diplomatic, and thoroughly lawyered over. He will hope to mollify them to continue to be able to do business with the government pension funds. That is only…
Category: dark money
WSJ Gets Duped on Fake News ESG “Study”
The Wall Street Journal was either duped or disingenuous in an op-ed from Vivek Ramaswamy (author of anti-ESG book Woke, Inc.) and Riley Moore (Treasurer of coal-economy West Virginia) about a study giving bad grades to pension funds and fund managers for supporting the proxy contest at ExxonMobil in 2021. See below: Insight ESG Energy is…
The billionaires buying the midterm elections
Two primary super PACs seek to establish Republican majorities in the Senate and House — the Senate Leadership Fund (SLF) and the Congressional Leadership Fund (CLF). Those two groups, which can accept unlimited donations, collectively raised $188.3 million through March 2022. Nearly half of the money, $89.4 million, has come from just 27 billionaires, according…
The GOP Is the Party of Gruesome Oil Profiteering | The Nation
“Investor pressure to maintain capital discipline” is a nice way of referring to putting profits ahead of the public good. And that’s precisely what the oil companies are doing. “Big Oil executives are bragging to shareholders about price gouging families at the pump,” said [California Representative Katie] Porter. “They’re purposely keeping supply low to earn…
Shareholder Proposal at Home Depot on Political Spending Contrary to Stated Policies
A Home Depot shareholder proposal has been submitted to the SEC requesting that the company publishes a report, at least annually, “analyzing the congruence of political and electioneering expenditures during the preceding year against publicly stated company values and policies.” A proxy memo in support of the proposal from Tara Health Foundation cites data from…
AT&T Shareholder Resolution Calls Out PAC Spending ‘Incongruent’ With Stated Values Following Mass Donations to Anti-Democratic Lawmakers – Accountable.US
An AT&T Inc. shareholder resolution has been recently submitted criticizing the company’s “politically focused expenditures” that “appear to be misaligned with its public statements on Company values, views, and operational practices.” The resolution – which the AT&T Board of Directors “unanimously recommends” shareholders vote against during a May 19th shareholder meeting – cites research from…
Dark Money from the US Now Polluting the UK
Investigative reporting by Open Democracy found that a Koch-funded dark money organization has now extended its reach to the UK. Shadow climate secretary Ed Miliband said: “US right-wing groups with links to big oil are desperate to stop action against the climate crisis. Now they are trying to extend their reach into UK political debate.”…
GOP Pushes to Outlaw Divestment
Once again, we see those who love to rhapsodize about the purity of the free markets working to disrupt and distort the free market with subsidies. Donald Shaw of The Lever reports on political initiatives to make divestment of fossil fuel companies illegal. Republican state and federal lawmakers, their campaign coffers filled with fossil fuel…
Anthem, Eli Lilly, Walmart and more quietly funnel millions to national group behind regressive state laws — Popular Information
A political group supported by Walmart, Eli Lilly, Anthem, and other major corporations is behind the new avalanche of repressive laws. As usual, these initiatives are contrary to the corporations’ express statements of encouragement for women, minorities, and the LGBTQIA communities. Republican state legislators across the country have embraced an aggressively regressive agenda, targeting the…
Hiltzik: Disney loses its grip over Florida politicians – Los Angeles Times
DeSantis and his fellows are threatening to revoke Disney’s near-dictatorial control over the 43-square-mile site of Walt Disney World and its related theme parks and resorts outside Orlando, the product of a deal that Florida’s then-Republican governor, Claude Kirk, signed into law in 1967. Is this threat plausible? That hinges on the question of whether…
valueedgeadvisors.com 