Across the country, the battle rages over sustainable investing, with more than $500 billion pouring into climate and socially conscious investments in 2021, according to JPMorgan Chase. Conservative groups have sought to use public pension plans and state and local bond offerings to freeze out selected financial institutions. Those groups say they are simply trying…
Tag: ALEC
CEOs Sticking With ESG Despite ALEC and Other Efforts to Stop It
The American Legislative Exchange Council has been pushing a bill on state legislatures to combat ESG investors, and some 17 states have either considered or enacted a version of it. Anti-ESG groups are also pushing more shareholder initiatives this year.But here’s the thing: I still can’t find a big company that is backing off its ESG…
ALEC Is Driving Laws to Blacklist Companies That Boycott the Oil Industry | The Nation
As we have said many times before, corporate executives love to extol the purity of the free market until they do not like the outcome. And fossil fuel companies would rather spend the shareholders’ money promoting climate change denial and interfering with market assessments of the inevitability of their decline than actually transitioning to a…
Quit ALEC: 320 Groups Call on CEOs to Quit the Controversial Lobbying Group
Common Cause, Fair Fight Action, and over 300 organizations penned a letter demanding large corporations, including Anheuser-Busch, Blue Cross Blue Shield Association, CenturyLink, Eli Lilly, UPS, FedEx, Oracle, State Farm, Raytheon, Salesforce, Pfizer and others, cut financial ties with the American Legislative Exchange Council (ALEC) over its support of voter suppression legislation throughout the country….
Ford Becomes Latest Corporation Dumping ALEC and Its Climate Denial
Ford Motor Company confirmed to the Center for Media and Democracy (CMD) that it is cutting ties with the American Legislative Exchange Council (ALEC), an organization that has drawn heavy criticism for promoting climate change denial and for opposing the development of renewable energy sources. "As part of our annual budget review, we have adjusted…
ValueEdge Advisors 