The Growing Perils of Corporate Political Involvement

Corporations are having a tough time navigating the pressure from all sides on political statements, including campaign contributions, as it is increasingly difficult to avoid offending a substantial number of customers, employees, or investors. Judd Legum continues to track corporate promises — and broken promises — about political contributions. And a number of other articles…

Proxy Season 2021

The annual webinar hosted by As You Sow on the upcoming proxy season had to build in some extra time this year. The events and upheavals of 2020 are reflected in the range and impact of this year’s shareholder proposals. As You Sow’s Andrew Behar led off with a strong statement: “If there is a…

Chevron’s Climate Lobbying Report is a Joke – The Brick House Cooperative

Sludge’s Donald Shaw calls Chevron’s report on lobbying expenditures in response to majority vote on a shareholder proposal greenwashing.. Earlier this week, Chevron quietly released its climate lobbying report. In it, the company lists its affiliations with many of the largest fossil fuel industry lobbying groups in the world and then tries to spin each…

Big companies pause their political contributions. – The New York Times

Big businesses often donate to both political parties and say their support is tied to narrow issues of specific interest to their industries. That practice became increasingly fraught last week, after a pro-Trump mob stormed the Capitol and some Republican lawmakers tried to overturn Joseph R. Biden Jr.’s win in the presidential election. A flurry…

US: Systematically Hollowing Out Democracy – The Globalist

The 2020 election cost upwards of $14 billion, according to the Center for Responsive Politics, making it not only the most expensive election in history — but twice as expensive as the previous 2016 presidential election cycle. The vast amount of money raised by campaign contributions ultimately is the most telling evidence for the cash-driven…

Dark Money: It’s Time for Boards and Institutional Investors to Act on Racial Justice

Bruce Freed of The Center for Political Accountability and Eleanor Bloxham of The Value Alliance have an important op-ed in Barron’s about the long-standing opposition of the Big 3 institutional investors – BlackRock, Vanguard and Fidelity — to shareholder resolutions calling for disclosure of political disclosure and the connection to corporate political spending that has…

Campaign contributions pay off for Ohio utilities and coal interests

Utility, nuclear and coal interests are big players in Ohio politics, giving about $3 million to Ohio political campaigns in 2018, according to data from the National Institute on Money in Politics. The industry interests have long been active politically. But just as competitive markets began coming into their own around 2010, the pattern of…