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…
Tag: dark money
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…
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…
The Rise of Anti-ESG Shareholder Proposals | Morningstar
Ruth Saldana reports on a concerning number of “anti-ESG” shareholder proposals filed by politically conservative groups, chief among them the National Center for Public Policy Research (funded by ultra-right groups including the Marcus, Scaife, and Coors foundations and a promoter of climate change denial and disinformation about January 6 ) and the National Legal and…
Warning: The “Corporate Citizenship Project” is Another Astroturf Fraud
As VEA Vice Chair Nell Minow wrote about the so-called (and now defunct) “Main Street Investors Coalition” on the Harvard Law School Forum on Corporate Governance, “the more folksy or patriotic the name of the group, the more likely that it is funded by people who are promoting exactly the opposite of what it is…
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