Public pension funds overseeing more than $1 trillion are piling pressure on BlackRock, the world’s largest asset manager, to ramp up disclosure of its political activities in the wake of the Jan. 6 assault on the U.S. Capitol. In a Monday letter to BlackRock CEO Larry Fink, 24 officials from retirement funds accuse the Wall…
Tag: dark money
Coca-Cola Severs Longtime Ties With Pro-Sugar Group – Bloomberg
It is very good news to see Coca-Cola stepping away from another of those dark money-funded fake front groups promoting disinformation about science. LSI was founded by a former Coca-Cola executive Alex Malaspina and has deep ties to Big Food and Soda. Coca-Cola’s decision follows other major corporations, like Mars, Inc. and Nestlé, cutting ties…
Corporations Withdraw Support for Seditious Elected Officials and Organizations – CNN
VEA Vice Chair Nell Minow is quoted in this article about corporations withdrawing support for elected officials who supported or incited the attack on the Capitol. In the past 48 hours, American Express, Marriott, Dow, Blue Cross Blue Shield Association, Morgan Stanley, Commerce Bank and others have suspended their donations to Republican lawmakers who objected…
More Disinformation from FTI Consulting — Major Fossil Fuel PR Group is Behind Europe Pro-Hydrogen Push
The recent deluge of pro-hydrogen stories in the media that tout hydrogen as a climate solution and clean form of energy can now be linked in part to FTI Consulting — one of the most notorious oil and gas industry public relations firms. According to a new report, titled The Hydrogen Hype: Gas Industry Fairy Tale or…
Fossil Fuel Giants Claim To Support Climate Science, Yet Still Fund Denial | HuffPost
More on the disgraceful disinformation campaign conducted by FTI Consulting on behalf of its fossil fuel clients, which included the creation of fake front groups, fake “information” resources, even fake social medial profiles. [D]ocuments and recordings reviewed by HuffPost show that the Independent Petroleum Association of America has spent almost $2 million a year for…
FTI axed by clients in fallout over oil industry work | Financial Times
FTI Consulting has been dumped by at least three of its clients while several global asset managers are reviewing their relationship with the business advisory and public relations consultancy, as the fallout from a media report about controversial work for the oil industry intensifies. MSCI, the ratings and index provider and CDP, a non-profit group…
How FTI Consulting Drove Influence Campaigns Nationwide for Big Oil – The New York Times
Hiroko Tabuchi of the New York Times wrote a devastating expose of the tactics used by FTI Consulting on behalf of its fossil fuel company clients, including dark money-funded fake front groups, fake “news” organizations, even a fake Facebook profile of a woman who loved farmers markets and ice cream, which they used to monitor…
Consumer Brands Support Politicians Who Oppose Reproductive Rights and Black Lives Matter: Ultraviolet
Ultraviolet identifies Coca-Cola, Disney, Uber, P&G, ATT, and Nike as corporations whose political contributions are contrary to their rhetoric about supporting women and BIPOC. [Thanks to Jim McRitchie for bringing this to our attention.] Corporate America is one of the largest supporters of anti-choice, anti-women politicians — even those who claim they are pro-woman. Some…
How utilities use secret campaigns against climate action
Federal investigators have accused Ohio’s recently deposed House speaker of running a racketeering ring. The question now is whether they will charge the utility that financed it. The case has significant implications for how corporations seek to shape public opinion on climate and energy policy. Electric utilities have joined the rush to employ dark money…
