Ted Kaczynski

Companies Challenged over Membership in ALEC and Heartland Institute

Walden Asset Management spearheads a letter-writing campaign by shareowners urging corporations to review their memberships in the controversial organizations.

Tim Smith of Walden Management was instrumental in getting Bank of America to quit ALEC.

SocialFunds.com — Following the US Supreme Court’s Citizens United decision in January, 2010, the years-long campaign by investors to pressure corporations to disclose their direct political contributions was expanded to include payments to activist trade associations like the US Chamber of Commerce. Sustainable investors and other governance advocates recognized that inconsistencies between a company’s stated position on sustainability issues and the lobbying activities of trade associations left it exposed to reputational and business risks.

Following a number of highly publicized incidents, investor concerns have now widened to include corporate membership in partisan More →

ALEC Leads Attack on North Carolina Clean Energy with Duke Funding

Corporate polluters are taking aim this year at states with renewable energy laws, starting with an attack on North Carolina’s clean energy economy by a corporate front group known as ALEC with support from Duke Energy, ExxonMobil, and Koch Industries.

NC Rep. Mike Hager: ALEC member and former Duke Energy employee.

North Carolina state Representative Mike Hager says he is confident that he has the votes needed to weaken or undo his state’s clean energy requirements during his second term. Rep. Hager is a former Duke Energy engineer and a member of the American Legislative Exchange Council, or ALEC. Duke and Progress Energy (now legally merged) have given Rep. Hager $14,500 for his last two election bids, outspent only by the NC Republican Party.

This is where ALEC makes things awkward for Duke Energy: the law that Rep. Mike Hager is targeting (2007 SB3) was created with input from Duke Energy, and Duke explicitly opposes ALEC’s “Electricity Freedom Act,” the model law to repeal state Renewable Energy Portfolio Standards (REPS). Duke Energy re-asserted its support for North Carolina’s REPS law to the Charlotte Business Journal last April and Progress Energy publicly supported the law before merging with Duke. More →