Companies, Trade Groups, and Climate Change: Why We Need an SEC Rule on Corporate Political Disclosure
This blog post is cross posted from the Union of Concerned Scientists.
Today marks the 4th anniversary of the Supreme Court’s landmark decision in Citizens United v. Federal Election Commission. But the decision–which opened the floodgates to unlimited corporate political spending–isn’t just of interest to political and legal scholars. If you care about science-based policy, you also have a dog in this fight.
If you’ve been following climate action (and inaction), you’ll know the familiar actors known to spread misinformation about climate science and block progress on policy initiatives to address climate change.The Exxon Mobils and the Koch Brothers of the world are now household names. But in recent years, another set of players have come onto the field in a bigger way. Not corporations and billionaires butdark money groups, including trade and business associations and think tanks. Dark money groups are so called because their funding sources are unknown. Such groups have tax-exempt nonprofit status and thus, are not legally required to disclose their donors. This allows companies and individuals to fund climate-policy-blocking groups without the actions being affiliated with their name.Read more