Shine a Light on Corporate Political Spending
Recent UCS research found that many companies obstruct climate action through their trade and business associations with no disclosure and accountability to policy makers, the public, or even their own shareholders. Given the enormous influence trade groups can have over policy decisions, this lack of disclosure is dangerous. It allows corporations to delay or block policies to address climate change—and even allows them to publicly misrepresent climate science—with little to no scrutiny.
The public deserves to know who is influencing policies that affect our health and safety. The proposed Securities and Exchange Commission (SEC) rule is an essential step to do just that.
The SEC rule would require publicly traded companies to disclose more about their political spending, including their support for trade and business associations. This rule has already garnered strong support, receiving nearly 700,000 positive public comments —more than any other rule the agency has proposed—from citizens, investors, and others concerned about the lack transparency in how these dollars are being spent. Not surprisingly, however, trade groups are pressuring the SEC to drop consideration of the rule—including the U.S. Chamber of Commerce, which has more than 99 percent of its board member companies able to drive policies without accountability.
Help amplify the demand for transparency in policy making and urge the SEC to prioritize passage of this disclosure rule.
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Comment on File Number 4-637
Sincerely,[Your Name] [Your Address] [City, State ZIP]