Goldman Sachs Challenged on Global Warming in Wake of ‘Climategate’

Goldman Sachs logoNLPC has filed a shareholder proposal asking Goldman Sachs to report on the science behind its embrace of global warming in the wake of the ‘Climategate’ scandal.

Goldman’s ‘climate policy’ is more than corporate public relations. In 2007, Goldman participated in the buyout of energy firm TXU. The transaction resulted in the cancelation of 8 of 11 planned coal-fired power plants after pressure from environmental activists.

It might make wealthy financiers in New York City feel good about themselves to scotch electric generation in the name of environmentalism, but it has negative consequences for ordinary people. Electricity is a basic need, like food and medical care. Cancelling plants while parts of the country face regular power shortages, and raising the cost of electricity for consumers, is positively immoral.

The supporting statement for the resolution reads:

In 2005, Goldman Sachs established its “Environmental Policy Framework,” which stated:

“Goldman Sachs acknowledges the

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Consumers Beware: Ally Bank is GMAC

Ally BankWho knew? Ally Bank is running all those TV ads belittling the “fine print” used by other banks. But as the Wall Street Journal detailed on Tuesday, the ads do not disclose that Ally is a unit of troubled GMAC  Financial Services, the former financing arm of GM, now seeking its third multi-billion taxpayer  bailout.

Ally had been offering some of the highest CD interest rates in the nation until federal bank regulators pressured Ally to reduce them. Lower rates are one thing but there is another compelling consideration when shopping CD rates. When you deposit your money with Ally, you abet the financial and auto bailouts.

Now this may not bother some people. Short-term Ally deposits are probably not at more risk than those at other FDIC-insured institutions. But if you believe that the Wall Street and automaker bailouts are an outrageous soaking of the taxpayer to … Read More ➡

Citigroup’s Eric Eve Resigns From ACORN Advisory Committee

Citi logoCitigroup has advised NLPC that Senior Vice President Eric Eve has resigned for ACORN’s Advisory Committee. In a September 28 letter to Citigroup CEO Vikram Pandit, I asked that the bank sever its relationship with ACORN, including Eve’s membership on the Committee.

In an October 29 reply, Citigroup also stated that it has “suspended our charitable financial support and program relationship with ACORN, and we are awaiting the results of the independent audit of ACORN activities now underway.”

This is ominous, and certainly leaves open the possibility of continued Citigroup support for ACORN. The “independent audit” is no such thing. It is an investigation of ACORN by itself, under the direction of ACORN ally Scott Harshbarger.

ACORN’s own description of the “audit” when it was announced on September 22, suggested that it would be something less than comprehensive:

This independent and thorough review, commissioned by the ACORN Board,

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Gingrich Must Sever Ties With Sharpton

Sharpton/GingrichIt is time for former House Speaker Newt Gingrich to end his association with Al Sharpton. The two have been appearing together around the country as part of something called the Education Equality Project.

As Dr. Carl Horowitz of our staff has documented in a Special Report released earlier this year, Sharpton has promoted fake hate crimes against blacks, and has inspired racial antagonism against whites and Jews. Indeed, this long-established pattern of behavior continues to the present.

Just last week, the purported victim of a 2007 racially-motivated attack in West Virginia recanted her story that she had been kidnapped and raped in a backwoods trailer by white men. Sharpton had championed her plight, descending on Charleston to lead an anti-hate rally, much as he rallied to the side of the accuser of the Duke lacrosse players in 2006.

Gingrich shares with Sharpton an affinity for the TV camera. Their … Read More ➡

Wal-Mart, PepsiCo Unapologetic About Bankrolling Sharpton After Rush Limbaugh/NFL Flap

Emailers protesting Wal-Mart support for Al Sharpton’s group, the National Action Network, are getting the following response:

Walmart supports the National Action Network (NAN) as part of an ongoing effort to partner with national organizations that support issues and initiatives of importance to our customers, and the communities we serve.

Our support for NAN is focused on addressing health and wellness issues and other issues important to our customers and associates. Our company will continue to support organizations that can further our mission to help people live better.

Emails to PepsiCo are getting this reply:

As a global consumer products company that serves all people, we support many not-for-profit organizations with a variety of missions. The leaders of these organizations may at times have points of view that do not necessarily represent those of PepsiCo. I want to assure you that this Company does not endorse those individual viewpoints, political

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Colgate-Palmolive Denies Supporting Sharpton Group in Wake of Rush Limbaugh/NFL Controversy

Colgate adEmailers protesting Colgate-Palmolive’s support for Al Sharpton’s group,  the National Action Network (NAN), are getting a response that reads, in part:

We did not participate in the 2009 NAN Conference in New York City.

That’s interesting, because the conference program identifies Colgate-Palmolive as a “sponsor.” Even more interesting, a Colgate-Palmolive ad in a separate program from the same event states, in part:

Colgate-Palmolive is honored to be named Corporation of the Year by the National Action Network…

Emailers do get an admission from the company that it supported NAN last year:

In April, 2008, Colgate was among almost 40 corporate sponsors of a multi-day conference in Memphis organized by the NAN commemorating Martin Luther King Jr. and celebrating his continuing legacy.

It would be pretty hard for Colgate-Palmolive to deny its 2008 sponsorship. I had a confrontation with CEO Ian Cook at the company’s annual meeting where I prodded him … Read More ➡

Sharpton’s Corporate Sponsors Funded Anti-Rush Limbaugh Campaign

Sharpton photoAl Sharpton’s platform for his assault on Rush Limbaugh’s NFL ownership bid was the National Action Network (NAN), which is bankrolled by corporate America.

The following companies were identified this year by NAN as “sponsors”: American Honda, Anheuser Busch, Colgate-Palmolive, Comcast, Entergy, Ford Motor Company, Home Depot, Johnson & Johnson, Macy’s, PepsiCo, Pfizer and Wal-Mart. Sponsorship reportedly cost $50,000.

NLPC is asking these companies to end their support for Sharpton and NAN. Here’s how to contact them:

American Honda
phone: 1-800-999-1009 (Mon.-Fri., 6:00 a.m.-5:00 p.m., Pacific Time)
Fax: 310-783-3023 (24 hours)
Click here to find your local dealer.

Anheuser Busch
email: [email protected]
1-800-342-5283

Colgate-Palmolive
Click here to send an email.
1-800-468-6502 (Consumer Affairs)
1-212-310-2000 (Corporate Headquarters)

Comcast
Email: [email protected]
1-800-COMCAST (1-800-266-2278), (24 hours a day, 7 days a week)

Entergy
Click here to send an email.  (go to “Other Questions and Comments” at bottom … Read More ➡

Sharpton Should Shut Up About Rush Limbaugh NFL Owner Bid

Sharpton coverI am not sure why Rush Limbaugh would want to own an NFL team. It is surely more fun to criticize the establishment on a daily basis than to become part of it. Leaving that aside, the last person in the world who should have a say in the matter is Al Sharpton. (The next to last is his mentor Jesse Jackson.)

Sharpton has written a letter to NFL Commissioner Roger Goodell saying the NFL should reject Limbaugh’s bid. Yesterday the New York Times actually referred to Sharpton’s group, the National Action Network, as “a civil rights organization,” demonstrating the legitimacy that Sharpton has somehow come to enjoy in recent years. Let’s see if Goodell will further elevate Sharpton’s stature by responding in a serious way.

As we documented in Special Report earlier this year, Sharpton is unapologetic about the Tawana Brawley hoax. He is a racial agitator and divider, … Read More ➡