I received the following email today from Mike Palamuso of the League of Conservation Voters asking for help in getting the SEC to issue rules requiring corporations to disclose political spending. This is an angle on the Citizens United decision that is not often addressed, which is how the decision allows corporations to secretly lobby politicians on issues that end up negatively affecting our environment :
Fight Citizens United
The Supreme Court’s disastrous ruling in the Citizens United case opened the flood gates for corporations to spend vast sums of money in support of candidates who stand with them and against the public interest.
Big Oil companies like ExxonMobil are now free to tap their vast corporate profits to support global warming deniers and other anti-environment candidates.
But did you know that the Securities and Exchange Commission (SEC) has the authority to pull back the curtain on corporations that are poised to secretly funnel millions of dollars into our elections?
As the federal agency with the job of protecting investors from corporate abuse, the SEC would be well within its authority to require that all publicly traded corporations disclose how they’re spending money in an attempt to tilt elections.
We can take back our democracy – but the SEC isn’t going to act without public pressure. Already, a record-breaking 178,000 public comments have been submitted to SEC. But we must continue to show the SEC that there is significant opposition to secret corporate political spending. And that’s where you come in.
Requiring publicly traded corporations to disclose how they’re trying to influence elections is a first step that can make a big difference in 2012. Let’s make sure that we can hold accountable the corporations – especially big polluters – that are attempting to influence the election without disclosing who they are.
Thanks for taking action,
Vice President, Communications
League of Conservation Voters
1920 L Street, NW Suite 800
Washington, DC 20036