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Agenda (a Financial Times service): GE Opens Its Books on Political Spending

General Electric announced it would become more transparent – starting this month – by disclosing any contributions it makes to so-called social welfare organizations, a category of nonprofit groups that often sponsor campaign outreach and political attack ads. GE agreed to the array of new policies as a result of a shareholder resolution and negotiations with Investor Voice.

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Press Release: General Electric Embraces Broader Disclosure of Political Spending – Dialogue Spurred by Shareholder Engagement

For the first time, GE has agreed to robust disclosure of payments made to trade associations and secretive “social welfare” organizations, also known as 501(c)(4) groups – payments that might be used for election-related purposes. Investor Voice filed a shareholder proposal in September that urged the company to embrace greater transparency by disclosing such payments.

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Investor Voice Celebrates Exxon’s Exit from ALEC Over Climate Policy

Exxon Mobil Corporation has quit the American Legislative Exchange Council (ALEC) after a disagreement with the business group over climate change. This is a positive step. But it must not stop there. We urge Exxon management to cancel its memberships in any and all industry groups that deny the scientific consensus on climate change or advocate against meaningful climate action. And we encourage Exxon to accelerate its efforts to combat climate change and lead the energy industry toward a fossil-free future.

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