I grew up with the attitude that wealth was measured by whether the sun was shining and the fish were biting and whether my belly was full and the family larder stocked with canned vegetables and fruit as well as fresh meat and poultry raised on our tiny 80-acre farm in Michigan. To quote Dylan Thomas: “And the sabbath rang slowly / In the pebbles of the holy streams.” Certainly there were items and conditions we desired, desires often unmet but with little or no detriment to my siblings and me. When one of us would watch a TV commercial, and lament the absence of any given material possession in our respective lives, our mother would tell us: “If ifs and buts were fudge and nuts we’d all have a Merry Christmas.” For his part, dad would say: “If wishes were horses, beggars would ride.”
These phrases also hold true when applied to the repeated proxy shareholder resolutions of the Interfaith Center on Corporate Responsibility. If both my parents still were alive, and the figurative Fern Hill of my youth once again in their possession, I’d suggest to the religious investors of ICCR hold a retreat on the premises. My parents could’ve instructed the good nuns and clergy that their “ifs and buts” and “wishes” related to reducing carbon emissions, if successful, would make energy beggars of us all, reduced to riding horses or bicycles.
Although recent reports indicate U.S. households will spend an estimated average $550 less on gasoline in 2015, ICCR seems to say while endeavoring to drive up energy costs by demanding economically indefensible measures. Among ICCR’s current efforts is backing the Environmental Protection Agency’s proposed Clean Power Plan, which aims to cut 30 percent of emissions by electric power plants. (more…)