Exelon, a major utility, was a key player in advancing Obama’s cap-and-trade energy policy.
The Chicago based company was lobbying hard for legislation aimed at significantly reducing carbon dioxide emissions.
The company also received a $200 million grant from President Obama’s stimulus plan.
At Exelon’s annual shareholder meeting on April 2nd, Tom and I urged the company to abandon its crony capitalism business strategy, including giving the stimulus money back to taxpayers.
Read the press release from the National Center for Public Policy Research: Shareholder Activists Applaud Retirement of Crony Capitalist