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More than half of all Major League Baseball teams are sponsored by companies that are exacerbating the climate emergency and the financial institutions that support them.
Millions of Americans were buoyed by the return of Major League Baseball (MLB) this spring. For the 50% of adults who follow the sport, it can serve as a welcome distraction given the dire news coming out of Washington these days.
But political reality can intrude even on the national pastime. It turns out that at least 17 of the 30 MLB teams are sponsored by companies that are exacerbating the climate crisis and the financial institutions that support them.
It’s called sportswashing, a riff on the term greenwashing. Companies sponsor leagues and teams to present themselves as good corporate citizens, increase visibility, and build public trust. According to a 2021 Nielsen study, 81% of fans completely or somewhat trust companies that underwrite sport teams, second only to the trust they have for friends and family. By sponsoring a team, companies increase the chance that fans will form the same bond with their brand that they have with the team.
Baseball club owners are much more concerned about their bottom line than their sponsors’ climate impacts.
Baseball teams are not alone in their pursuit of petrodollars. At least 35 U.S. pro basketball, football, hockey, and soccer teams have similar sponsorship deals that afford companies a range of promotional perks, from billboards and jersey logos to community outreach projects and facility naming rights, according to a survey conducted last fall by UCLA’s Emmett Institute on Climate Change and the Environment. U.S. sports leagues and teams also partner with banks and insurance companies that invest billions of dollars annually in coal, oil, and gas companies, all to the detriment of public health and the environment.
Most baseball aficionados are likely unaware that their favorite team is going to bat for the very companies and banks that are destroying the climate, but a growing number of fans in New York and Los Angeles are calling out the Mets and Dodgers, demanding that they sever their ties to the fossil fuel industry. And once they know, will fans in other MLB cities remain on the sidelines?
Oil, gas, and coal are largely responsible for the carbon pollution driving up world temperatures and triggering more dangerous extreme weather events. Last year was yet another record hot year, and the last 10 years have been the hottest in nearly 200 years of recordkeeping, according to the World Meteorological Organization. Those warmer temperatures certainly played a role in producing the 27 weather and climate disasters in the United States last year that caused at least $1 billion in damages, one less than the record set in 2023. And just this week, violent storms and tornadoes ripped through a swath of the nation’s midsection in what The Associated Presssaid could be a “record-setting period of deadly weather and flooding.”
Regardless, baseball club owners are much more concerned about their bottom line than their sponsors’ climate impacts. But with today’s annual MBL payrolls averaging $157 million, it is not hard to understand why teams pursue corporate sponsorships.
The team with the highest payroll—the Los Angeles Dodgers at $321 million—has a longtime partnership with Phillips 66, owner of 76 gas stations, whose orange-and-blue logo hovers above both Dodger stadium scoreboards and is scattered throughout the facility. Phillips 66, which also sponsors the St. Louis Cardinals, is among the top 10 U.S. air and surface water polluters in total pounds, according to the 2024 edition of Political Economy Research Institute’s “Top 100 Polluter Indexes,” and the 14th-largest carbon polluter, emitting 30.2 million metric tons in 2022.
Arco, owned by Marathon Petroleum, also advertises in Dodger Stadium. The country’s largest oil refiner with more than 7,000 Marathon and Arco gas stations nationwide, Marathon Petroleum is among the top 20 air, surface water, and carbon polluters in the country, according to PERI’s 2024 report, and the company and its subsidiaries have been fined more than $900 million for federal environmental violations since 2014.
The Findlay, Ohio-based company has been one of the Cleveland Guardians’ major corporate sponsors since 2021, and the team has been wearing Marathon Petroleum’s logo on their sleeves since the summer of 2023. The logo also enjoys prime placement in the Guardians’ ballpark and, as part of the uniform patch agreement, it is featured on the souvenir jerseys given to fans on two game days every season through 2026.
The Guardians are not the only team that has inked an oil patch deal. The Houston Astros (Oxy), Kansas City Royals (QuikTrip gas stations), and Texas Rangers (Energy Transfer) also display oil industry logos on their sleeves.
Both Oxy—Occidental Petroleum’s nickname—and the Astros’ other oil industry sponsor, ConocoPhillips, are headquartered in Houston, home to more than 400 oil and petrochemical facilities and among the 10 worst places in the country for air pollution. Occidental is one of the top 30 U.S. air polluters, 40 surface water polluters, and 60 carbon emitters, releasing 10.5 million metric tons of heat-trapping gases in 2022, according to PERI’s 2024 report. ConocoPhillips, meanwhile, came in 88th in PERI’s top 100 carbon polluters list.
Fossil fuel-based utilities also partner with MLB teams. Detroit’s local electric utility DTE, for instance, sponsors the Tigers. More than 40% of DTE’s electricity comes from coal, another 26% comes from fossil gas, and only 12% comes from wind and solar. Although the company is committed to reducing its reliance on coal over the next decade, it plans to replace it with fossil gas, not renewables.
Seven teams—and the league itself—have commercial tie-ins with financial institutions that have major fossil fuel industry investments.
The Milwaukee Brewers wear Northwestern Mutual patches on their sleeves. As of last year, the insurance company had $12.17 billion invested in 146 fossil fuel companies, including ExxonMobil, Marathon Petroleum, and Shell, according to a 2024 report by the German environmental nonprofit Urgewald. Meanwhile, the Toronto Blue Jays’ patch sponsor, TD Bank, had nearly twice that amount invested in fossil fuels last year. The Toronto-based bank sunk $21.37 billion in 201 fossil fuel companies, including ExxonMobil and Chevron, which, by the way, sponsors the Sacramento Athletics and San Francisco Giants.
The Washington Nationals partner with Geico, which underwrites a mascot race featuring U.S. presidents running around the outfield warning track every home game. Geico is a wholly owned subsidiary of Berkshire Hathaway, a multinational conglomerate that, as of last year, had investments of a whopping $95.8 billion in Chevron, Occidental Petroleum, and six other fossil fuel companies.
The other four teams—the Braves, Diamondbacks, Mets and Pirates—have lucrative, multiyear stadium-naming-rights agreements with oil-soaked banks.
Finally, official MLB sponsors include two insurance companies—the aforementioned Berkshire Hathaway subsidiary Geico and New York Life—that have sizeable fossil fuel portfolios. Last year, New York Life had investments of $11.76 billion in 234 companies, including Duke Energy and the Southern Company.
Last June, United Nations Secretary-General António Guterres castigated coal, oil, and gas companies—dubbing them the “godfathers of climate chaos” for spreading disinformation—and called for a worldwide ban on fossil fuel advertising. He also urged ad agencies to refuse fossil fuel clients and companies to stop taking their ads. So far, more than 1,000 advertising and public relations agencies worldwide have pledged to refuse working for fossil fuel companies, their trade associations, and their front groups.
Major League Baseball is behind the curve, but fans, environmentalists, and public officials in New York and Los Angeles are trying to bring their teams up to speed.
Two years ago, a coalition of groups joined New York City Public Advocate Jumaane Williams to urge Mets owner Steven Cohen to change the name of Citi Field. “Citi doesn’t represent the values of Mets fans or NYC,” Williams wrote in a tweet. “If they refuse to end their toxic relationship with fossil fuels, the Mets should end their partnership with Citi.”
Activists in New York and Los Angeles are hoping that more public officials—and more fans—will step up to the plate and pressure the teams to do the right thing.
Last summer, the groups that led the effort to persuade the Mets to drop Citigroup, including New York Communities for Change, Stop the Money Pipeline, and Climate Defenders, targeted Citigroup directly with their Summer of Heat on Wall Street campaign calling on the company to stop financing fossil fuels altogether.
In Los Angeles, more than 80 public interest groups, scientists, and environmental advocates signed an open letter last August calling on the Dodgers to cut its ties with Phillips 66. “Using tactics such as associating a beloved, trusted brand like the Dodgers with enterprises like 76,” the letter states, “the fossil fuel industry has reinforced deceitful messages that ‘oil is our friend,’ and that ‘climate change isn’t so bad.’” Since then, more than 28,000 Dodger fans have signed the letter, and last week the Sierra Club’s Los Angeles chapter held a rally outside of Dodger Stadium on opening day demanding that owner Mark Walter end his team’s Phillips 66 sponsorship deal.
The campaign has received support from some local public officials. Lisa Kaas Boyle, a former deputy district attorney in Los Angeles County’s environmental crimes division, was quoted in a L.A. Sierra Club press release in January. “Booting Big Oil out of baseball is up to the fans, because team owners won’t take responsibility,” she said. “This isn’t abstract. Bad air quality from wildfires has forced MLB teams to move games, a hurricane ripped the roof off of [Tampa’s] Tropicana Field, and the Dodgers had to give out free water in 103°F heat last summer. It’s almost becoming too hot to watch at Chavez Ravine.”
State Sen. Lena Gonzalez (D-33), a lifelong Dodger fan, also endorsed the campaign. “Continuing to associate these [fossil fuel] corporations with our beloved boys in blue is not in our community or the planet’s best interest,” she recently told the City News Service, a Southern California news agency. “Ending the sponsorship with Phillips 66 would send the message that it’s time to end our embrace of polluting fossil fuels and work together toward a cleaner, greener future.”
Such entreaties, thus far, have been ignored. Both the Mets and the Dodgers have balked at the idea of intentionally walking away from sponsorships worth millions. But activists in New York and Los Angeles are hoping that more public officials—and more fans—will step up to the plate and pressure the teams to do the right thing. As that baseball sage Yogi Berra astutely pointed out, “It ain’t over till it’s over.”
This column was originally posted on Money Trail, a new Substack site co-founded by Elliott Negin.
Major insurers are denying legitimate claims following extreme weather events while underwriting fossil fuels and lining their CEOs’ pocketbooks.
Do you know that you’re in good hands with Allstate? Or how about State Farm? Do you know that, like a good neighbor, State Farm is there? Of course you do. Insurance companies have been blasting slogans like these at us for years now. In 2022 alone, Allstate spent $617 million on advertising. State Farm spent an even more whopping $1.05 billion.
But if insurance giants like State Farm truly rated as our “good neighbors,” they’d be behaving—in real life—quite a bit differently than their award-winning advertising suggests.
In hurricane-plagued Florida, for instance, State Farm last year denied 46.4% of homeowner claims, refusals that directly impacted over 76,000 households.
Another reform approach might more quickly catch the attention of top insurance industry boards of directors: tying an insurance company’s tax rate to the ratio between that company’s CEO pay and the paychecks of the firm’s workers.
“Property insurers who deny legitimate claims,” notes Martin Weiss, the founder of the nation’s only independent insurer rating agency, “are sending the implicit message, ‘If you don’t like it, sue us.’”
To add injury to that insult, Weiss adds, Florida Gov. Ron DeSantis had just before last year signed into law new legislation that makes policyholder lawsuits against insurers “far more difficult.”
For recently retired State Farm CEO Michael Tipsord, insurance industry lobbying victories along that Florida line have helped him pocket some stunning personal rewards. Tipsord pulled down $24.4 million in compensation two years ago, almost $4 million more than his industry’s second-highest 2022 CEO pay total. Tipsord had pocketed even more, $24.5 million, in 2021.
“CEOs are living high on the hog while increasing insurance premiums for people living paycheck to paycheck,” the Consumer Federation of America’s Michael DeLong charged last October. “Insurers are telling regulators that ordinary consumers have to pay much more for auto and home insurance because the companies are struggling with inflation and climate change, but they are quietly handing CEOs gigantic bonuses.”
Overall, DeLong’s Consumer Federation reports, the chief execs at America’s ten largest personal insurance lines collected over a quarter-billion dollars in CEO compensation for their services in 2021 and 2022.
If we really had a “good neighbor” at State Farm—or any other insurance giant—those companies wouldn’t have been spending recent years denying relief to the victims of climate change. They would have been insisting instead that lawmakers crack down on the fossil-fuel corporate giants doing so much to foul our planet.
Top insurers did make an early feint in that direction over a half-century ago. Way back in 1973, notes Peter Bosshard, the global coordinator of the U.S.-based Insure Our Future campaign, “the insurance industry first warned about climate risks.” But that warning, in the years to come, wouldn’t stop insurers from “underwriting and investing in the expansion of fossil fuels.”
Giant insurance companies that actually took climate science seriously, Bosshard observes, would have been “suing fossil fuel companies, to make polluters pay for the growing costs of climate disasters and keep insurance affordable for climate-affected communities.”
Insurers haven’t been doing any of that.
”Insurers talk a lot about their climate commitments and supporting their clients through the energy transition, but this is plain greenwashing,” charges Ariel Le Bourdonnec, a Reclaim Finance insurance activist. “They are still profiting from providing cover that allows companies to develop new fossil fuel projects. Insurers could be a force for change, but instead they are undermining climate action.”
Other critics are emphasizing that insurance industry execs have gone beyond “greenwashing” to “bluelining,” as Lilith Fellowes-Granda, a Center for American Progress associate director, points out. These execs are increasing prices and withdrawing services “from regions they perceive to be at high environmental risk.” These moves typically hit hardest on the “communities most vulnerable to the effects of climate change.”
Climate activists are advocating for a variety of policy changes to reverse these dynamics, everything from making sure property insurers must share the risks they cover to ensuring underserved communities access to affordable insurance.
Another reform approach might more quickly catch the attention of top insurance industry boards of directors: tying an insurance company’s tax rate to the ratio between that company’s CEO pay and the paychecks of the firm’s workers.
Inside the insurance industry, as in every other major U.S. economic sector, that ratio between CEO and worker has soared over recent decades.
In 2023, the chief executive at Chubb Ltd., Evan Greenberg, took home $27.7 million, enough to make him that year’s top-paid American property and casualty insurer. Those millions added up to 452 times more than the annual pay of the typical Chubb employee. In 2022, Greenberg pocketed a mere 346 times his company’s typical employee pay.
Back in 1965, the Economic Policy Institute noted last month in its latest annual CEO pay report, the top execs at major U.S. corporations only averaged 21 times what typical American workers earned. Nearly a quarter-century later, in 1989, CEOs were still only averaging 61 times worker pay.
How could we restore greater equity to corporate compensation and, at the same time, give top corporate executives an incentive to care about more than simply maximizing their own personal compensation? Lawmakers at the state and federal levels have over recent years advanced dozens of proposals that tie corporate tax rates to the size of the gap between top executive and worker pay.
In all these proposals, the higher a corporation’s CEO-worker pay ratio, the higher that corporation’s tax rate.
The Institute for Policy Studies has compiled an exhaustive guide to these CEO-worker pay gap proposals. Maybe the winds of Hurricane Milton will help give these moves the momentum they need to turn into law—and give top execs a reason to care about something more than the size of their own personal pay.
"The planet is running out of time and the banks are running out of excuses," said climate leader Bill McKibben.
A coalition of more than 240 advocacy groups on Wednesday launched a "Shareholder Showdown" campaign in support of shareholder resolutions urging climate action and respect for Indigenous rights at major U.S. and Canadian banks and insurance companies.
According to campaign coordinator Stop the Money Pipeline, the resolutions—which were filed by investors including the New York City and state pension funds, Sierra Club Foundation, and others—would require banks and insurance companies to "phase out their financing of companies engaged in fossil fuel expansion, report on projects that could violate Indigenous rights, use absolute emissions rather than emissions intensity targets, disclose 2030 transition plans, and hold directors accountable at banks that are not aligned with 1.5°C pathways."
The resolutions were timed to precede the companies' annual general meetings.
"This campaign is called Shareholder Showdown because we're in for a real fight—we're up against some globally powerful institutions," Arielle Swernoff, Stop the Money Pipeline's U.S. banks campaign manager, explained in an opinion piece published Wednesday by Common Dreams. "But organized people can achieve anything, and together we will stop the flow of money to fossil fuels and climate destruction."
\u201cToday we\u2019re launching our new campaign: #ShareholderShowdown! \n\nThis spring: banks + insurers will have their annual shareholder meetings, where they'll vote on resolutions needed to keep global warming below 1.5\u00b0C\u2026or decide to keep business as usual. \ud83d\udcb0\ud83d\udd25\n#StoptheMoneyPipeline\u201d— Stop the Money Pipeline (@Stop the Money Pipeline) 1677684715
Bill McKibben, co-founder of the climate group 350.org, said in a statement that "the planet is running out of time and the banks are running out of excuses—everyone from the pope to the secretary-general of the [United Nations] have called on them finally to act with clarity and conviction to help with the planet's greatest crisis, and shareholders should demand no less."
Among the resolutions filed are:
"Climate change is an existential crisis that can overwhelm a person in scale and size, impossible to address," said Tara Houska of the Giniw Collective, an Indigenous women and two-spirit-led frontline resistance group fighting fossil fuel projects like Line 3 in Minnesota.
"Big bank shareholders possess an enormous amount of influence on the world's emissions," Houska added. "A roomful of people can impact the disastrous course we are currently on. No more lip service or empty greenwashing—we need action, now."