by Steve Milloy, E&E Legal Senior Policy Fellow and Founder

The U.S. Securities and Exchange Commission (SEC) has denied electric utility Exelon’s bid to exclude from its proxy statement and annual meeting Steve Milloy’s shareholder proposal on child labor in the electric vehicle supply chain. There is also a Politico report on my shareholder proposal today.

As reported by in “Mean and Unclean: Electric Cars Powered by Child Labor in Africa,” the EV market is heavily dependent on brutal child labor. U.S. electric utilities, like Chicago-based Exelon Corp., plan to profit from these exploited children by promoting electric car use (and charging) in the US.

On November 18, 2020, Steve Milloy filed a shareholder proposal (below) with Exelon, requesting that the utility report on the extent to which its business plans involve or rely on child labor outside the US. The proposal would allow shareholders to vote on whether they want the company to do such report. The vote would occur at the company’s annual meeting of shareholders.

Read more.