Merck and Wells Fargo Dump ALEC, while Duke Energy Holds Out
Merck, one of the world’s largest pharmaceutical companies, and Wells Fargo, one of the largest banks in the United States, have joined 38 other major firms and cut ties with the American Legislative Exchange Council (ALEC). ALEC is a controversial “bill mill” that brings together right-wing legislators and corporations to draft controversial model bills behind closed doors. The exit of the two firms brings the total to 40 major American firms that have departed ALEC in recent months. Meanwhile, Duke Energy, the largest regulated utility company in the United States, has not responded to recent intensified consumer pressure to dump ALEC. Beyond their membership in ALEC, all three firms have been criticized for dodging taxes from 2008-2010.