NY: More companies to release political spending - DC News FOX 5 DC WTTG

NY: More companies to release political spending

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ALBANY, N.Y. (AP) - Snapple, Harley-Davidson and Southwest Airlines are among the Fortune 500 companies that are agreeing to disclose more information about spending on political causes.

A month ago, PepsiCo agreed to the disclosures sought by New York state Comptroller Thomas DiNapoli.

DiNapoli had been using his authority as the trustee of New York's $152 billion pension fund to pressure companies into giving its shareholders more information about the money it spends on lobbying and other political activities.

He said Tuesday he gained agreements from Dr Pepper Snapple Group, Plum Creek Timber Co., Noble Energy, Southwest Airlines and Harley-Davidson. The pension fund has millions invested in the companies.

DiNapoli says shareholders have a right to know how corporate funds are used.

He had reached agreements with 10 other companies in recent years.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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