PepsiCo halts all political donations

Friday, 15. January 2021 14:59

PepsiCo Inc announced on Friday it decided to suspend all donations from its political action committee (PAC), joining dozens of companies that halted in some way political givings after last week’s violence in the Capitol.

The company’s representative stated that "the peaceful transfer of power is a keystone of the American democratic process, and we categorically denounce the violence last week that attempted to disrupt this process. In light of these events, we are suspending all political contributions while conducting a full review to ensure they align with our company’s values and our shared vision going forward."

According to the Center for Responsive Politics, Pepsi’s PAC spent $140,000 within this election cycle.

Related Links: PepsiCo Inc.
Author:
Breaking the News / TF