FirstEnergy Shareholders Vote Against Proposal for Disclosure of Lobbying Activities and Membership Payments
The shareholder activist stated the inadequate disclosure by FirstEnergy, combined with its active lobbying against the Clean Power Plan, present significant risks to investors.
Sisters of two Catholic religious orders that own Duke Energy stock want full disclosure of lobbying activities, but the board and shareholders rejected the proposal.
Now that countries have signed the Paris Agreement, global investors are warning utility companies that they must now act.
Utility companies including the industry's trade association, Edison Electric Institute, have worked to stop the rules and continue to fund organizations focused on overturning the rules.
This briefing outlines the studies frequently used by special interests, details who has been paid or consulted in the production of these reports, and exposes the front groups involved in circulating the reports.
Sixteen states, led by West Virginia, have requested that the U.S. Environmental Protection Agency stay the final Clean Power Plan rule.