Warren Buffett doesn’t want to disclose his companies’ climate risks
Berkshire Hathaway’s board of directors is opposing a proposal from major shareholder groups that the company publish an annual report disclosing the climate risks it faces, even as the company’s...
Major investors find electric utilities are not on track to meet decarbonization goals
Electric utilities are failing to align their businesses with the Paris climate agreement goals and investors’ expectations, according to a new scorecard of major emitting companies. The Climate Action 100+...
Basin Electric faces growing pressure on coal from co-ops, insurers, and banks
Coal-heavy power supplier won’t let its member cooperatives leave, which one co-op calls a “financial suicide pact”
Peabody pushes coal carbon capture through front groups, industry associations, PR and lobbying efforts
A coal industry front group funded by Peabody Energy and the state of Wyoming successfully urged the Department of Energy to fund a study proposing a carbon capture project at...
Petra Nova carbon capture project stalls with cheap oil
The project captured 7% of the carbon dioxide emissions generated by NRG’s W.A. Parish Generating Station, suffered frequent outages, and led to significant losses for investors
Utilities that operate coal plants in the Western U.S. face growing water supply risks
Electric utilities that operate coal plants in the American West face growing water supply risks, as climate change fuels hotter and drier conditions.
Major banks announce new policies to help push utilities away from coal
Key Points: Major financial institutions have announced new policies that limit how they do business with companies that remain reliant on coal. Leading financial institutions’ coal exclusion policies assess electric...
Utility CEOs received over $1 billion in executive compensation from 2017 – 2019
Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.
Coal mining companies and state of Wyoming secretly funded “Independence Institute” campaign to keep Colorado coal plant running
Coal mining companies and the state of Wyoming secretly coordinated and funded a campaign against Xcel Energy’s proposal to close two units at the largest coal plant in Colorado. While...
Tri-State will replace coal plants with a gigawatt of new wind and solar
Tri-State Generation and Transmission Association announced last month that it will close its coal plants in Colorado and New Mexico and build a gigawatt of new wind and solar projects,...