Tag: Decarbonization
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...
Orlando utility could vote today on new “net zero” plan amid concerns over continued fossil fuel use and low energy efficiency goals
Update: The OUC Board voted unanimously to approve the EIRP in its current form at its meeting on December 8. The Orlando Utilities Commission is set to discuss and potentially...
Southern Company Net-Zero Implementation Plan Filled with Loopholes for Continued Use of Fossil Fuels
Southern Company released more information this week on how it plans to reach “net zero emissions,” and while the plan remains scant on key details, the company has made one...
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...
Duke Energy Climate Report charts fossil fuel-laden path to net-zero, lagging behind peers
Key Points: Duke Energy released a new climate report describing potential pathways to achieve net-zero carbon emissions by 2050. Its main scenario relies heavily on fossil gas expansion, offsets, and...
Arizona Public Service announces 100% clean energy goal, saying it will “eliminate all fossil fuels”
Arizona’s largest investor-owned utility announced today that it will close its coal plants and increase its use of renewable energy over the next decade, ultimately aiming for 100% clean energy...
Financial analysts expect decarbonization will benefit utility ratepayers and shareholders
Replacing coal with renewable energy could save customers $8 billion each year
DTE Energy sets net-zero emissions goal by 2050 for electric subsidiary, but gas investments raise doubts about seriousness
“If you don’t have a good pathway to get there you either fail at the goal or do stupid things along the way,” a DTE executive said about utilities' net-zero...
Southern Company CEO Tom Fanning’s $2 Million Greenhouse Gas Reduction “Incentive” a Misnomer
Fanning has likely secured millions in bonus payouts for already planned GHG reductions.