Major investors find electric utilities are not on track to meet decarbonization goals

Read the full story from the Energy and Policy Institute.

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+ Net-Zero Company Benchmark assesses the climate plans and performance of 159 large companies in several sectors, including electric utilities, oil and gas, automobiles, and more. The Climate Action 100+ coalition includes hundreds of investors that collectively manage assets worth more than $54 trillion.

Among the companies scored in the assessment are several large U.S. electric utilities: AESAmerican Electric PowerDominion EnergyDuke EnergyExelonFirstEnergyNextEraNRGPPLSouthern CompanyVistra EnergyWEC Energy, and Xcel Energy. The assessment also scored Berkshire Hathaway, the parent company of Berkshire Hathaway Energy.

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