Investment into new natural gas infrastructures like pipelines and power plants is "incompatible" with long-term shareholder value, and thus it is in the best interest of the investor community to push utilities away from natural gas, according to a new report from corporate social responsibility group As You Sow and environmental consulting firm Energy Innovation. Read More →
Read MoreLila Holzman, energy program manager at As You Sow, a shareholder activist group that filed the Dominion and Sempra resolutions, says the companies have not "gone far enough." Read More →
Read MoreShareholder advocacy group As You Sow partnered with Energy Innovation to release a study titled “Natural Gas: A Bridge to Climate Breakdown” to look at the potential climate impacts of natural gas as many states enacted legislation in recent years to transition away from carbon-based energy. Read More →
Read More“As states clamp down on greenhouse gas emissions, long-lived natural gas infrastructure is increasingly likely to be stranded,” said Lila Holzman of shareholder advocacy group As You Sow, which filed the resolutions. By excluding the resolutions, “These companies are seeking to avoid responsibility for a risk that will only grow.” Read More →
Read More“Utilities clinging to business models that rely on fossil fuels are jeopardizing their ability to meet critical climate goals (including their own) and will miss out on opportunities to benefit from new technology advances,” Lila Holzman, As You Sow’s energy program manager, said in a statement. Read More →
Read MoreMost U.S. power utilities are still investing in gas-fired power plants and pipelines that will be operating “far beyond what is permitted in climate stabilization model,” the As You Sow group said in a report written in collaboration with the policy firm Energy Innovation. Read More →
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