Investors Deeply Disappointed in Trump’s Plan to Roll Back Clean Power Plan

FOR IMMEDIATE RELEASE

MEDIA CONTACT: Stefanie Spear, [email protected], 216-387-1609

Washington, DC—August 21, 2018—Today, the Trump administration announced its proposed “Affordable Clean Energy” rule to replace Obama’s Clean Power Plan.

Lila Holzman, energy program manager of As You Sow, made the following statement:

“Investors are deeply disappointed by this most recent attempt of the Trump administration to prop up the failing coal industry. This development has the potential to remove critical safeguards that protect local communities and climate from harmful power plant pollution.

“Market forces have already proven that truly clean energy is good business, and states have been largely on track to meet Obama’s Clean Power Plan goals despite that rule never even going into effect. Utility companies are increasingly recognizing and responding to the clean energy transformation underway, and while Trump’s newly proposed rule threatens that progress, investors and citizens must continue to urge companies to avoid the short-sighted, high-risk practices this irresponsible rule enables.”

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As You Sow is a nonprofit organization that promotes environmental and social corporate responsibility through shareholder advocacy, coalition building and innovative legal strategies.