US Utilities Lobbying to Slow Energy Transition

Almost half of the 25 largest US power providers – accounting for 80% of total market cap of publicly listed utilities nationwide – actively lobbying against Paris-aligned climate policy, says a new report from climate think tank InfluenceMap, indicating correlation between the firms and a lack of meaningful state-level climate legislation. The research shows just four utilities – Edison International, Exelon, Public Service Enterprise Group, and Pacific Gas and Electric Company – broadly support robust climate policy. A further ten demonstrate mixed engagement, while 11 are considered obstructive to Paris-aligned climate policy. Of these, nine are the dominant power provider in 14 states, suggesting policymakers in these jurisdictions would likely face “high levels of resistance” to efforts to pass climate policy.

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