Top U.S. pension funds are asking electric utilities to accelerate efforts to cu...
BOSTON - Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already made executives and directors receptive to the goal.
Investors including New York City Comptroller Scott Stringer, who oversees retirement funds, and leaders of the California Public Employees’ Retirement System are asking the 20 largest publicly traded electric generators in the United States for detailed plans for achieving carbon-free electricity by 2050 at the latest, according to material seen by Reuters.Stringer termed decarbonization a “financial necessity” in a statement sent by a spokeswoman.
Large utilities receiving the letter include Duke Energy Corp and NRG Energy Inc. Each has already moved toward cutting emissions: Duke has set a goal of reducing carbon emissions by 40 percent by 2030 from its 2005 levels, and NRG aims to cut emissions in half by 2030 and by 90 percent by 2050 compared with 2014 levels.
In a statement sent by a spokeswoman, NRG Vice President of Sustainability Bruno Sarda said the company agrees with the “urgency for decarbonization” and said it is reviewing its goals based on newly-available science.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal appeals court upholds AT&T’s Time Warner merger, handing defeat to Justice DepartmentThe decision is a big defeat for the Justice Department's top antitrust chief, Makan Delrahim.
Read more »
Pension Funds Investing In Crypto Is A Big DealGetting pension funds to invest in crypto is a BIG step! This important development could unleash a flood of money into cryptocurrencies and the technology supporting them. I'm still skeptical, but this is the first thing in 18 months that has made me revisit my bearish view.
Read more »
Stocks making the biggest moves after hours: Kraft Heinz, Dropbox, Zillow and moreSee which stocks are posting big moves after the bell on February 21.
Read more »
Play Along With Our Oscars Ballot And Bingo CardsPrint them out, make your predictions, and win bragging rights among your friends at your Oscars watch party.
Read more »
Top Flutist Settles Gender Pay-Gap Suit With Boston Symphony OrchestraThe principal flutist of the Boston Symphony Orchestra was among the first women to file a gender pay-equity claim under the Massachusetts Equal Pay Act when she filed a lawsuit against BSO last July.
Read more »
Oakland Teachers Go on Strike, Demand Big Pay RaisesTeachers in Oakland, Calif., went on strike in the country’s latest walkout by educators over classroom conditions and pay.
Read more »
Photos show how big tech is turning Seattle into 'San Francisco North'A massive tech boom led by Amazon and Microsoft is transforming Seattle in much of the same way that tech has changed the San Francisco Bay Area.
Read more »
This is the year Apple will finally do a big acquisition, predicts analyst Dan IvesApple needs to make a big push into content – and in doing so, it should make a significant acquisition, Wedbush Securities' Dan Ives says.
Read more »