Five of the largest U.S. utilities are unprepared for the economic risks of climate change, according to a new report by the 50/50 Climate Project and Si2. Duke Energy, Southern, FirstEnergy, DTE Energy and American Electric Power are not pursuing business strategies consistent with the scientific realities of climate change and the accompanying financial, strategic, operational and competitive risks. The utilities also have not meaningfully accounted for key business implications or opportunities. Instead, these firms have focused on narrow legislative and regulatory climate affairs, while simultaneously working to thwart forward-looking policy and regulatory solutions via political involvement.
Updates to report information in analysis of 2017 shareholder resolutions are also available on Si2's Reports page