Electric utilities are responsible for a full 30% of U.S. GHG emissions, from burning fossil fuels - more than any other sector of the economy. ICCR is pressing utilities to aggressively speed the transition to electricity produced with lower-carbon fuel sources, particularly renewable energy, while doing so in a way that is just, and won’t prejudice economically vulnerable communities.
Featured ICCR Initiative
ICCR shareholders have been in dialogue with Southern Company on the need to provide more renewable energy and encourage energy efficiency. Southern Company is the third largest carbon dioxide emitter in the U.S. and ranked 26th out of 29 utility companies for life cycle energy efficiency savings in a benchmarking report produced by Ceres in 2016. In 2017, the Sisters of St. Dominic of Caldwell, NJ filed a shareholder resolution asking the company to report on their strategy for aligning their business operations with the IEA 2C scenario, while maintaining the provision of safe, affordable, reliable energy.
Electric Utilities Investor Packet: 2degree scenario analysis