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Greenwash+20 - Greenpeace

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05<br />

Coal’s Shadow<br />

Duke Energy<br />

Duke Energy - at a glance 106<br />

Headquarters:<br />

CEO:<br />

Charlotte, North Carolina,<br />

USA<br />

James E Rogers<br />

Employees: 18,250<br />

Operating revenue: $14.5bn<br />

Net income: $1.70bn<br />

Production: Electricity generation,<br />

transmission, distribution,<br />

natural gas<br />

Ranking:<br />

Global reach:<br />

17th-largest of the<br />

“Toxic 100”, a ranking of<br />

corporations emitting airborne<br />

pollutants in the US in 2010 107<br />

4 million customers, service<br />

territory covering 120,000km2<br />

with 171,000km of distribution<br />

lines, electric generation in<br />

Argentina, Brazil, Ecuador, El<br />

Salvador, Guatemala, Peru<br />

and the US 108<br />

Is it helpful for the cause of sustainable development to<br />

have the head of Duke Energy, Jim Rogers, on the UN<br />

Secretary General’s High Level Panel on Energy for All?<br />

On the one hand, Rogers appears to be a proselytiser for<br />

sustainability. He has said: “We’re in a unique position in<br />

the power industry to deploy the solutions, to raise the<br />

capital and not raise the national debt, to do it at scale, and<br />

to do it in ‘China’ time.” Rogers has appeared on countless<br />

panels and conferences speaking about the possibilities<br />

of renewable energy. His company, Duke Energy, has had<br />

its brand associated with “green” causes and has publicly<br />

supported US federal climate policy (though it was weak<br />

and eventually failed).<br />

Surely we need powerful allies, like Jim Rogers, and<br />

companies that know how to produce energy, like Duke.<br />

But there’s another side to the story. Duke is reinvesting<br />

in its 20 ancient coal-fired power plants, and is one of the<br />

only major US power companies still building new ones.<br />

The company is on the precipice of a merger with its<br />

main competitor, the coal-heavy Progress Energy, which<br />

would make it the single largest electric utility in the US.<br />

If the merger with Progress is successful, Duke intends<br />

to use its size and deep pockets to build new nuclear<br />

plants. Securing a policy environment that make these<br />

investments pay off for their shareholders isn’t cheap.<br />

Duke spends tens of millions on election campaigns and<br />

lobbying efforts, and its recent support for a front group<br />

that attacked basic public health safeguards reveals where<br />

Duke’s real priorities are.<br />

Is Duke’s participation in the Secretary General’s high level<br />

panel part of the move to sustainability, or part of the PR<br />

cover-up for standing in the way of progress?<br />

22 <strong>Greenwash+20</strong> How some powerful corporations are standing in the way of sustainable development

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