Greenwash+20 - Greenpeace
Greenwash+20 - Greenpeace
Greenwash+20 - Greenpeace
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
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