Duke Energy

InfluenceMap Score
D-
Performance Band
44%
Organisation Score
42%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Utilities
Head​quarters:
Charlotte, United States
Brands and Associated Companies
Duke Energy Renewables, Duke Energy Retail, Duke Energy International
Wikipedia:

Climate Lobbying Overview: Duke Energy appears to have a largely negative influence on climate change policy in the US. In particular, Duke has lobbied against GHG emissions standards and the transition of the US energy mix.

Top-line Messaging on Climate Policy: Duke stated it is focused on technological rather than regulatory solutions to climate change in a 2019 investor call. In addition, Duke's 2020 climate report states that the company prefers market-based approaches to incentivize decarbonization rather than "imposing a price or dictating a certain generation mix." In 2021, Duke CEO Lynn Good stated support for the Biden Administration to re-enter the Paris Climate Agreement.

Engagement with Climate-Related Regulations: In 2018, Duke Energy supported repealing the Clean Power Plan to replace it with the weaker Affordable Clean Energy Rule. However, Duke also supported energy efficiency standards for general service lightbulbs in 2019. Duke has engaged widely and with mixed positions on renewable energy legislation: in 2019, the utility opposed net metering programs in various states and lobbied to increase the fixed monthly charges on electric bills, limiting incentives for certain forms of solar energy generation. On the other hand, it supported the Federal Solar Investment Tax Credit to increase solar incentives for households in 2020.

Positioning on Energy Transition: Duke's 2020 Climate Report offers broad support for policies that promote technological advancement toward decarbonization, yet the company's communications appear focused on preserving natural gas in the US energy mix. For example, in 2020, Duke CEO Lynn Good repeatedly defended the role of natural gas in the energy mix. Duke also highlighted the ongoing importance of coal in 2019. In her communications, Good continues to highlight the intermittency and costliness of renewables as a justification for increasing natural gas and nuclear power in the energy mix. In 2020, Duke actively supported legislation criminalizing protests against fossil fuel infrastructure.

In addition to advanced Carbon Capture and Storage technology, Duke’s 2020 climate report emphasizes policy advocacy on other advanced technologies such as seasonal battery storage and nuclear. CEO Lynn Good stated support in 2021 for policies to facilitate the complete electrification of transportation by 2030. Duke supported electric vehicle charging stations in Kentucky in 2019 and in 2020 co-launched the Zero Emission Transportation Association.

Industry Association Governance: Duke Energy remains a member of several groups actively opposed to US climate change policy, including the US Chamber of Commerce and American Legislative Exchange Council, the latter of which is evidenced in the list of attendees to ALEC's 2019 Annual Meeting. In addition, while Duke maintains that continued participation is important for driving internal discussions, the utility has not issued a clear or concise review of how these groups' lobbying activities align with or diverge from its own.

A detailed assessment of the company's industry association review can be found on our CA100+ webpage here.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures
Communication of Climate Science
1 NS NS NS -1 1 -1
Alignment with IPCC on Climate Action
-1 -1 NA -1 -1 0 -1
Supporting the Need for Regulations
-1 NS NA NS -2 0 NS
Support of UN Climate Process
NS NS NA NS NS 1 NS
Transparency on Legislation
-1 NA -1 NA NA NA NS
Carbon Tax
NS NS 0 NS 1 0 NS
Emissions Trading
NS NS NS 0 0 0 NS
Energy and Resource Efficiency
NS NS NS 1 -2 NS NS
Renewable Energy
NS 0 0 -2 0 0 NS
Energy Transition & Zero Carbon Technologies
-1 1 0 0 0 0 -1
GHG Emission Regulation
0 0 -2 -2 -1 -1 -1
Disclosure on Relationships
1 NS 1 NA NA NA NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
52%
 
52%
 
36%
 
36%
 
27%
 
27%
 
47%
 
47%
 
11%
 
11%
 
93%
 
93%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.