Exclusive: Duke Energy boosts capital spending to fight climate change

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Top U.S. utility Duke Energy Corp plans billions of dollars of new spending this decade as it ramps up efforts to slash greenhouse gas emissions, executives told Reuters.

FILE PHOTO: The company logo and ticker for Duke Energy Corp. is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid/File Photo

Neither the near-term spending increase, nor the longer-term projection have been previously reported. Duke has outlined various fuel-mix scenarios in recent “integrated resource plans” filed to regulators in North and South Carolina, but did not make a recommendation on which to pursue.

Source: Energy Industry News (energyindustrynews.net)

 

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It’s going to take a lot of companies’ doing what Duke has done here to get to where we need to be on emissions

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