
Imagine telling your boss that you’ll complete less than half of the work that’s needed, getting almost nothing done over 12 months, then asking for a raise.
That’s essentially the story of the 77 utility companies still most heavily invested in fossil fuel-fired electric plants, according to a report last week by the Sierra Club and Bloomberg Philanthropies. The utilities plan to replace only 30% of that coal and gas with clean energy by 2030, and more than half of them have made no progress since last year.