Engagement history

The New York State Comptroller and Newground Social Investment both filed resolutions requesting that NextEra disclose its political lobbying spend between 2015 and 2020. In 2019, a leading group of CA100+ investors wrote to NextEra asking it to audit its political lobbying activities. In 2019 NextEra published its corporate political lobbying spend. However, it failed to match any of the expectations around reviewing or auditing its trade association membership. Based on our report findings, engagers could continue to push Nextera to audit its lobbying, while also targeting NextEra’s business model, particularly its thermal coal assets. As of 2020, only 22% of the utility’s coal units have a Paris-aligned retirement date, according to Carbon Tracker.