Entergy, which has the 16th highest carbon emissions of U.S. utilities, has been slow to recognize and adapt to these changes, and in one study ranked near last on renewable energy sales, incremental energy efficiency adoption, and last on annual energy efficiency.
Natasha Lamb, Director of Shareholder Engagement at Arjuna Capital, said, "Entergy faces pressure from all sides—coal is becoming obsolete, nuclear is being decommissioned, and solar panels are popping up on customer rooftops. If Entergy is going to compete in tomorrow's energy economy, it must re-think its business model today. "
Amelia Timbers, Energy Program Manager at As You Sow agreed, saying "The market has begun to penalize utilities that don't keep up with new technology and industry dynamics. It's our hope that Entergy heeds investors' concerns and takes immediate action to adopt adequate distributed energy resources."
Taraneh Arhamsadr, (510) 735-8157, firstname.lastname@example.org
Natasha Lamb, (978) 578-4123, email@example.com
and Patrick Mitchell for Arjuna, (703) 276-3266 or firstname.lastname@example.org
As You Sow is a nonprofit organization that promotes environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies. www.asyousow.org
Arjuna Capital is a division of registered investment advisor Baldwin Brothers Inc., specializing in sustainable and impact investing. www.arjuna-capital.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nearly-40-percent-of-entergy-shareholders-demand-clean-energy-transition-as-you-sow-arjuna-capital-resolution-seeks-distributed-resources-like-rooftop-solar-300266494.html
SOURCE As You Sow