NextEra Energy

InfluenceMap Score
C-
Performance Band
63%
Organisation Score
45%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Utilities
Head​quarters:
Juno Beach, United States
Brands and Associated Companies
Florida Power & Light, FPL Fibernet

NextEra Energy has communicated broadly supportive positions on policy action to tackle climate change. However, analysis of the group's engagement activities shows significant areas of misalignment, both internally among NextEra subsidiaries, and externally with its industry associations. Previous reporting by NextEra in 2016 recognized the need to act in line with the scientific consensus on climate change, including via federal regulation. More recent reporting from the company in 2017, 2018 and 2019 has not included a reference of support for wider action on climate change or the Paris Climate Agreement, despite including updates on the company's own GHG emission reduction efforts.

Before 2016, NextEra was supportive of the US EPA's authority to regulate GHG emissions from the power sector under the US Clean Power Plan. The company's advocacy has since appeared to focus on a 'market-based model' for reducing GHG emissions in conjunction with carbon pricing policy. NextEra has communicated a preference for carbon tax proposals but has also appeared accepting of cap and trade policies. In 2017, NextEra participated in a joint submission to the second review of The Regional Greenhouse Gas Initiative (RGGI), supporting the role of emissions trading policy in delivering the states' clean energy goals and advocating for its expansion. In 2020, the company joined a coalition requesting the US FERC to convene a conference to investigate integrating carbon pricing into US electricity markets.

NextEra's engagement with climate-motivated energy policy appears mixed. The company has supported some renewable energy legislation, including a federal Wind Production Tax Credit (PTC) and Hawaii's renewable portfolio standard of 100% by 2045. However, a principal subsidiary of NextEra Energy, Florida Power & Light, strongly opposed Florida policy on distributive solar generation in 2020, an effort that mirrors a similar campaign in 2016. Florida Power & Light also lobbied to significantly weaken energy efficiency standards in 2014 and 2020. NextEra did not disclose positions on two renewable energy bills in Florida that failed to pass the 2020 session, despite disclosing significant amounts on lobbying expenditures in the state.

NextEra Energy CEO Jim Robo has recently communicated a positive vision for the overall increase of renewable generated power in the US. The company has also previously run advertising campaigns to promote the electrification of transport. At the same time, the company appears supportive of a long-term role of natural gas in the energy mix, with Jim Robo explaining in 2019 that he considers natural gas pipelines "clean energy," while referring to protests against them as "surprising" in 2020. The company has previously taken a position against additional GHG emission standards on the US oil and gas sector. In 2020, in consultation feedback to a review of federal environmental permitting for energy projects, NextEra supported the inclusion of climate considerations but with several reservations, including the need for gas pipelines to still be considered favorably under such an analysis.

NextEra Energy retains a board-level position on the American Wind Energy Association, a group actively supporting an ambitious climate agenda in the US. However, the company also maintains memberships to various other groups that have taken more negative lines on US climate policy, including the Edison Electric Institute, Business Roundtable, and the Consumer Energy Alliance. The Consumer Energy Alliance is actively and negatively lobbying on critical US Climate and Energy Policy, such as the Transportation and Climate Initiative, and appears to be funding institutions producing misinformation on climate change. Of perhaps the most significant concern, however, is NextEra's board-level membership to the US Chamber of Commerce via its subsidiary Florida Power & Light. The US Chamber has successfully campaigned for the rollback of several key US climate policies since 2016.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Communication of Climate Science
1 NS NS NS NS NS NS NA
Alignment with IPCC on Climate Action
0 NS NA 1 NS NS NS NA
Supporting the Need for Regulations
0 NS NS 2 NS 1 NS NA
Support of UN Climate Process
NS NS NS NS NS NS NS NA
Transparency on Legislation
-2 NA -2 NA NA NA NS NA
Carbon Tax
NS NS NS NS 1 NS NS NA
Emissions Trading
NS NS NS 1 1 NS NS NA
Energy and Resource Efficiency
NS NS NS 1 -1 NS NS NA
Renewable Energy
1 1 NS 0 -1 0 1 NA
Energy Transition & Zero Carbon Technologies
1 0 NS 1 0 0 1 NA
GHG Emission Regulation
NS 2 NS 1 2 2 NS NA
Disclosure on Relationships
0 NS -2 NA NA NA NS NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
23%
 
23%
 
93%
 
93%
 
50%
 
50%
 
23%
 
23%
 
44%
 
44%

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.