Global warming and lobbyists: two sides of the fence

May 9, 2008

http://www.charlotte.com/business/story/616447.html

Duke Energy

Revenue: $12.44 billion.

Lobbying costs 2007: $2.8 million.

First quarter 2008: $1.03 million.

What they want : Duke is concerned with global warming legislation that could cost the industry billions in environmental fees to burn coal. Duke opposes a proposed federal renewable energy requirement, which would force utilities to produce a certain percentage of their power from the sun, wind and other renewable sources. Duke says it should be a state-by-state decision.

Nucor

Revenue: $17.8 billion.

Lobbying costs 2007: $2.5 million.

First quarter 2008: $530,000.

What they want : The steel maker has been lobbying for global warming legislation that would give it financial credit for having switched to electric furnaces 30 years ago, instead of continuing to burn fossil fuels, such as coal, said Pat McFadden, Nucor’s director of government affairs. The company also wants imported steel to have the same global warming regulations as U.S. steel, he said.

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