Last October, the global energy industry turned upside down when the market capitalization of NextEra, the utility company that is the world’s largest generator of wind and solar power, briefly eclipsed that of oil giant ExxonMobil. The moment made NextEra a clear proof point for renewable-energy advocates’ longtime stance: going green is profitable. “We expect the disruptive nature of renewables to be terrific for customers, terrific for the environment and terrific for shareholders,” CEO James Robo told investors this year. Stock in NextEra rose more than 25% in 2020 after a decade of beating the market. The company, which gets 35% of its electricity from wind and solar, is expected to spend tens of billions more on renewable energy by 2022.
- The 100 Most Influential People of 2024
- Coco Gauff Is Playing for Herself Now
- Scenes From Pro-Palestinian Encampments Across U.S. Universities
- 6 Compliments That Land Every Time
- If You're Dating Right Now, You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time