Common Ground of the American PeopleBeta

Keep tax credits for producing zero-emission clean energy

Energy and environment

Helpful Owners voting their values help. Others must carry most of it.

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Why shareholder democracy is helpful

Tax credits are written by Congress, so the goal itself sits with government. Corporate behavior helps at the margin: companies decide whether to invest in the clean generation the credits reward, and their advocacy shapes whether the credits survive. InfluenceMap found two-thirds of corporate advocacy on the Inflation Reduction Act's climate and energy provisions was supportive heading into 2025. Shareholder pressure can align more corporate lobbying behind the credits but cannot enact them. Congress itself has since removed much of this credit. The July 2025 budget law phases out the wind and solar production credits after 2027, despite predominantly supportive business advocacy. Coverage of the fight concluded that ideology, not industry, drove the cuts, so the primary obstacle is partisan fiscal politics rather than corporate opposition.

How this was scoredHelpful

Helpful. Owners voting their values help. Others must carry most of it.

We have not yet written down the two answers behind this rating. Recording them on every item, so a reader can check the reasoning and not only the conclusion, is work in progress.

Every rating is the higher of two answers, one for what companies do and one for what they spend to stop the outcome, because the same vote reaches both. See the full method.

Sources

What civil society organizations are helping owners on this

Ceres☆ Followcoordinator

Coordinates Ceres Investor Network and Climate Action 100+ filings asking companies to report whether their direct lobbying and trade association memberships align with the Paris Agreement, the mechanism through which corporate advocacy on clean energy incentives is contested.

Shareholders approve a climate lobbying proposal at Delta, continuing a winning streak that shows the importance of Paris-aligned climate policy, Ceres

Led the first Paris-aligned climate lobbying proposals to win majority support, at Chevron and later at Delta Air Lines and ExxonMobil.

At annual meeting, Chevron investors achieve historic majority vote on Paris-aligned climate lobbying, We Mean Business Coalition, 2020

3 campaigns on record

CCLA Investment Management at NextEra Energy☆ Follow2024 · shareholder proposal

Publish a report on the company's climate lobbying and climate-related policy engagement.

With Mercy Investment Services, RPMI Railpen

Result: not stated in source

As the 2024 proxy season gets underway, Climate Action 100+ investors call on companies to improve climate lobbying, accounting, and governance, Ceres, 2024

BNP Paribas Asset Management at Delta Air Lines☆ Follow2021 · shareholder proposal

Have the board evaluate and report on how the company's lobbying activities align with the goals of the Paris Agreement.

Result: Majority support; exact percentage not stated in source

Ceres reports that CSX, Duke Energy, Entergy, FirstEnergy, General Motors and Valero Energy agreed to improve lobbying disclosure and the proposals at those companies were withdrawn.

Shareholders approve a climate lobbying proposal at Delta, continuing a winning streak that shows the importance of Paris-aligned climate policy, Ceres

BNP Paribas Asset Management at Chevron Corporation☆ Follow2020 · shareholder proposal

Produce a report disclosing the extent to which the company's lobbying aligns with the goals of the Paris Agreement.

Result: 53 percent majority support, the first year such a measure appeared on Chevron's ballot.

At annual meeting, Chevron investors achieve historic majority vote on Paris-aligned climate lobbying, Ceres, 2020-05

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Common Ground of the American People, every item scored for how far it depends on owners voting their values, with the reasoning and the sources behind each rating.

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How this rating was made

Every item on every one of our maps is read against one question: how far does this depend on the people who own companies voting their values? We answer it twice, once for what companies do and once for what they spend to stop the outcome, and take whichever answer is higher, since the same vote reaches both. The score carries its reasoning and its sources so that a reader can check it rather than take it.

  • Pivotal. Owners voting their values can deliver most of the outcome.
  • Necessary. Owners remove an obstacle nothing else removes, and others must also act.
  • Helpful. Owners voting their values help, and others carry most of it.
  • Independent. This moves without owners. Other levers carry it.

The advocacy record on this page holds only what a source we opened says happened. Where we searched and found nothing, the page says so rather than leaving a silence. Where a campaign names a filer the source does not name, it says that too. Ratings are ours; the list of subjects is Common Ground of the American People's, and we link to their original.

How we score dependency, in full.