Month: June 2023

CINCINNATI, June 14, 2023 /3BL Media/ – An additional $125,000 in financial assistance is available to Duke Energy customers in Ohio and Kentucky who may be struggling to pay their energy bills. This is in addition to the $292,000 that was originally dedicated to the Greater Cincinnati area combining for a total of $417,000 through Duke Energy’s Share the Light Fund®. The Duke Energy Foundation matches every dollar donated to the fund which brings together customers and communities to help individuals and families in need.

“We want our customers who may be struggling to pay their energy bills to know that we are here to help,” said Amy Spiller, president of Duke Energy Ohio and Kentucky “Working with our partner agencies, we can support our customers through these challenging times.”

The funds will be distributed by two community partners, with a $75,000 contribution to The Salvation Army in Ohio and $50,000 to the Northern Kentucky Community Action Agency (NKCAA). Qualifying Duke Energy customers can receive up to a $300 credit annually on their account.

Customers in Kentucky should contact the NKCAA at 859.581.6607. Ohio customers should contact their local community action agency below to see if they are eligible.

Adams County: 937.378.6041Butler County: 513.868.9300Clermont County: 513.732.2277Clinton County: 937.382.8365Hamilton County: 513.569.1850Montgomery County: 937.341.5000Warren County: 513.970.6737

Over the last five years, Duke Energy has supported more than 6,200 Ohio and Kentucky households with more than $1.9 million in energy bill assistance. In addition to the Share the Light Fund, in January, the company announced a $150,000 donation to the United Way to directly serve Northern Kentucky families.

In 2022, the company also provided more than $3 million in financial assistance to qualifying Ohio natural gas customers through a one-time separate agreement with the Public Utilities Commission of Ohio.

Duke Energy Foundation

The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts and is funded by Duke Energy shareholder dollars. More information about the Foundation can be found at duke-energy.com/foundation.

Duke Energy Ohio/Kentucky

Duke Energy Ohio/Kentucky, a subsidiary of Duke Energy, provides electric service to 880,000 residential, commercial and industrial customers in a 3,000-square-mile service area, and natural gas service to 550,000 customers in a 2,650-square-mile service area, in Ohio and Kentucky.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and Forbes’ “World’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Contact: Sally Thelen 
24-Hour: 800.559.3853 
Twitter: @DE_SallyT

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By Sofía De La Parra, FAIRR Initiative

At first glance, investment in the meat and dairy industry looks attractive. Global meat consumption is expected to grow over the next decade to a projected increase of 14% by 2030, according to the FAO. The changing global climate, however, poses significant risks and opportunities not just to this growth trajectory, but to the fundamentals of the industry.

From the rising price of feed to desertification of grazing lands and increasing regulation to reduce greenhouse gas (GHG) emissions from livestock production, climate-related risks require an extra layer of analysis for asset allocation in the sector and present opportunities for transformative change in the decades ahead. The Paradox of the Animal Protein Sector: Both a driver of climate change, and at risk from it. 

Readers of GreenMoney Journal are probably well-aware of the climate and environmental impacts of the animal agriculture sector. For instance, it releases more GHG emissions than every car on the planet combined, and the UN Food and Agriculture Organization has estimated that 14.5% of all global anthropogenic GHG emissions come from livestock production. The animal agriculture sector uses 30% of the planet’s freshwater resources and continues to be the largest driver of deforestation. It also has a large part to play in the ‘silent pandemic’ of antimicrobial resistance (AMR).

What is less well reported however, and of increasing concern to financial institutions, is that the meat and dairy industry not just contributes to climate change, but is uniquely vulnerable to its effects. Investors are increasingly aware of, and acting on, these risks. It is why the FAIRR Initiative, which is focused on helping investors understand risks and opportunities related to intensive livestock production, has become one of the world’s fastest growing investor networks with supporters managing over $70 trillion of assets under management (AUM) joining the network since 2016.

Read Sofia’s full article including sections on Regulatory risks, Preserving Long-term Value and What investors are doing about it. All here – https://greenmoney.com/climate-risks-threaten-investor-appetite-for-intensive-livestock-production

 

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