Friends Fiduciary Submits Comment to EPA on Clean Power Plan Reversal

May 4th, 2018

Late last month, Friends Fiduciary and other investor members of the Forum for Sustainable and Responsible Investment (US SIF) with assets under management of $43.8 billion sent a public comment letter to the Environmental Protection Agency, asking the administrator to scrap a proposed rule that would repeal the Clean Power Plan.

From an investor perspective, repealing an already-passed piece of legislation like the Clean Power Plan creates uncertainty which makes it harder for businesses to effectively allocate capital in the long term. Consistent regulatory framework provides companies and investors with the confidence they need to plan well for the future—especially as they transition to a low-carbon world and need to remain internationally competitive.

Friends Fiduciary and the other investor signatories asked the EPA to consider the public health and future economic implications of a Clean Power Plan repeal, and to “refocus its efforts on implementing policies that reduce carbon pollution.” Click here to view the letter.