North Carolina ’s GOP lawmakers and Democratic governor joined to pass a rare greenhouse gas law in the South—now it might be repealed

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North Carolina ’s GOP lawmakers and Democratic governor joined to pass a rare greenhouse gas law in the South—now it might be repealed - Fortune

Quick Summary:

Supporters contend getting rid of a 70% CO2 reduction target deadline would help Duke Energy — the state’s dominant electric utility — assemble less expensive power sources now.

The 2021 law also lets the utility seek multiyear rate increases and performance-based incentives.“Duke Energy agreed four years ago to carbon-reduction goals in exchange for an easier path to rate increases.

Now they're criticizing the bill passed by the Senate in March as stalling climate action and benefiting Duke Energy financially.