While thousands of green startup companies are out there, all chasing the same objective, none began a century ago as a coal-fired utility. No other company outside of China produces as much power through solar and wind - and this one still only operates in North America. So if you let NextEra (NYSE: NEE) slip off the radar, think again. Even as the Biden administration battles for the votes to pass its ambitious climate agenda, there is little doubt that whatever form it takes, the plan will offer a historic lift to the burgeoning sustainable energy sector. In the last 18 months, the vast majority of the global business community has thrown itself behind climate action. president later, that should seem self-evident. The folks who ran this Florida utility in the 1990s saw the threat of climate change early, as well as the business opportunity. In a new, better, cleaner energy world, the only power sources with value will be decarbonized and sustainable - some shade of, if not completely, green. Although NextEra only wore the market cap crown for a day, its debut still stands as a harbinger of an energy future that has no time or money for fossil fuels. That’s a mighty claim, even for the company that a year ago captured global headlines after briefly overshadowing ExxonMobil in 2020 as the stock market’s most valuable energy company. "We have a long-term vision to be the largest, cleanest, most profitable clean energy provider in the world … to really lead the decarbonization of the entire U.S. Why do we care? Because after about an hour of presentation, questions and discussion, the most revealing statement was still Robo’s opening. They were in shirtsleeves, not ties, a plastic water bottle for each - and as per COVID, the rest of the audience attended by Zoom. Robo sat at a conference table across from his host, Steve Fleishman, one of Wall Street’s premier energy industry analysts. One day late last year, Jim Robo stopped by the New York offices of Wolfe Research to brief the firm and its clients on NextEra Energy’s financial health and strategy in the world of sustainable power. This story was originally published on Climate & Capital Media.
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