Everyone has heard of ExxonMobil, one of the world’s biggest companies exploiting fossil fuels and a common target for those battling global warming and catastrophic climate change. But does the name NextEra Energy ring any bells? In terms of stock market value, the Florida-based company – which describes itself as the world’s largest producer of wind and solar energy – has surpassed the size of ExxonMobil. In recent days NextEra’s value on the US stock market was above $144bn (£110bn) – up more than 60% over two years. Back in the early 2000s, ExxonMobil – a global conglomerate with more than 70,000 employees – was valued at more than $500bn (£383bn). Earlier this month the valuation was under $138bn (£106bn).
Climate News Network 15th Oct 2020 read more »