While some fossil fuel companies claim they support renewable energy, actions behind the scenes tell a different story. Many are backing front groups to create barriers for the deployment of renewables. These front groups serve as a critical component, adding a supposed "independent" voice to state energy policy debates.
The Boston Globe about Wall Street's secretly purchased influence in Washington, D.C. was somewhat mistitled as being about the "struggle for the Democratic Party's Soul." It's also about how Wall Street's virtually unlimited cash secretly influences the key debates as well as the policy outcomes in the nation's capital.
The Koch-brothers-funded Americans for Prosperity spearheaded a letter claiming that 117 organizations oppose reviving wind-energy tax breaks that expired at the end of 2013. The Energy and Policy Institute discovered that a majority of the groups have ties to the Koch brothers or other fossil-fuel interests.
Nuclear Matters is just the latest gambit of a very powerful political player. Over the last five years, Exelon has spent millions on political candidates and tens of millions on lobbying, and has taken advantage of its close ties with the Obama administration to weaken or stymie stronger nuclear plant safeguards.