Investor's Crusade at NRG Energy Hits Snag Over Climate Change

摘要

The activist crusade at NRG Energy Inc. led by billionaire investor Paul Singer has run right into the politics of climate change. After taking an activist stake in the U.S. power generator, Singer's Elliott Management Corp. and an energy investment firm led by turnaround titan C. John Wilder struck a deal with NRG in February in which Wilder and former Texas regulator Barry Smitherman joined its board. New York City now is fighting Smith-erman's appointment, saying his stance on climate change disqualifies him and calling the agreement a "hasty settlement."