Vistra Energy Joins the Climate Leadership Council and Americans For Carbon Dividends, Advocating for a Market-Based Solution to Climate Change

Vistra Energy (NYSE: VST ) today announced it has joined the Climate Leadership Council ("CLC") as a founding member. The CLC is an international policy institute created in collaboration with prominent business, opinion, and environmental leaders to promote a carbon dividends framework as the most cost-effective, equitable, and politically viable climate solution. Vistra joins 24 prominent companies across a myriad of industries with a combined market cap of $3.8 trillion in advocating for a national carbon fee and dividend policy. Founding members of the CLC include five oil and gas supermajors, the two largest automobile manufacturers in the U.S., as well as the largest telecommunications company, insurance company, and healthcare company in the world, among others.

Consistent with Vistra's commitment to the transformative impact of a market-based, cost-effective, and politically viable climate solution, the company is also contributing $1 million to the Americans for Carbon Dividends ("AFCD") advocacy campaign, underwriting its efforts to encourage Congress to enact a carbon fee and dividend plan.

Vistra is joined by other prominent organizations including IBM, Ford Motor Company, Calpine , and General Motors, which the AFCD announced today have also made financial commitments to the campaign. IBM will similarly be joining the CLC as a founding member (Ford, Calpine , and General Motors are already founding members).

"Over the last several years, Vistra has greatly accelerated its efforts to reduce its CO 2 footprint through, among other initiatives, power plant retirements and billions of dollars of investments in renewables, energy storage, emissions control equipment, and other energy efficient technologies," said Curt Morgan , Vistra's president and chief executive officer. "These types of individual efforts, however, must be complemented and supported by a national public policy solution focused on reducing carbon emissions while utilizing market-based, competitive principles. We believe an economy-wide, adequately priced carbon fee and dividend plan would be the most effective and equitable public policy solution to advance this goal through appropriately incentivized investments in carbon-free and carbon-reducing technologies. The plan put forth by the CLC and advocated for by AFCD is exactly the type of actionable plan to facilitate the country's transition to a lower-carbon future while maintaining a prosperous American economy. With the right policies in place, we believe Vistra can continue to reduce our own emissions and contribute our part to meeting the goals set forth in the Paris Agreement, all while continuing to provide safe, reliable, and affordable power to our customers."