Abstract
The analysis here critically evaluates the ‘new corporate environmentalism’ and elaborates a relational theory of the state to explain policy formation in the US electrical energy industry. There are several findings. Firstly, corporations mobilize politically to advance their economic agendas and weaken environmental policy. Secondly, after state structures are created to enforce public policy, they provide the socio-political legitimacy for corporations to further advance their economic interests. Thirdly, in contrast to neoliberal claims, corporate– state relations during the era of re-regulation resulted in higher energy cost for consumers in several regions.
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