Climate Big Winner in TXU Takeover

authordefault
on

Texas’ largest electric utility last night tentatively approved a record $45 billion takeover bid by two private equity firms in a deal hailed by environmentalists as a major turning point in the battle against global warming. The prospective owners of the TXU Corp. have told environmental groups that they would cancel eight of 11 coal plants proposed by the company and also back national legislation for mandatory reduction in carbon dioxide emissions.

Related Posts

on

The Reform leader pocketed major sums from second jobs and donor gifts.

The Reform leader pocketed major sums from second jobs and donor gifts.
on

Some lobby organizations that work for environmental organizations also work for the fossil fuel industry.

Some lobby organizations that work for environmental organizations also work for the fossil fuel industry.
on

The Republicโ€™s historic failure to curb agricultural pollution drives concern among campaigners.

The Republicโ€™s historic failure to curb agricultural pollution drives concern among campaigners.
on

Leo-linked operatives were among a who's who of the international right that gathered for the Alliance for Responsible Citizenship (ARC) conference in June.

Leo-linked operatives were among a who's who of the international right that gathered for the Alliance for Responsible Citizenship (ARC) conference in June.