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.
Industry giants have been accused of โenriching shareholdersโ while โfarmers and consumers pay the priceโ.
Nigel Farageโs anti-climate party has received two thirds of its income from oil investors.
You might not have heard of them, but a new analysis shows these ad execs have overseen $1.5 billion worth of fossil fuel ads in the U.S. since the Paris Agreement.
DeSmog analysis reveals London-based WPP linked to twiceย as much oil advertising as American rivalsย despite its internal climate policy.
