Climate Big Winner in TXU Takeover

authordefault
onFeb 26, 2007 @ 07:37 PST

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.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

onDec 8, 2025 @ 04:00 PST

The pro-AI and fossil fuel group tells DeSmog that itโ€™s great to see its ideas โ€œget taken up by government.โ€

The pro-AI and fossil fuel group tells DeSmog that itโ€™s great to see its ideas โ€œget taken up by government.โ€
onDec 7, 2025 @ 10:04 PST

Oil companies are once again asking the high court to intervene in climate deception lawsuits across the U.S. โ€” part of an all-hands-on-deck effort by Big Oil and the Trump administration to shut the cases down.

Oil companies are once again asking the high court to intervene in climate deception lawsuits across the U.S. โ€” part of an all-hands-on-deck effort by Big Oil and the Trump administration to shut the cases down.
onDec 7, 2025 @ 06:01 PST

The educational materials distort how fossil fuel pollution has caused the climate emergency, new report finds.

The educational materials distort how fossil fuel pollution has caused the climate emergency, new report finds.
onDec 4, 2025 @ 11:48 PST

U.S. fossil fuel majors led efforts to ensure corporations would not have to introduce climate action plans.

U.S. fossil fuel majors led efforts to ensure corporations would not have to introduce climate action plans.