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.
First Nations are furious, environmentalists feel betrayed, oil companies are demanding more, and the clock is ticking.
The Mailโs events business in the Middle East provides a quarter of its revenue. A previous Telegraph bid was rejected over petrostate influence fears.
โIโve never seen anything like this,โ longtime denier Marc Morano said recently of Democrats, billionaires, activists and reporters going โsilentโ on the issue.
In exclusive interview with DeSmog, Haisla leader explains that an oil โspill on our waterway would be catastrophic.โ
