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.
Ofgem has rejected calls for household energy debts to be paid off using excess profits.
Former fracking magnate Gwyn Morgan has funnelled millions to right-wing media and think tanks, a DeSmog analysis reveals.
Dan McTeague cultivates a media image as a consumer advocate while running a group urging people to fight against climate policies.
Industry groups warn of โsupply shocksโ as energy shortages grow, but critics say targeting the EUโs methane rule would lock in polluting U.S. fossil-fuel infrastructure at a dire cost to local and global communities.
