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.
A member of staff at the firm advocated for AI deregulation at the Reform-linked conference.
Albertans pay the highest electricity rates in the country and new gas plants for AI data centres could drive costs up further.
A new report reveals oil and gas companies knew as early as the mid-1970s that methane fueled climate change while launching massive PR campaigns to promote natural gas as clean energy.
The industry has abandoned its climate pledges in favor of fossil fuel-powered AI data centers.
