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.
Presence of high-polluting companies erodes trust in the UN process, say campaigners.
After MEPs voted to gut Europeโs flagship climate transparency law, concerns are mounting that the Big Four will dominate and dilute corporate sustainability audits.
Doctors and models extol the virtues of meat as climate impacts of industrial farming face scrutiny at COP30 โ the global climate summit.
Their access to the summit is proof that Big Oil still holds "a dangerous sway" over the climate process, campaigners say.
