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.
Their access to the summit is proof that Big Oil still holds "a dangerous sway" over the climate process, campaigners say.
Delegationโs composition consistent with new KBPO report revealingย this yearโs U.N. climate talks have the largest number of fossil fuel lobbyists to date.
Labour government accused of being โcomplicit in the fossil fuel industryโs conquest of the COP processโ.
Our changing climate will produce winners and losers. Canada should look to the Global South for a winning strategy.
