Climate Big Winner in TXU Takeover

authordefault
on

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.

Related Posts

on

The SEC move is a warning to the financial industry that false claims about fossil fuel involvement can carry consequences.

The SEC move is a warning to the financial industry that false claims about fossil fuel involvement can carry consequences.
on

Unraveling a $122 million web of climate denial, political extremism, and Trump campaign ties.

Unraveling a $122 million web of climate denial, political extremism, and Trump campaign ties.
on

PR and consulting agencies are being paid millions to focus the worldโ€™s attention on a promised โ€œeco-cityโ€ โ€” obscuring human rights abuses and Saudi Arabiaโ€™s long record of climate obstruction.

PR and consulting agencies are being paid millions to focus the worldโ€™s attention on a promised โ€œeco-cityโ€ โ€” obscuring human rights abuses and Saudi Arabiaโ€™s long record of climate obstruction.
on

Damage to oceans is releasing vast amounts of CO2, despite efforts to market fish as a sustainable food.

Damage to oceans is releasing vast amounts of CO2, despite efforts to market fish as a sustainable food.