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.
Proposed legislation would further lower regulatory hurdles, despite environmental and public health risks.
Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research.
Bayer’s efforts to sway public opinion are part of a strategy to “fight any sustainable transition which would harm its business”, say campaigners.
Greece’s worst rail disaster ever is the result of the same corporate cost-cutting and deregulation that led to East Palestine and Lac-Mégantic disasters.
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