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.
The celebrity investor pitched ‘Wonder Valley’ with no committed investors, no Indigenous partnership, and about 27 megatonnes of projected annual emissions.
City Council OKs private equity firm’s purchase of Entergy gas utility, undermining climate goals and jacking up prices for the city’s poorest.
With LNG export terminals already authorized to ship nearly half of U.S. natural gas abroad, DOE warns build-out would inflate utility bills nationwide.
We reflect on a year of agenda-setting stories that charted the political influence of fossil fuel interests in the UK and beyond.
Clearing the PR Pollution
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