On the Environmental Front...
Huge news for the Global Warming advocates....
The TXU Corporation, the Texas energy giant that had become the whipping boy of the nation’s largest environmental groups, was in talks to be sold to a group led by Kohlberg Kravis Roberts & Company and Texas Pacific Group, two large private equity firms.
Meaning that plans for the construction of 8 of 11 coal-fired power plants TXU had hoped to build are terminated. Just one of many wins!
This is a huge victory for the environmental community. It sends a clear message about the undeniable momentum in Environmental Defense's campaign, calling for federal global warming legislation.
source
The TXU Corporation, the Texas energy giant that had become the whipping boy of the nation’s largest environmental groups, was in talks to be sold to a group led by Kohlberg Kravis Roberts & Company and Texas Pacific Group, two large private equity firms.
Meaning that plans for the construction of 8 of 11 coal-fired power plants TXU had hoped to build are terminated. Just one of many wins!
This is a huge victory for the environmental community. It sends a clear message about the undeniable momentum in Environmental Defense's campaign, calling for federal global warming legislation.
source
Labels: global warming, Kohlberg Kravis Roberts and Company, legislation, Texas Pacific Group, TXU
posted by Chris at
11:29 AM
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