Home > Austin, sustainability > TXU will accept broad environmental measures under buyout

TXU will accept broad environmental measures under buyout

under the terms of this buyout, the largest leveraged buyout ever according to this NY Times article, TXU – basically the largest energy supplier in TX – will abandon plans to build 8 of its 11 coal plants that are currently being fast-tracked by Gov. Perry, and look to more sustainable forms of energy production to make up for the deficit. it will also seek to cap its CO2 emmissions at 1990 levels by 2020. that’s pretty ambitious, but incredibly welcome. i was at the rally 2 wks ago on the capitol steps here in austin, protesting this fast-tracking, which would have pushed construction of these plants forward w/o much discussion despite incredible widespread opposition. this deal was pretty much lining the pockets of TXU, while shitting on residents of TX in the form of increased pollution and potential health problems – these plants would not even need to install modern pollution scrubbing equipment.

TXU Buyout: halt on coal plant construction [via NY Times]

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Categories: Austin, sustainability
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