Arch-capitalists go green

In: Uncategorized

4 Mar 2007

Decisive evidence that the arch-capitalists of Wall Street have gone green. Private investors who are paying almost $45bn to take over TXU, a Texas utility, have accepted stringent environmental conditions. Instead of building the 11 coal-fired power stations that TXU had originally planned it will only build three. Articles in the Christian Science Monitor and the Economist put this into the context of Wall Street increasingly accepting the environmentalists’ case on global warming. The fact that humanity needs substantially more energy production rather than less does not seem to have entered the discussion.

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