The Texas-based energy company TXU was, under the Bush administration, supposed to be the cutting edge of a coal resurgence. The 2007 leveraged buyout of TXU is widely regarded to be one of the worst deals in private equity history. But the firms that led it -- KKR, TPG, and Goldman Sachs -- made money with big fees even as the company tumbled toward financial ruin.
"WASHINGTON -- The owner of a small nuclear reactor in Wisconsin said Monday that it would close the Kewaunee Power Station early next year because it was unable to find a buyer and the plant was no longer economically viable."
"SHIPPINGPORT, Pa. -- Chesapeake Energy has a permit to frack just one mile from the Beaver Valley Nuclear Power Station in Shippingport. Whether that is cause for alarm, experts can’t say."
"MADRID -- Farmers drilling ever deeper wells over decades to water their crops likely contributed to a deadly earthquake in southern Spain last year, a new study suggests. The findings may add to concerns about the effects of new energy extraction and waste disposal technologies."
"The day after the November 2010 elections made clear President Obama’s greenhouse-gas legislation was doomed, he vowed to keep trying to curb emissions linked to global warming. There’s more than one way of 'skinning the cat,' he told reporters."
"Amid puzzling indifference shown by elected officials over Enbridge's pipeline plans, townships are stepping up, opponents say—and giving them some hope."
David Hasemyer reports for InsideClimate News October 17, 2012.
SEE ALSO:
"CALGARY -- The ugly scars left on the northern Alberta landscape by the oil sands have prompted calls from around the world for an independent body to gather data on the ecological damage wrought by the energy industry."
"KANSAS CITY, Mo. -- A federal agency says TransCanada Corp. has temporarily shut down its existing Keystone pipeline after tests showed 'possible safety issues.'"
"Job growth is one of the most important issues of the 2012 election, and a recent report suggests that continued investment in green jobs could be a boon to the U.S. economy."
"As the wind industry clamors to renew a key tax credit (again), industry leaders explore how to break free from the boom-bust cycle the subsidy has them trapped in."
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