Join Rainforest Action Network and our allies as we hold a day of action across the country to stop TXU. We’ll be targeting the lead financial arrangers of dirty coal development - telling the banks “Stop Funding TXU’s Dirty Energy” and “No New Coal Plants”. We can stop Merrill Lynch, Citigroup, Morgan Stanley and others from funding TXU’s dirty coal plants and push them to support clean, renewable energy. If they can’t get the $11 billion loans for this project - then the project is sunk! Join us!
Let the banks know that they can’t bank on climate destruction!
We have confirmed actions in New York, San Francisco, Los Angles, Washington D.C., Boston and more! To get involved and download free materials, handouts, and signs visit:
http://dirtymoney.org/txu/join_us_feb_21st/feb_21st_day_of_action/
—-What is TXU and their dirty plan?—-
Dallas-based utilities company TXU is proposing to build 11 new pulverized coal-fired power plants in the country’s leading carbon polluter, Texas. These new plants would:
* More than double TXU’s carbon dioxide (CO2) output, increasing it by a massive 78 million tons of CO2 per year.
* Be the equivalent of 14 million new cars on the highways
* Put more emissions out than 21 US states
* Negate Japan’s commitment to the Kyoto Protocol
* Impose costs of at least $6.6 billion a year (with CO2 estimated costs at $85 a tone) over 50 years
* Lock-in a new generation of old-school power plant technology
* Take us in the opposite direction of any reasonable climate progress.
Several groups have challenged TXU within the political and regulatory spheres. A broad and diverse collection of individuals and groups have come together to try and stop the plants including over twenty Texas municipalities, state legislative leaders, evangelicals and local and national environmental groups.
TXU is seeking $11 billion in financing from the world’s largest banks to build its polluting coal power plants. RAN’s Global Finance Campaign is making sure that the bankers on Wall Street and around the world know that they should consider TXU a “No Go Project.”
Check out http://dirtymoney.org/txu/ for more info
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I have to disagree with a few of your remarks. First, as an expert in Power Distribution (for over 30 years, mainly in the SW), TXU is making the best decision to keep-up with the demand for energy. I know this company and am knowledgable and understand the enery industry. Yes, we need to be prudent and address global warming and other environmental concerns and TXU is a leader in this effort. Did you know they are the #1 purchaser of wind-power and other renewable resources in the entire state? This company is not a fly-by-night company and has performed exceptionally in land reclammation, planting hundreds of thousands of trees, investing in future technologies, etc. Fact: Texas is a top user of energy in the country and the demand for more will increase. We, in the power and transmission & distribution field see cause for concern. Fact: If companies like TXU and Reliant are deterred in their quest to meet Texans’ demands, we WILL be faced with shortages. Fact: The proposed 16 plants WILL be state-of-the-art and will eventually replace aging, truly dirty plants throughout Texas. Fact: TXU and Reliant have performed extremely well to meet or exceed EVERY EPA emissions standard. (What proof do you have that all of the sudden, they’ll stop their tradition?) Also, the coal gasification plants (of which there are only 2 in the USA) have an inherent risk for an operator and company — like TXU — to invest so much in. They do not have the proven track record that investors, lenders, and energy-customers must have. I am very familiar with California’s brown-outs and the ’cause’…from my colleagues. There are many reasons Power companies did not build any power plants for over 10-years in CA and they paid the price (literally). But YOU do the research into CA’s stupidity. Your spin about “dirty coal” is out of proportion. You are talking about micronic particles of C02 that will NOT make us all sick. The proposed plants will, however, eliminate ‘real’ pollutants like NOX and other truly dangerous chemicals. The other thing that I like about TXU’s plan is that (according to their execs) these plants would be easily retrofitted with new technology once commercially viable and/or quality standards are imposed. Fact: TXU has ALWAYS complied with EPA regulation. Their record speaks for itself. Finally, I would like to know from you. If YOU were in-charge of TXU — its customers (including people dependant on life support equipment, the elderly, the low-income, etc),…and you were responsible for rate-payers money, and all the Retail Electric Providers (about 100 in Texas who also purchase power from TXU and others), and the overall demand, reliability, and necessity of electricity — what is your plan??? — Manny Flores, Arlington TX
there’s no way I would ever build a new coal or nuclear plant.
energy efficiency and conservation are the cheapest, cleanest “source” of energy that we have the Electric Power Research Institute, the Electric Utilites think tank even estimates that we can reduce our usage 27-44% without affecting our quality of life!) I would heavily invest in that before even considering new power generation of any kind.
then I would only invest in clean technologies that don’t cause global warming and that don’t poison people.
have you ever visited a community where coal mining takes place? would you live there? have you been to Alaska and visited locals who’s towns are being washed away, who’s way of life is being taken away by a chaning climate? have you met people who’s island homes are being washed away?
I have and I could never live with myself if I knew I was part of destroying these communities.
we have to stop the construction of all new coal and nuclear plants!! climate and energy justice now!