Environmental groups have an impact on KKR buyout of TXU Corp - aka Texas Utilities (TXU). They managed to force the company to reduce the total number of coal plants being planned in Texas from eleven to three. Article at Business Week Online. Rain Forest Action Network on "What Happens Next" The Daily Grist calls it "Texas Fold 'em"
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| The Powerlessness of Green |
| Written by Michelle Haimoff | |||
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When we see a documentary that tells us how limited our time is before the world implodes, our first thought is, “Wow,” and the second is, “Let’s see who called my cell phone while I was at that documentary.” The reason for this is that we, as a society, do not have the resolve to stop a problem 50 or 25 or even 10 years before it affects us. This is not because we’re selfish brutes only interested in our own best interest, though of course we are, but rather because we are shortsighted. We put things off until we absolutely have to deal with them, and then we put things off some more. This is why there is such thing as credit card debt and the morning after pill and the tobacco industry. It is the basis for late charges on car rentals and library books, and the reason that flights are so expensive if you book them the day before a trip. It is the reason, as Thomas L. Friedman points out in his April 15th New York Times Magazine article “The Power of Green,” that things like profit and punishment will help America “get its groove back,” and the reason that climate scientists are so aggravated when their announcement of the impending apocalypse falls on deaf ears. In the article, Friedman discusses a number of semi-inconvenient military and economic ways for the country to go green. A like-minded article in this week's New York Magazine, entitled "Greener Postures: Hacking Through the Biodegradable, Zero-Carbon, Ecochic Overhype," discusses 12 fully inconvenient ways for individuals to go green, along with an analysis of the ecochic items, such as an oil-drum coffee table, a hand crank washing machine, a bat house, elephant dung notepaper, a solar-powered bag (and not one of Voltaic's), soy clothing, a toilet top sink, washable menstrual pads, a plastic bag drying rack, a squeegee for the body (one of the authors pointed out that he could just use his hand), carbon-neutral weddings and a recycled coffin. Although the articles address different spheres of American life, the same question emerges of whether we are ever going to compromise our comfort, convenience or bottom line, as individuals or as a country, for the sake of the environment. ![]() Photo:madalena_pestana, Creative Commons, Flickr
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