Economy & Business

"A Record Buyout Turns Sour for Investors"

The Texas utility formerly known as TXU seems to be turning out a big bust for investors. It's a story that goes back to the political and economic failure of the Bush-era plan to build hundreds of coal-fired electric plants -- and the fact that the go-go pace of natural gas drilling has pushed the price of that commodity down for the long term.

"Struck at the peak of the buyout boom five years ago, the $45 billion acquisition of the Texas energy giant TXU — the biggest leveraged buyout in history — has been a painful investment for its private equity owners.

Source: NY Times, 02/29/2012

"The Lorax: Blowing Smogulous Smoke"

"Fans of The Lorax have raised concerns that the new big-screen version is neglecting the environmental message of the beloved Dr. Seuss book. The movie doesn't come out until March 2, but the initial trailer and promotional materials ignited a round of complaints on the web. Now people are having a (rather justified) heart attack about the fact that The Lorax is now being used to cross-promote a new SUV."

Source: Mother Jones, 02/24/2012

Mining Industry Threatens Journals To Keep Diesel Exposure Data Secret

The Patton Boggs lobbying firm, which represents the mining industry, has sent letters threatening unspecified legal action against four scientific journals if they publish results of a study about the exposure of miners to diesel emissions, according to Science magazine.

EXPOSED: 19 Corporations Funding Climate Denier Think Tank Heartland

"Internal documents acquired by Think Progress Green reveal that the climate-denial think tank Heartland Institute received funding from at least 19 publicly traded corporations in 2010 and 2011. The companies’ combined contributions exceeded $1.3 million for an array of projects. As Think Progress Green reported on Tuesday, the Heartland Institute’s projects included a secret plan to teach children that climate change is a hoax."

Source: Think Progress, 02/20/2012
June 20, 2012 to June 22, 2012

Rio+20 United Nations Conference on Sustainable Development

The Conference will focus on two themes: a green economy, in the context of sustainable development and poverty eradication; and the institutional framework for sustainable development.

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