We couldn’t have said it better ourselves. Dr. James Hansen, regarded by many as one of the world’s climate gurus, called for a moratorium on building more coal-fired power plants in the United States. Shockingly, in the next decade alone 159 new coal plants are scheduled to be built, part of Vice President’s [...]

TXU will (most likely) be bought out by Kohlberg, Kravis, Roberts and Co., Texas Pacific Group, and the private-equity group of Goldman Sachs Group, Inc. The acquisition, tagged at $32 billion (plus another $12 billion in TXU debt), would be the largest-ever by a private-equity firm. Included in the deal would be TXU CEO John [...]

Today’s New York Times weighed in on the coal fired power plant today with an opinion piece about Rainforest Action Network’s recent demonstrations outside Merrill Lynch’s office. Last Wednesday, members of the Rainforest Action Network, a scrappy little advocacy group, assembled in New York outside the Citigroup Center, where Merrill Lynch has a branch office. Dressed [...]

We’ve had quite a few people weigh in on this question. Answers all over the board really, but a common theme seems to be developing: focus on alternative energy and cleaning up our emissions. Perhaps my favorite answer of the bunch so far is from Karen in Portland, OR. She says: “I’d buy [...]

Merrill Lynch was visited by a group of billionaires supporting their investment in TXU and their coal fired power plants on Wednesday. However, the bank was also visited by a group of real activists, demanding the bank drop TXU and stop funding dirty coal and global warming. The two made for an interesting day in [...]

Looks like we’ll be working hard for the next several months on the TXU coal power plant issue. Governor Perry’s attempt at “fast-tracking” the decisions to help move the projects along hit a stumbling block today when state judges agreed to delay the hearings after the state of Oklahoma and the Chickisaw Nation, who just [...]

On Tuesday, a group of nearly 100 global corporations came out in support of international greenhouse gas regulations. The Global Roundtable on Climate Change stated, “Failing to act now would lead to far higher economic and environmental costs and greater risk of irreversible impacts.” Therefore, the group urges world leaders to set “scientifically [...]

Some folks are still scratching their heads about why RAINFOREST Action Network is so concerned about oil and coal.  Why waste our time on fossil fuels, they say, when forests around the world continue to fall victim to clear-cut logging? On one hand, the answer is simple: global warming.  On the other hand, it’s hard to [...]

Houston Billionaires for Coal video. Yesterday about 20 Houston activists called on Merrill Lynch to stop funding TXU and any more new coal.

Today at a lunchtime rally in sterile corporatized downtown Houston, the HTX chapter of Billionaires for Coal counter-protested 20 activists from Rainforest Action Network, Houston Global Awareness and Earth First! over Merrill Lynch’s financial support of TXU’s proposed 11 new coal fired power plants in north and central Texas. As the environmental activists fliered [...]