In actual, real fairness to TXU, their position is visible at
http://www.reliabletexaspower.com/index.aspx?id=u_environmentco2
While pages 13 and 14 of the slide show are egregiously misleading, on the
whole the position they are taking is not unreasonable. The coal plants
being built are sequestration ready, and they claim an intent to install
such processes as they become available.
How likely are these processes to come online? Eli has suggested it is close
to workable. Of course, TXU will claim that they are "economically
infeasible" until mandated by law, but at the time of such mandate, they
will have plants available that can be made compliant.
This issue of shareholder lawsuits is something that isn't well-understood.
Corporations are constrained by law to have one and only one purpose; that
is to maximize return on shareholder investment. There are consequently no
good or bad corporations, only competent or incompetent ones.
TXU appears to be doing their job.
It is the regulatory sector and not the corporate sector that is failing. It
may be the case that the people who manage the corporate sector are finally
beginning to understand that the corporations need regulation as much as the
rest of us need them to be regulated. That's one silver lining of our grim
circumstance anyhow.
mt
On 12/9/06, Eli Rabett <[EMAIL PROTECTED]> wrote:
>
>
> I think the issue is more that energy companies who understand the
> situation cannot change without there being constraining regulations to
> hold back the TWXs of the world. They hear the words stockholder suit
> else.
>
>
> >
>
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
Global Change ("globalchange") newsgroup. Global Change is a public, moderated
venue for discussion of science, technology, economics and policy dimensions of
global environmental change.
Posts will be admitted to the list if and only if any moderator finds the
submission to be constructive and/or interesting, on topic, and not
gratuitously rude.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to [EMAIL PROTECTED]
For more options, visit this group at
http://groups.google.com/group/globalchange
-~----------~----~----~----~------~----~------~--~---
