kkrc_henry_kravis.jpg- Made a commitment to cancel eight of the dirty coal-electric plants and allocate funds to other environmental efforts suggested by environmental groups when his company KKR invested in the controversial energy company TXU.
- “TXU has outstanding employees dedicated to meeting the increasing long-term energy needs of Texas."
Fred Krupp, President of Environmental Defense, said, “This is one of the most significant developments in America's fight against global warming. Environmental Defense commends KKR (Kavis's company) and TPG for not only dropping TXU's applications for eight proposed coal plants in Texas, but also for the many other commitments they have made to reduce air pollution and global warming emissions, including their support for a mandatory federal cap and trade program to regulate carbon emissions, doubling TXU’s expenditures on efficiency measures and their overall desire to rebuild TXU as a leader in the clean energy economy.
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