Get your money out of Wind & Solar!!

Energy companies–a grim future, Texas company belly up.

This is close to home, a Texas based energy company on the ropes.

 

Thanks to the enviros and their running dogs in the chattering class, energy companies are in a bit of a bind. After all the Bamster promises to make coal-fired energy a museum piece–right? One thing leftist can do is destroy, that’s actually pretty easy.

Many years ago I worked with an engineer who had moved over to work for Texas Utilities in public relations/legislative affairs. We were battling the air pollution fanatics from the EPA and all their allies in the NGO community, along with people like Laura Miller, an ex consumer greenie advocate who was Mayor of Dallas and put together a coalition of enviros to stop coal energy development. TXU at one point was going to put up 10 coal fired plants and Miller and her hysterical friends were opposed. So along comes KKR, big NY investment outfit and they guy TXU.

I stopped having anyone to work with, cause they caved and scrapped the 10 plants plan. Now they have maneuvered themselves into bankruptcy, a big bust.

You might say that I have spent a lot of time on a losing cause–because the army arrayed on the other side is flush with the 20 billion a year that goes to the lefty green movement.

Here’s a story by Tucker on the death of Energy Futures, a company that came out of the buy out many years ago of Texas Utilities and the decision by the investment firm to try to make Texas Utilities a green friendly company. Nice going boys.

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