Posted by
BLOGASSAULT on Saturday, December 29, 2007 10:11:04 AM
It's great
so many companies (on their own without any government pressure)decided to find ways to be a little more eco-friendly. Not only are they being more green but they are finding ways to do it cheaper, and that helps the bottom line.
Google seems to be leading the way.
• Google Inc. flipped the switch on one of the biggest solar power arrays in the world to power its headquarters. In addition to pledging to go "carbon neutral," Google launched a massive program to reduce energy consumption in its giant data centers and announced it was investing hundreds of millions of dollars in research to figure out how to make renewable fuels as cheap as environmentally unfriendly coal
There is some government meddling, and I am sure this deal will cost the customers who get their power from TXU.
• In Texas, regulators approved a $45 billion buyout of utility TXU Corp., but only after its new owners -- investment firms Kohlberg Kravis Roberts & Co. and TPG -- agreed to cancel eight of 11 coal-burning power plants it had planned, increase investments in renewable fuels, reduce its carbon emissions and take other steps to address global warming.
But now that the energy company his privately held, after the deal was done,they lowered energy rates by 15%. So even with the mandates to convert to some type of renewable energies, they still managed to cut rates.
Just another reason why the free market works better than government when it comes to running business.