Victory Against New Coal Plants

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The Texas-based utility company TXU’s plans to build 11 new coal plants, with funding from firms such as Merrill Lynch, have been scuttled. Two equity firms will buy TXU under terms that include trashing the controversial plans. The group Billionaires for Coal had staged protests outside Merrill Lynch offices last week. At about the same time, equity firms entered into negotiations with environmental heavyweights National Resources Defense Council and Environmental Defense, asking the groups what it would take for them to support the buyout. TXU will instead look to develop cleaner energy holdings. The New York Times is touting the deal as a beacon of what financial dealings may look like in “a regulatory and public-relations landscape in an era of climate change.”

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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