CARBON MANAGEMENT

The company sold three days after this announcement for $45 BILLION so maybe the gift was no big deal.

TXU-Power funds carbon management project at UT-AUSTIN
February 23, 2007 (Dallas Business Journal)
- TXU-Power…is donating $1.8 million to a University of Texas at Austin research project on carbon management.

- TXU Power…a subsidiary of…TXU Corp…recently [came] under attack from some environmental groups that say the company's plan to build 11 coal-fired power plants in Texas will exacerbate the state's pollution problem…the Rainforest Action Network picketed Merrill Lynch offices across the country urging the bank to pull out of a deal to finance the coal plants. The group contends that the coal-fired plants will emit 78 million tons of carbon dioxide a year.
- Carbon is not a regulated emission, but in anticipation that it may soon be regulated, TXU is making its plants carbon capture and storage ready, which means they are being built with enough room that carbon capture technology can be added…
- The carbon management program at UT aims to develop technology that could reduce carbon dioxide emissions from coal-fueled power plants by 90 percent.
- TXU's donation will cover a six-year program to improve an existing process for capturing carbon dioxide so it uses at least 10 percent less energy…The money from TXU Power will be matched from a dozen or more other power companies…