Connect with us

Texas

Lt. Governor Dan Patrick: Statement on the Upcoming Texas Power Grid Investment Summit – Lieutenant Governor Dan Patrick

Published

on

Lt. Governor Dan Patrick: Statement on the Upcoming Texas Power Grid Investment Summit – Lieutenant Governor Dan Patrick


 

AUSTIN – Lt. Gov. Dan Patrick issued the following statement regarding the Texas Power Grid Investment Summit to be held on February 6th in Houston.

“The Texas economy is red-hot. We are global marketplace leaders as our conservative policies, including no income tax and minimal regulation, continue to attract businesses and grow jobs. We have added nearly 12 million people since 2000. Improving the Texas grid is essential for the Texas Miracle to continue throughout the 21st century and beyond.

Advertisement

“We must have reliable dispatchable generation to meet the ever-increasing demand. Since becoming Lt. Governor, the Senate and I have fought for more dispatchable gas-fired generation available on the Electric Reliability Council of Texas (ERCOT) grid.

“Texas leads the nation in wind energy and is increasing our solar energy footprint. Renewables are an important part of our energy portfolio. However, over the last 15-20 years, renewables have received the bulk of federal energy incentives, creating an uneven playing field for investment in dispatchable power.

“The result is we no longer have enough immediately dispatchable generation to power the grid during critical times when the wind is not blowing, and the sun is not out. We need 10,000 MW of dispatchable power and natural gas plants as soon as we can build them. This need was highlighted in 2021 when Winter Storm Uri devastated our state.

“Another issue of great concern is Wall Street turning its back on our vital oil and gas industry and the millions of Texans who rely upon it. In 2021, during the 87th Regular Session, I prioritized Senate Bill 13, by Sen. Birdwell, R-Granbury, to defend and support our oil and gas industry by creating a blacklist of companies we believed were not fossil fuel-friendly. We aimed to encourage Wall Street to increase their investments in Texas fossil fuels and drop ESG and DEI requirements from any negotiation.

“Last year, BlackRock Chairman and CEO Larry Fink reached out to me to meet after the company was placed on that blacklist. He has traveled to Texas twice. Both meetings were productive and positive. The second meeting was the catalyst for the upcoming conference.

Advertisement

“I am pleased that BlackRock is inviting potential investors from Texas and across the country to Houston on February 6th. The goal is to strengthen our grid by encouraging the building of natural gas plants either by direct investment or by taking advantage of the incentive plan we passed in SB 2627 by Sen. Schwertner, R-Georgetown, in 2023 during the 88th Regular Session.

“My stance on Environmental, Social, Governance (ESG) and Diversity, Equity, and Inclusion (DEI) policies have not and will not change. They should not be part of any funding agreement in Texas.
“I appreciate BlackRock, especially Larry Fink, for bringing a variety of investors to this conference. I look forward to this summit and finding partners who share our vision. Texas is, by any measure, the best place on the planet to invest.

BlackRock Chairman and CEO Larry Fink issued the following statement:

“This Summit represents a unique opportunity for a wide array of energy market leaders in Texas to shine a light on a complex, but important issue. We’re happy to partner with Texas officials to discuss the potential for new investment in this critical infrastructure sector. Bringing together the capital, the opportunity, and the decision-makers can help lead to a renewed development boom in the power sector in Texas. However, the challenge of creating greater grid resilience at an affordable price isn’t unique to Texas—it’s a challenge across America. Texas and Lt. Governor Patrick are demonstrating leadership in seeking to address it.”

Advertisement





Source link

Texas

Texas sues Netflix, alleges platform spied on kids and collected data

Published

on

Texas sues Netflix, alleges platform spied on kids and collected data


The state of Texas announced a lawsuit against streaming giant Netflix on Monday, accusing the company of spying on children and other consumers by collecting their data without consent and designing the platform to be addictive.

Texas claims that Netflix has falsely represented to consumers that it didn’t collect or share user data while it actually tracked and sold viewers’ habits and preferences to commercial data brokers and advertising technology companies.

Advertisement

The lawsuit, filed by Texas Attorney General Ken Paxton, claims that “Netflix’s endgame is simple and lucrative: get children and families glued to the screen, harvest their data while they are stuck there, and then monetize the data for a handsome profit.”

The state of Texas announced a lawsuit against streaming giant Netflix on Monday. (Nikos Pekiaridis/NurPhoto via Getty Images)

“When you watch Netflix, Netflix watched you,” Texas added in the lawsuit.

NETFLIX CO-FOUNDER REED HASTINGS TO STEP DOWN, DEPARTURE IS ‘SPOOKING INVESTORS’

Ticker Security Last Change Change %
NFLX NETFLIX INC. 85.39 -2.10 -2.40%

The complaint quotes comments made by former CEO Reed Hastings who said in 2020, while he was still leading the streaming company, that “we don’t collect anything,” amid questions over Big Tech companies’ data collection practices.

Advertisement

Netflix was also accused of quietly using “dark patterns” to keep users watching on its platform, such as an autoplay feature that starts a new show after a different show ends.

NETFLIX RAISES SUBSCRIPTION PRICES ACROSS ALL PLANS

Texas Attorney General Ken Paxton filed the lawsuit. (Cheney Orr/Reuters)

Paxton said in a press release that Netflix “has built a surveillance program designed to illegally collect and profit from Texans’ personal data without their consent, and my office will do everything in our power to stop it.”

The attorney general said he’s charging Netflix under the state’s Deceptive Trade Practices Act and seeks to require Netflix to stop the unlawful collection and disclosure of user data, require Netflix to disable autoplay by default on kid’s profiles, and to secure injunctive relief and civil penalties.

Advertisement

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Business reached out to Netflix for comment.

Reuters contributed to this report.



Source link

Advertisement
Continue Reading

Texas

6 people found dead inside a boxcar in Texas, officials say | CNN

Published

on

6 people found dead inside a boxcar in Texas, officials say | CNN


Six people were found dead inside a cargo train boxcar in a Texas city along the southern border on Sunday, officials said.

The bodies were found in a Union Pacific train at a rail yard in Laredo, around 160 miles south of San Antonio, just after 3:30 p.m. local time, said Jose Espinoza, a public information officer with the Laredo Police Department.

The circumstances of their deaths are unknown, said Laredo police spokesperson Joe Baeza, according to CNN affiliate KGNS, and an investigation is underway.

Union Pacific operates across the border and is the only railroad that services all access points into Mexico, according to the freight company’s website.

Advertisement

Temperatures on Sunday afternoon in Laredo were in the low-mid 90s, though it’s unclear whether heat was a factor.

Union Pacific said it was saddened by the incident and is working closely with law enforcement to investigate.

Laredo police said they received a call around 3 p.m. from an employee at the Union Pacific rail yard, KGNS reported. The bodies were discovered during a routine rail car inspection, police said. No survivors were found.

CNN has reached out to Laredo police for more information.

“It’s a very early phase of the investigation. There’s not a lot to reveal right now,” Baeza said, KGNS reported.

Advertisement

The immigration status and ages of the deceased are not yet known, Espinoza said.

US Customs and Border Protection referred CNN to the Laredo Police Department, saying “The incident remains under investigation by Laredo Police Department and Homeland Security Investigation and Texas Rangers.”

CNN has reached out to the Department of Homeland Security, HSI and the Texas Department of Public Safety.

“It’s a very unfortunate event,” Espinoza told CNN. “It was too many lives that were lost.”

This story has been updated with additional information.

Advertisement



Source link

Continue Reading

Texas

Gov. Abbott activates state emergency resources ahead of severe storm threat

Published

on

Gov. Abbott activates state emergency resources ahead of severe storm threat


Gov. Greg Abbott on Sunday directed the Texas Division of Emergency Management to activate state emergency response resources as a massive storm system threatens much of the state with hurricane-force winds, giant hail, and the risk of tornadoes.

Severe weather in Texas

The severe weather, expected to last through Monday morning, covers a vast footprint including West, North, East, Central, and South-Central Texas. Forecasters warned the system could produce wind gusts exceeding 75 mph and hail larger than 2 inches in diameter.

Advertisement

What they’re saying:

“Texas is prepared to confront the severe storms that pose a threat to communities all across our state,” Abbott said in a statement. He urged Texans to monitor local forecasts and warned motorists never to drive through flooded roadways, invoking the phrase, “Turn Around, Don’t Drown.”

Advertisement

Heavy rainfall is expected to be widespread, with some areas potentially seeing isolated totals of 3 to 6 inches, which could lead to significant flash flooding. As the system progresses, the threat is expected to shift toward the South and Southeast Texas coasts.

LIVE RADAR

In preparation, the governor has deployed a wide array of state assets to assist local officials, including:

Advertisement
  • Search and Rescue: Swiftwater and floodwater rescue boat squads and urban search and rescue teams from Texas A&M Task Forces 1, 2, and 3.
  • Aviation and Marine Support: Helicopters with hoist capabilities from the Department of Public Safety and Texas Parks and Wildlife, as well as Tactical Marine Units.
  • Infrastructure and Recovery: Texas Forest Service saw crews to clear debris from roads and Department of Transportation personnel to monitor highway conditions.
  • Medical and Utility Support: Emergency medical task forces with ambulances and all-terrain vehicles, along with monitors from the Public Utility Commission to coordinate power outage responses.

State agencies are also monitoring the state’s natural gas supply and water quality as the storms move through.

Officials encouraged residents to assemble emergency kits and check road conditions at DriveTexas.org before attempting to travel.

The Source: Information in this article is from the Governor Greg Abbott Press Office.

Advertisement

TexasSevere Weather



Source link

Continue Reading
Advertisement

Trending