Pickens paring down wind farm project | News for Dallas, Texas | Dallas Morning News | Energy | Dallas Business News
T. Boone Pickens' plan to build the world's largest wind farm is off.Coal Industry Sees Life or Death in Senate Climate Debate - NYTimes.com
Instead, Pickens said he will build five or six smaller wind farms, in the Midwest and possibly Texas, though he hasn't settled on locations.
Before the markets declined, Pickens managed more than $4 billion in the funds. Now the funds hold about $1.5 billion.
When people in the coal business talk about "the valley of death," they are referring to a grim place not located near any mine. It is an economic chasm that the industry fears awaits it if the Senate approves climate legislation similar to what passed the House.