“Enron Lives! in Waxman-Markey. The sooner the public, media, and intelligentsia realize this, the faster cap-and-trade can be put in the dustbin of bad ideas.”
– Cap-and-Trade: The Temple of Enron, MasterResource, May 14, 2009.
Joseph Romm holds a Ph.D. (in physics) from MIT and works for a 501(c)3 foundation. Being highly educated and in the education business, to most of us, means being careful and fair in our arguments–and avoiding reckless ad hominem argument. But not so with Joe as evidenced by his very inaccurate recent post against me.
In “George Will and WattsUpWithThat embrace a proud former shill for a man convicted on fraud and conspiracy charges,” Romm argues that I must be corrupt because of my former association with Enron and Ken Lay–and thus George Will and the mega-site WattsUpWithThat are party to corruption too.…
“This agreement will be good for Enron stock!!”
– John Palmisano, “Implications of the Climate Change Agreement in Kyoto & What Transpired” (1997)
The 219–212 passage of HR 2454 inspires another look at Enron’s infamous “Kyoto memo,” written almost 13 years ago by company lobbyist John Palmisano. Indeed, an Enron memo upon House passage of the Waxman-Markey climate bill would have been similar! Change the dates and some other specifics and the bottom line would be the same–potential gains for Enron’s profit centers in wind, solar, CO2-emissions trading, energy outsourcing, and natural gas.
One can imagine a quotation like this from Enron’s fabled public relations department, hyperbolizing a half-victory into something bigger in the attempt to create a bandwagon effect:
…“This historic vote was heard ’round the world,” stated Kenneth L.
The Houston Chronicle editorials have long been a bastion of climate alarmism and policy activism (see here and here), positions that must be so dear to the paper’s senior management (and owners?) that they have created badwill in the Houston community and no doubt a loss of readership.
One could call this courageous and a good thing if this position was well vetted and intellectually sound. A good paper should lead, not only follow, its audience.
But sadly, this is not the case. The case for regulating carbon dioxide (CO2) is quite questionable on purely physical scientific grounds (examine the empirical data; understand the debate over feedback effects regarding climate models). The balance of evidence is certainly not toward the high end of the Intergovernmental Panel on Climate Change (IPCC) temperature range, and it is, in fact, trending at the low end of this range with a decade of temperature quiet.…