“Corporate policy makers entering the fray should be guided by two principles…. First, mandatory GHG programs should be rejected in favor of voluntary approaches….  Second, voluntary actions by corporations should not go beyond win-win ‘no regrets’ initiatives. Control practices that are uneconomic penalize either consumers or stockholders and politicize the issue of corporate responsibility.”

– Robert Bradley, “Climate Alarmism and Corporate Responsibility.” Electricity Journal, August/September 2000.

It was called corporate social responsibility (CSR). Today, it has morphed into Environmental, Social, and Governance (ESG).

Upon the election of Donald Trump, the environmental Left redoubled its effort to politicize business on the climate issue. The subtitle to an early 2017 article in Yale Climate Connections, for example, “Business Leadership on Climate Seen as Key,” read: “With expectations of a much lower federal leadership role on controlling carbon emissions, key sectors of business community seen by some as maintaining momentum.”…

Ed. note: The third part in this series covers IER as a full-time organization, which occurred in 2002, some 13 years after its founding (in 1989). Part I covered the history of the Institute for Humane Studies–Texas, the forerunner to IER. Part II reviewed the formation and early history of IER in Houston, Texas.

——————————-

Q1. Roger Donway: The last interview explained your dual life as a full-time employee of Enron Corp. and the president of the “think bucket” IER. How did IER emerge full time?

A1. Robert Bradley Jr.: My Enron life ended a day after the company declared bankruptcy on Sunday December 1, 2001. I was part of the mass layoff the next day. Some 4,000 of us were let go where we were told to clear out our desks and leave.

“When the black day of August 15, 1971 arrived, we free-market economists predicted that shortages of all sorts of products would result from the price control…. On the day of the freeze, everything seem[ed] to be functioning smoothly, and so the general mood [was] one of euphoric success.”

“When Tricky Dick imposed Phase I in August, 1971, price inflation was proceeding at something like a rate of 4% per year. Now, after 4 1/2 ‘phases’ of varying degrees of price dictation, and continued monetary inflation by the government, we are suffering a price inflation rate of something like 10% per year.”

August 15, 1971, was the day that President Richard Nixon shocked the country, and indeed the world, with a price control order. Everything—all goods and services, as well as wages and interest rates—were frozen for 90 days.…

Many Denton customers were stuck with astronomical electricity bills under the green power “choice” plans.

Denton, Texas, population 140,000, located in the Dallas-Fort Worth metroplex, received national media attention for its $9,000 per megawatt hour ($9.00 per kilowatt hour) electricity price spike during the February 2021 Texas Freeze power crisis. 

Although not reported by the media as such, it was an unintended consequence of naive green dreams and “environmental justice” gone wrong.

“Green” Energy Planning

Home to two universities and a junior college, Denton is a Progressive Left city that:

• Banned fracking within its city limits (later reversed by Gov. Abbott)
• Contracted for 180 megawatts from the Blue Bell Solar Plant
• Recorded 40 percent renewables, partly by ending its contract with the now mothballed Gibbons Creek Coal Power Plant
• Built its own natural gas power plant (2018) to provide backup power to its customers and sell the excess into the ERCOT grid.