[Editor note: The following post, “Cap-and-Trade: The Temple of Enron,” appeared one year ago in MasterResource.  It is being reprinted in conjunction with the release of the outlines of the Senate energy/climate proposal. Robert Bradley, formerly with Enron, further documents Enron’s cap-and-trade shenanigans in other MasterResource articles listed at the end of this post. Two press releases from the Competitive Enterprise Institute and the Institute for Energy Research on the Senate outline are reproduced as well.]

“Since 1976, Enron [and predecessor company] employees have been at the forefront of developing air credit trading policies for governments and businesses…. Enron today is the largest and most sophisticated air emissions credit and allowance trading organization in the United States. Since 1990, Enron has participated in over 80 SOx allowance transactions and has also been active in establishing policies for trading NOx in the United States and carbon [dioxide] world-wide.”

[Editor note: Bradley is currently working on the second volume of his political capitalism trilogy. Book 1, Capitalism at Work: Business, Government, and Energy, came out last year.  Edison to Enron: Energy Markets and Political Strategies (Scrivener Press/John Wiley & Sons) will examine the rise and fall of the father of the modern electricity industry, Samuel Insull. Publication of Book 2 is scheduled for year-end.]

“Several electric utilities, including nuclear power giant Exelon and PG&E, joined more than 170 businesses to punctuate the importance of placing a price on carbon through a complex bill that is facing a political impasse.”

 – Evan Lehmann, “Businesses Push Reid to Abandon Immigration for Climate,”E&E News, April 29, 2010

The Edison Electric Institute has controversially thrown its support behind cap-and-trade legislation sponsored by Sens.…

[Editor note: This is Part V of a series of posts on the political activism of climate scientists at Texas A&M.]

“I really enjoyed the ‘fact’ that I saved you from being a ‘climate alarmist’. Frankly, your descriptions of my colleague Andrew Dessler are outrageous. You seem to forget that he spent several hours tutoring you and your student from [Kinkaid] on climate change during a university holiday. As I said to Steve McIntyre after spending hours trying to help him, then being mocked in his blog, ‘No good deed goes unpunished’. I am afraid to say anything more to you via email.”

– Gerald North to Rob Bradley, April 17, 2010 (cc Eric Berger, William Dawson, Andrew Dessler)

Dear Jerry:

I asked for substantive feedback from you to my post(s) and instead got a sarcastic, emotional response.…

“Instead of the fear-baiting warnings that the U.S. is being outspent on renewables [by China], a better question might be: what are we getting for our money?”

– Loren Steffy, “Scrubbing the Data on Clean Energy Investment,” Houston Chronicle, March 27, 2010.

Loren Steffy is the most read and respected voice at the Houston Chronicle on business and related policy issues, the paper’s editorial board notwithstanding. And on energy, he smells a rat with the ‘clean energy’ mantra that comes on high.

Steffy has documented the role of Enron in the government-created Texas wind power boom. He deconstructed the all pain-no gain nature of the House-passed Waxman-Markey cap-and-trade bill before the rest of the country caught on. And most recently, he has called out the non sequitur of a new study, “Who’s Winning the Clean Energy Race,” recently released by the Pew Charitable Trusts via the Pew Environmental Group.…