Cap-and-Trade: The Temple of Enron (James Hansen makes an important political point)

By Robert Bradley Jr. -- May 14, 2009 15 Comments

“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.”

– “Enron Corp.’s Participation in Air Trading,” Enron Capital & Trade Resources, November 4, 1996 (copy in files).

“If implemented, [the Kyoto Protocol] will do more to promote Enron’s business than will almost any other regulatory initiative…. The endorsement of [CO2] emissions trading was another victory for us…. This agreement will be good for Enron stock!”

– John Palmisano (December 12, 1997) from Kyoto, Japan.

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Joseph Romm and Enron: More for the Record

By Robert Bradley Jr. -- May 8, 2009 7 Comments

[Editor note: For an in-depth look at Enron’s political capitalism model applied to the climate-change debate, see Bradley’s Capitalism at Work: Business, Government, and Energy (M & M Scrivener Press, 2009)] 

On four occasions,  Joseph Romm at Climate Progress (Center for American Progress) has deployed an argument ad hominem against me, using my prior employment at Enron and my direct association with Ken Lay (see here, herehere, and here). My response to Romm earlier this week has received thousands of views and several blog links, including here.

The irony here is two-fold. First, Romm ignores the fact that I was an employee who personally challenged the company’s rent-seeking via climate alarmism. Secondly, and more ironic still, Enron was his darling company. Specifically, he was an unpaid consultant and collaborator with Enron Energy Services (EES), whose contracts were money losers, reflecting of paucity of economic energy savings.…

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Joseph Romm and Enron: For the Record

By Robert Bradley Jr. -- May 5, 2009 21 Comments

[Editor note: Also see “Joseph Romm and Enron: More for the Record” (May 8, 2009) and “Enron and Waxman-Markey: Response to Joe Romm” (July 2, 2009)]

The headline at Climate Progress, the blog site of Joseph Romm, senior fellow at the Center for American Progress, read:

MYSTERIOUS INDUSTRY FRONT-GROUP AFFILIATED WITH KEN LAY’S FORMER SPEECHWRITER LAUNCHES ANTI-WAXMAN-MARKEY ADS WITH PHONY MIT COST FIGURE

And here is what Romm specifically says about me:

Who is the [American Energy Alliance]?  Good question.  The AEA says on its website:

“AEA is an independent affiliate of the Institute for Energy Research (IER)….”Aside from the cryptic nature of the oxymoronic phrase “independent affiliate,” it is worth noting that the Institute for Energy Research “has received $307,000 from ExxonMobil since 1998.”

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Christopher Flavin (Worldwatch Institute) on the Benefits of Electrifying the Developing World (quotations from the past to challenge prospective CO2 caps)

By Robert Bradley Jr. -- May 2, 2009 4 Comments

“Today, 1.6 billion people in developing countries do not have access to electricity in their homes. Most of the electricity-deprived are in sub-Saharan Africa and south Asia. For these people, the day finishes much earlier than in richer countries for lack of proper lighting. They struggle to read by candle light. They lack refrigeration for keeping food and medicines fresh. Those appliances that they do have are powered by batteries, which eat up a large share of their incomes.”

– Faith Birol, “Energy Economics: A Place for Energy Poverty in the Agenda?” The Energy Journal, Vol. 28, No. 3 (2007), 1–6, at 3.

Chris Flavin, head of the Worldwatch Institute, has written prolifically (albeit often erroneously) on energy and the environment. Ken Lay, the architect of Enron’s “sustainable energy” vision, was a Flavin fan, keeping this study in his “Desk.”…

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Getting Real: The Oil Majors Move Away from Political Energy (Government-dependent wind, solar are not ready for prime time)

By Robert Bradley Jr. -- April 9, 2009 5 Comments Continue Reading

ExxonMobil’s Tillerson on Renewable Energy: Realism amid Politics

By Robert Bradley Jr. -- March 7, 2009 12 Comments Continue Reading

CERAWeek 2009: Why Didn’t Daniel Yergin Question Climate Alarmism–and Both Cap-and-Trade and Carbon Taxation?

By Robert Bradley Jr. -- February 15, 2009 2 Comments Continue Reading

Windpower: Yet Another Texas-sized Problem (Hurricane Risk)

By Robert Bradley Jr. -- February 14, 2009 2 Comments Continue Reading

The Politicization of Business Prudence

By Robert Bradley Jr. -- February 8, 2009 2 Comments Continue Reading

Climate Alarmism Bullying: L’affaire Schmidt (new) … L’affaire Wigley (old)

By Robert Bradley Jr. -- February 6, 2009 6 Comments Continue Reading