Search Results for: "Enron, wind power"
Relevance | DateWoke SVB: Remembering Woke Enron
By Robert Bradley Jr. -- March 22, 2023 No CommentsThe demise of the “Climate Bank” SVB makes a look back at ‘Woke Enron’ timely. This post is an excerpt from Robert Bradley, Jr. Capitalism at Work: Business, Government, and Energy (2009), pp. 309–310.
In the fall of 2001, Ken Lay set the tone for what would be Enron’s last Environmental, Health, and Safety Management Conference:
We believe that incorporating environmental and social considerations into the way we manage risk, govern our projects, and develop products and services will help us maintain our competitive advantage. As we move forward, we will leverage our intellectual capital and innovative capabilities to promote sustainable business practices around the world.
At this meeting, Enron’s Corporate Social Responsibility (CSR) task force listed its “Accomplishments to Date,” which were:
- Secured board oversight of social/environmental performance
- Expressed support for Universal Declaration of Human Rights
- Completed corporate responsibility task force
- Developed and pilot-tested human rights audit
- Developed security and human rights guidelines
- Established formal partnerships with WBCSD [World Business Council on Sustainable Development], IBLF [International Business Leaders Forum], and CI [Conservation International]
- Identified language to strengthen code of ethics
- Providing project support—Calypso, Transredes, Dabhol and Cuiabá
- Responding to stakeholder concerns on an ongoing basis
The goals for 2002 included:
- Formally adopt CERES Principles
- Complete indigenous peoples’ policy
- Specify social/environmental expectations in formal relationships with vendors and contractors
- Review results of stakeholder survey and develop strategy to address outcome
- Create awareness of social/environmental trends among [Enron’s] origination and investment groups
- Add corporate responsibility performance attribute to PRC [Performance Review Committee] process
- Present task force recommendations to Dr.
Milton Howard’s Grid Cancer Projects
By Robert Bradley Jr. -- March 21, 2023 No Comments“It took a decade in Texas, but the cancer grew and spread–thanks, in part, to the very projects that Mr. Howard lists on his resume. Between 3,000 and 4,000 MW of mostly wind but also solar projects are claimed, led by Los Vientos I, II, III, IV, V, and VI….
Milton R. Howard, one of the nation’s leading wind/solar developers (along with the spouse of the Houston Chronicle business editorialist, another story) sees himself as a great man, creating value for society in addition to his employer and himself.
He describes himself as a “people person” who is “making this world a better place than I found it.”
… Continue ReadingI am driven to make things better from an overall economic, social and environmental standpoint. I am passionate and a high achiever but also very much a people person.
Texas’s Central Planning: Duplicating the Grid
By Robert Bradley Jr. -- March 16, 2023 2 Comments“The answer to ensuring a reliable and affordable supply of electricity in Texas is not more subsidies, it is less subsidies. It is getting politicians out of the electricity business.” (Bill Peacock, below)
“The conundrum is that the greater the overall share of renewables in the energy mix, the more customers will have to spend on these largely redundant backups.” (Financial Times, below)
Economists have warned against central planning where a government monopoly is invoked and decisions are made from the center. Free-market analysts also long warned Texas that the government-enabled takeover of the grid with wind and solar (dilute, intermittent all) would cripple the ability of the reliables (gas-fired, coal-fired, and nuclear) to make the grid stable and secure, short of ‘Acts of God.’
But Acts of Political Man won out, and the Great Texas Blackout of February 2021 happened.…
Continue ReadingKing Coal: India, Japan Update
By Robert Bradley Jr. -- March 15, 2023 1 Comment“In a free energy market, Solar + Wind would be whittled down to less than 1-2% of total electricity on [India’s] Grid.” (C. S. Krishandev, below)
“Yokosuka is one of the 22 new coal-fired power plants planned to be built in Japan by 2025, and it is the only coal-fired facility being constructed in Japan’s Greater Tokyo area.” (NS Energy, below)
Two recent social media posts by independent energy consultant C. S. Krishnadev provide an interesting look at recent coal developments. One is on India electricity demand, the other on a coal-for-oil/gas plant conversion in Japan. The upshot: Coal has many decades left as a primary energy to generate electricity.
India Current
Krishnadev provided an interesting update on India’s electrical generation mix:
… Continue ReadingIn a 24 hr period, India consumes 4.2 billion Kwh of electricity.