“THIS AGREEMENT WILL BE GOOD FOR ENRON STOCK!!” (Enron’s Kyoto memo turns 24)

By Robert Bradley Jr. -- December 15, 2021 No Comments

Ed note: With the 20th anniversary of Enron’s collapse in the news, the underside of the company’s climate/energy strategy deserves another look. (Bradley’s personal experience is recounted here.)

This week, a Hall of Shame business memo turned 24 years old. Dated December 12, 1997, it was written from Kyoto, Japan, by Enron lobbyist John Palmisano in the afterglow of the Kyoto Protocol agreement.

Global green planners were euphoric that, somehow, someway, the world had embarked on an irreversible course of climate control (and thus industrial and land-use control). But Kyoto predictably failed, expired, and the Paris climate accord of 2015 teeters, with COP26 turning into a “let’s talk next year” at COP27.

Palmisano’s memo cites the benefits for first-mover ‘green’ Enron. Enron, in fact, had no less than six profit centers tied to pricing carbon dioxide (CO2)–and seven if CO2 were capped and traded.)…

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Texas’s Renewables: How Did the Problem Start? (Enron, Republicans Running Wild)

By Robert Bradley Jr. -- August 23, 2021 No Comments

Ed. Note: This post from 12 years ago recounts the political origins of the Texas wind power boom. It is also the prehistory of the Great Texas Blackout of February 2021. Note that critics of Texas’s intervention warned of reliability problems.

“Texas is the nation’s leader in wind energy thanks to our long-term commitment to bolstering renewable energy sources and diversifying the state’s energy portfolio.”

– Rick Perry, Texas Governor

“Our representatives [in the Texas Legislature] now have less than six weeks to pass the best of nearly 100 bills that have been introduced on clean power and green jobs. These energy efficiency and renewable energy bills set the stage for rebuilding, repowering and renewing our state’s economy during tough times. They will build a sustainable future for Texas.”

– Sierra Club, Environmental Defense Fund, Public Citizen, April 2009

As reported by Russell Gold in the Wall Street Journal, (April 23, 2009), Texas, which has the strictest renewable energy mandate in the country, is about to increase its quota for the third time.…

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Getting in the Houston Chronicle (back window better than nothing, I guess)

By Robert Bradley Jr. -- July 28, 2021 No Comments

I have noted many times how the old hometown Houston Chronicle had gone from Left to Hard Left on energy and climate policy in the last decade or more. (Also see here and here.)

I am been a victim, with enough op-ed rejections (as in no response) to discourage me from submission.

But from time to time, I write a letter-to-the-editor on some egregiously biased energy piece. Chris Tomlinson, whose mind is about as closed and pen as vitriolic as they come (bitterness?), gets my goat in particular.

Dry Hole

And so several weeks ago, I sent this letter in, which got no response or publication regarding: “Conservative group takes on climate change” by Chris Tomlinson (Houston Chronicle, July 5, 2021).

The latest Republican interest in climate change activism remains a far cry from 2008 when a televised commercial had Newt Gingrich on a couch with Nancy Pelosi extolling cap-and-trade “to address climate change.”

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Lay/Bush/Perry: Fathers of the Texas ‘Clean-Energy Powerhouse’ (an ERCOT backstory)

By Robert Bradley Jr. -- March 8, 2021 1 Comment

“‘I think ultimately we’re headed for an era in which my grandchildren will be driving electric cars, powered primarily by renewable energy,’ [George W.] Bush said. Oil, he said, brings economic, environmental and national-security problems.

– Kate Galbraith, “W. is for Wind,” Texas Tribune, May 25, 2010.

Let history note that Enron and Texas governors George W. Bush and Rick Perry created an industry that consumers in a free market did not. With the help of the federal Production Tax Credit of the Energy Policy Act of 1992, since renewed 13 times, as well as the $6.9 billion CREZ transmission line, Texas became the wind power state on the backs of national taxpayers and in-state ratepayers.

Bush’s “America is Addicted to Oil” reference in his 2006 State of the Union address did not come out of nowhere.…

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Remembering Enron (Bankruptcy & layoffs 19-years ago today)

By John Jennrich -- December 2, 2020 4 Comments Continue Reading

Global Warming Activities at Enron: At the Center (Part I)

By Bruce Stram -- January 27, 2020 1 Comment Continue Reading

Why is California Blaming Wildfires on a Small Percentage of Downed Power Lines? (Part I)

By -- November 13, 2019 5 Comments Continue Reading

Capitalism as Seen by the Left: “The Age of Enron”

By Robert Bradley Jr. -- July 16, 2019 5 Comments Continue Reading

“Enron Ascending: The Forgotten Years” (Book Review)

By John Olson -- June 2, 2019 4 Comments Continue Reading

Trump on Wind Power’s Problems (cancer too)

By Sherri Lange -- April 11, 2019 35 Comments Continue Reading