Road to Kyoto: Letter from Ken Lay to George Bush (April 3, 1992)
“[Enron was] the company most responsible for sparking off the greenhouse civil war in the hydrocarbon business.”
- Jeremy Leggett, The Carbon War (London: Penguin Books, 1999), p. 204.
“The United States fully intends to be the world’s preeminent leader in protecting the global environment. [E]nvironmental protection makes growth sustainable…. [This] recognition … by leaders from around the world is the central accomplishment of this important [United Nations] Rio Conference.”
- George H. W. Bush, “News Conference in Rio de Janeiro, June 13, 1992.
The rise and fall of Enron Corp. is Exhibit A by government advocates for increasing regulation of what is seen as unbridled, market-failure-ridden capitalism. As one economics textbook states: “The story about Enron reminds us of a serious fact of economic life—that markets fail….” [2]
But upon closer inspection, Enron is Exhibit A against political capitalism, not free-market capitalism. Enron was about the political means, or rent-seeking, rather than about economic means of consumer service.
Enron is a fascinating case study about the perils of interventionism, not the perils of business in a free society.
Ken Lay and Enron set in 1990 set out to become the world’s first natural gas major; the most innovative and reliable provider of clean energy worldwide for a better environment. [1] The enemy to natural gas was coal, and Lay worked not only to remove artificial advantages of coal over natural gas (Fuel Use Act of 1978; incremental pricing rate design, etc.). He worked to reverse the tilt in favor of gas.
Before Lay and Enron were done, seven profit centers were created around the climate-change issue, or more specifically, pricing carbon dioxide (CO2). And when the Kyoto Protocol was signed in December 1997, a euphoric Enron lobbyist wrote back home: “This agreement will be good for Enron stock!!).
So where did the road to Kyoto begin, both in terms of Enron and the United States?
Just perhaps it began with a three-page, carefully orchestrated letter from Enron’s chairman Ken Lay to George H.W. Bush in April 1992, a few months ahead of a major kickoff UN global warming meeting . A reluctant Bush went, spoke … and the rest is history.
Here are some key excepts from Lay’s letter (which was cc’d to Clayton Yeutter and C. Boyden Gray): [Read more →]
- See more at: http://www.masterresource.org/category/enronken-lay/#sthash.kGW2r1rq.dpuf
Replies
Global warming is very real. The highest yearly average temperatures in all the time since records have been kept have all been in years beginning with the number 2. Chunks of ice larger than some New England States have broken off the polar caps. It may be a tax scam for Big energy, but the argument for warming to be a fraud is the disinfo, not the other way around.
It's a tax scam for SELECTED energy companies who contributed to Obama's campaign, such as G.E., who are exempt from the carbon taxes that you and others claim are so needed. Where's your undeniable proof that global warming is real, other than a video that fails to correlate with actual temperature data or a nice video of Green Peace claiming that polar bears will drown due to lack of ice and an inability to swim??
THERE IS NO GLOBAL WARMING GOING ON IN THIS CENTURY OR THE PREVIOUS ONE. Al Gore's "Hockey Stick" used to sell the global warming agenda was proven to be a fraud. Read this and weep, and make sure you wipe your tears (since the weather may be freezing, and your tears may freeze on your face):
History Of How The Hockey Stick Was Manufactured
There wasn’t any hockey stick prior to the year 2000.
The 1990 IPCC report showed that temperatures were much cooler than 800 years ago.
www.ipcc.ch/ipccreports/far/wg_I/ipcc_far_wg_I_full_report.pdf
Briffa’s trees showed a sharp decline in temperatures after 1940
The 1975 National Academy Of Sciences report also showed a sharp decline in temperatures after 1940
www.sciencenews.org/view/download/id/37739/name/CHILLING_POSSIBILITIES
NCAR reported a sharp drop in temperatures after 1940
denisdutton.com/newsweek_coolingworld.pdf
The USHCN daily temperature data showed a sharp decline in temperatures after 1940
GISS graphs from the eastern Arctic showed a sharp decline in temperatures after 1940
Data.GISS: GISS Surface Temperature Analysis
GISS US temperature graphs showed a sharp drop in temperatures after 1940
NASA GISS: Science Briefs: Whither U.S. Climate?
The Directors of CRU and NCAR forecast a continuing drop in temperatures.
The CIA reported a sharp drop in temperatures, floods, droughts, dramatic climate change, and expansion of Arctic ice
www.climatemonitor.it/wp-content/uploads/2009/12/1974.pdf
Everyone agreed that temperatures had plummeted since 1940, and no one doubted that the tree ring data accurately reflected the decline in temperature.
So Hansen and Mann had a huge problem. They had to create a spike in temperatures, get rid of the tree-ring data, get rid of the Medieval Warm Period, get rid of the 1930s, get rid of the 1970s ice age scare, and get rid of the Little Ice Age.
Warming the 1970s didn’t make much sense, so they instead chose to cool the 1930s. Step one was for Hansen to whack a few tenths of a degree off the pre-1950 temperatures.
Black line is the 1975 National Academy of Sciences Northern Hemisphere plot. Red line is the current GISS northern hemisphere plot.
Hansen getting rid of the 1910-1940 warm period gave Mann cover to claim that something was wrong with Briffa’s trees – and throw them out. This opened the door for the creation of hockey stick.
Once the flood gates opened, they went nuts – erasing the MWP and LIA, erasing the 1930s and jacking up recent temperatures. All over the world, the past got cooler and the present got warmer.
Over the past decade, Hansen has made massive alterations to the historical US temperature record.
And now we have this completely manufactured temperature trend. The spike that we see is indeed Mann-made, and Hansen-made.
There was never anything wrong with Briffa’s trees. Mike’s Nature Trick was much worse than it seems. The red below shows the trees that were removed. They were very similar to the uncorrupted temperature graphs, and there was never a valid reason to doubt their accuracy.
The Deleted Portion of the Briffa Reconstruction « Climate Audit
Of course it is all good science, and all for the good of the planet.
thank you Malcolm
I AM NO DIFFERENT THAN ANYONE ELSE. THE EXCEPTION IS I CAN ADMIT THAT I HAVE BEEN FOOLED BEFORE BY GLOBALIST BULLSH!T CON ARTISTS (regardless of how good looking or certified non-racist or non-homophobic the con artist may be per political credentials, or regardless of how good they make me feel about myself that I voted for them).
I think it's about time people get off of this "trendy" and "non-racist/non-homophobic" bandwagon and call these people out for what these people really are:
CON ARTISTS WHO SEEK TO GRAB YOUR WALLET AND DRAIN YOU BANK ACCOUNT.
And it has nothing to do with their skin color or the style of sex they like, regardless of whether such sex involves their wife in the White House or with a Satan-worshiping same-sex partner who is also a mayor of a major United States city (top three per population).
I find nothing to LOL about this, except for the bullsh!t evidence displayed on Ashtar from a government source that still claims that the Roswell incident was due to a weather balloon and that MLK was murdered by a good-ole boy with possible KKK roots (and no possible connection to the U.S. government).
The truth hurts.
Al Gore Getting Rich Spreading Global Warming Hysteria With Media’s Help
Americans willing to look at the manmade global warming debate with any degree of impartiality and honesty are well aware that those spreading the hysteria have made a lot of money doing so, and stand to gain much more if governments mandate carbon dioxide emissions reductions.
In fact, just two months ago, ABC News.com estimated soon-to-be-Nobel Laureate Al Gore's net worth at $100 million, which isn't bad considering that he was supposedly worth about $1 million when he watched George W. Bush get sworn in as president in January 2001.
Talk about your get-rich-quick schemes, how'd you like to increase your net worth 10,000 percent in less than seven years?
Fortunately for the world's foremost warm-monger - a term I'd love to see become part of the parlance concerning what, in the long run, will likely be viewed as the greatest con ever perpetrated on the American people - his current wealth represents a mere pittance of what it will be if governments around the world are scared into all of his preposterous recommendations.
With that in mind, Deborah Corey Barnes published a marvelous piece at Human Events Wednesday that would be rather sobering for folks on both sides of the aisle if only a global warming obsessed media would be willing to share the information with the citizenry (emphasis added throughout):
Of course it would, Deborah. That's why media have largely been mute on this matter.
With that as pretext, Barnes addressed Gore's cap-and-trade carbon scheme, and how he is well-positioned to benefit if governments across the globe implement it:
After addressing how intimately tied to the investment firm Goldman Sachs Gore and his GIM associates are, Barnes presented further nefarious connections that make Ken Lay's Enron network in the '90s look almost amateurish:
Why is that? Why does everything Gore is involved in avoid government and media scrutiny?
While you ponder, there's more:
Add it all up, Al Gore really is perpetrating a scheme that could end up being much more costly to Americans than anything Ken Lay did. As if that's not bad enough, our media are totally complicit rather than doing their jobs exposing the scam.
I don't know about you, but suddenly I need another shower.
Read more: http://newsbusters.org/blogs/noel-sheppard/2007/10/03/al-gore-getti...