posted on Dec, 2 2009 @ 09:15 AM
Climategate: it's all unravelling now
And here is a name I have been waiting for.
So many new developments: which story do we pick? Maybe best to summarise, instead. After all, it’s not like you’re going to find much of this
reported in the MSM.
1. Australia’s Senate rejects Emissions Trading Scheme for a second time. Or: so turkeys don’t vote Christmas. Expect to see a lot more of this:
politicians starting to become aware their party’s position on AGW is completely out of kilter with the public mood and economic reality. Kevin
Rudd’s Emissions Trading Scheme – what Andrew Bolt calls “a $114 billion green tax on everything” – would have wreaked havoc on the
coal-dependent Australian economy. That’s why several opposition Liberal frontbenchers resigned rather than vote with the Government on ETS; why
Liberal leader Malcolm Turnbull lost his job; and why the Senate voted down the ETS.
2. Danes caught fiddling their carbon credits. (Hat tip: Philip Stott) Carbon trading is the Emperor’s New Clothes of international finance. It was
invented by none other than Ken Lay, whose Enron would currently be one of the prime beneficiaries in the global alternative energy market, if it
hadn’t been shown to be (nearly) as fraudulent as the current AGW scam. It is a licence to fleece, cheat and rob. Still, jolly embarrassing for the
Danes to get caught red handed, what with their hosting a conference shortly in which the world’s leaders will try, straight-faced, to persuade us
that carbon emissions trading is the only viable way of defeating ManBearPig.
It was invented by none other than Ken Lay, whose Enron would currently be one of the prime beneficiaries in the global alternative energy market, if
it hadn’t been shown to be (nearly) as fraudulent as the current AGW scam.
Who was the late Ken Lay, the architect and chairman of Enron throughout its 16-year history? All parties to the current legislative debate on a
CO2 cap-and-trade bill should know. After all, Lay’s tireless efforts to promote CO2 regulation and enact renewable energy quotas make him a father
figure for HR 2354, the Waxman-Markey climate bill, what I have called the Enron Revitalization Act of 2009.
The Enron Revitalization Act of 2009 (from the Kyoto Protocol to Waxman-Markey)
The 219–212 passage of HR 2454 inspires another look at Enron’s infamous “Kyoto memo,” written almost 13 years ago by company lobbyist
John Palmisano. Indeed, an Enron memo upon House passage of the Waxman-Markey climate bill would have been similar! Change the dates and some other
specifics and the bottom line would be the same–potential gains for Enron’s profit centers in wind, solar, CO2-emissions trading, energy
outsourcing, and natural gas.
One can imagine a quotation like this from Enron’s fabled public relations department, hyperbolizing a half-victory into something bigger in the
attempt to create a bandwagon effect:
“This historic vote was heard ’round the world,” stated Kenneth L. Lay, chairman of Enron Corp. “Although much work remains before we have
new law, HR 2454 signals a new commitment toward clean, green energy, of which Enron is the acknowledged world leader. All of us look forward to
working with lawmakers and citizens in this new era of global climate protection.”
Perhaps Al Gore himself would have placed a call to Ken Lay to congratulate the company that did to much so spark the CO2 reduction debate within the
industry in the 1980s and 1990s. Indeed, the U.S. Climate Action Partnership (US CAP), a bootleggers-and-Baptists coalition that had much to do with
the opening draft of Waxman-Markey, probably had more to do with Ken Lay protégé James Rogers (now chairman of Duke Energy) than any other single
Reprinted below, verbatim, is the infamous Enron Kyoto Memo, the original copy of which is posted here.
Terry Thorn, Joe Hillings, Cynthia Sandherr, Jeff Keeler, Fiona Grant, Hap Boyd, Bill Shoff, Dan Badger, Tom Kearney, Lynda Clemmons, Bruce Stram,
Mike Terraso, Rob Bradley, Jim O’Neill, John Hardy
If implemented, this agreement will do more to promote Enron’s business than will almost any other regulatory initiative outside of restructuring of
the energy and natural gas industries in Europe and the United States. The potential to add incremental gas sales, and additional demand for renewable
technology is enormous. In addition, a carbon emissions trading system will be developed. While the trading system will be implemented by 2008, I am
sure that reductions will begin to trade with 1-2 years. Finally, Enron has immediate business opportunities which derive directly from this
[edit on 093131p://bWednesday2009 by Stormdancer777]