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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: arno who wrote (222)	1/15/2002 8:37:17 PM
From: arno	Respond to of 3602

Enron and Kyoto Enron was a leading supporter of the Kyoto global warming treaty, but that did not deter the Bush administration from dumping the pact, writes conservative activist Cliff Kincaid, president of America's Survival Inc. "Enron was a big backer of the treaty, also called the Kyoto Protocol, and yet Bush has abandoned it because of questions about the science behind the theory and the cost," Mr. Kincaid said in a prepared statement. "So it turns out that the company we are led to believe was exercising influence over the Bush administration through campaign contributions doesn't have any influence at all on this issue. This fact makes a mockery of implications that Bush did the bidding of Enron. "Enron became a member of the International Climate Change Partnership and the Pew Center's Business Environmental Leadership Council. These companies bowed to environmental demands to endorse the treaty. Enron, a politically correct company that invested in solar and wind power boondoggles, was also involved in a United Nations conference to develop Communist China's coal resources," Mr. Kincaid said, citing an April 23 Business Week article. Mr. Kincaid also cited a Sunday article in The Washington Post, which "described some of Enron's lobbying on behalf of the treaty," including a meeting that Enron Chairman Kenneth L. Lay had with President Clinton and Vice President Al Gore in which Mr. Lay advocated a "market-based" approach to the problem of global warming. This was a strategy identified in an Enron memo as "good for Enron stock." The newspaper added that Enron officials were elated with the Kyoto Protocol and said it would "do more to promote Enron's business than almost any other regulatory initiative outside of restructuring the energy and natural gas industries.