Posted on 02/23/2021 2:27:16 PM PST by kathsua
Texans are well known for bragging about superlatives associated with the state. They brag about the biggest this or the biggest that. They probably won't brag about the giant ( the sixth position on the Fortune Global 500) corrupt Texas energy corporation named Enron (aka "the Crooked E" ) that created what Weather Channel founder John Coleman calls "the greatest scam in history." before filing what at the time was the largest corporate bankruptcy in U.S. history
Lawrence Solomon published an expose' in the May 30, 2009 Financial Post detailing how the Enron corporation paid scientists and environmental groups to falsely claim increases in carbon dioxide would increase global air temperature known as the " greenhouse gas theory" . https://ep.probeinternational.org/2009/05/30/enrons-other-secret/
In the nineties, Enron executives came up with a new get rich scheme. Enron owed part of its early success to sulphur dioxide emissions trading. Basically emissions trading was established as a way for some companies to profit from po lution while allowing other companies to continue to produce the chemicals that can cause acid rain.
Enron saw the potential for even greater profits from trading what would become known as "carbon credits".
Solomon states, " The climate-change industry — the scientists, lawyers, consultants, lobbyists and, most importantly, the multinationals that work behind the scenes to cash in on the riches at stake — has emerged as the world’s largest industry. Virtually every resident in the developed world feels the bite of this industry..." which increases the costs of various goods and services.
Enron was an early player beginning early in the administration of Bill Clinton to push for a carbon dioxide trading system. Crooked politicians such as Clinton and Joe Biden readily supported Enron's scam. The mainstream media automatically repeated Enron's claims without checking with other scientists
If reporters had checked with honest knowledgeable scientists they would have learned that physicist R.W. Wood disproved this warming theory in 1909. Philosophical magazine , 1909, vol 17, p319-320. Cambridge UL shelfmark p340.1.c.95 http://www.wmconnolley.org.uk/sci/wood_rw.1909.html
If reporters had checked with scientists like Dr. Gerhard Gerlich and Ralf D. Tscheuschner they would have learned that sunlight heats material in a greenhouse which then conducts the heat to the air in the greenhouse. The structure of the greenhouse keeps the heated air inside the greenhouse. https://arxiv.org/abs/0707.1161
The false and fraudulent claim about global warming / climate change has created an artificial energy shortage that can let people freeze in dark buildings. while allowing power companies to over charge for energy.
The State of Texas should try to find a way to prosecute those who continue to push "the Greatest Scam in History."
Interesting that Enron was pushing this green hoax.
To be eclipsed.
United States Corporation.
Well it’s suppose to be hard to put one over on a Texan, what with that big ole hat and all. On the other hand, those ole boys are wading around up to the back pockets of their wranglers in who are running San Antonio, Dallas, Houston, and the rest of the horses butts moving into the state. So getting their asses froze due to money grubbing city boys ain’t hard to believe. Guess when those boys warm up they gotta a little work to do. Good luck fellers, I’m hoping you getter done.
Four members of the ERCOT board have resigned, lawsuits have been filed. ERCOT, power providers, Texas political leaders, the PUC and utility companies will have plenty of questions to answer.
I agree, the entire global warming/climate change is a colossal hoax, all designed by the globalists to control and tax the s**t out of everyone.
Simple as that.
I thought that the Greatest Scam in History was the 2020 election.
Check out these two postings;
http://www.freerepublic.com/focus/f-chat/3936608/posts
http://www.freerepuvlic.com/focus/f-bloggers/3936590/posts
Enron's profit center was its energy products trading division.
In 2001, carbon credits were a minor blip on the trading floor at Enron and at every other energy trading firm in the world.
The destruction of Enron (and their accounting firm - Arthur Anderson) was a premeditated act of political violence by the Department of Justice against the Conservative Texas Republicans who managed and audited Enron.
When news that Enron's accounting was under investigation was deliberately leaked by the DOJ, Enron's highly profitable trading division essentially collapsed in 24 hours.
Why - because in the world of trading if there is even a whisper that you cannot settle your trades, the entire trading world walks away from you INSTANTLY.
If DOJ and the SEC had handled the accounting issues at Enron in a confidential and professional manner, at least 50% of Enron and 100% of Arthur Anderson would have survived.
Instead, the DOJ consciously and deliberately destroyed billions of dollars of corporate value and tens of thousands of high paying jobs.
The politically motivated Deep State pandemic that we have lived through since 2016 was already alive and deadly in 2001.
Nice job.
One of the men who worked with me had a mom who worked for Enron. She had $300,000 worth of stock for retirement in the company. A few months later that stock was worth $3000.
Ah, yes. Enron. Memories. As now we examine Xiden’s CarbonBank
Feb 10, 2021. The Biden administration is looking to steer farm aid from the USDA’s Commodity Credit Corporation to encourage carbon emissions reductions on farms
***”This article is very misleading.”***
Agreed, yours is a good summary. The article was simplistic and dated. The hated Andrew Weissmann was also a villain in the Enron case: https://thefederalist.com/2019/03/05/explosive-new-documents-reveal-andrew-weissmanns-misconduct-enron-case/
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.