AL GORE=ENRON in a dress. Cap and Tax vote in House Friday

(12/97): "“If implemented, [the Kyoto Protocol] will do more to promote Enron’s business than will almost any other regulatory initiative….

• The endorsement of [CO₂] emissions trading was another victory for us…. This agreement will be good for Enron stock!”

• - John Palmisano (December 12, 1997) from Kyoto, Japan. Quoted in Bradley, Capitalism at Work, p. 307

“If anyone has environmental credit needs, that’s what we do. We want to be to be the clearing house to monetize available credits or to manage risk.”

- Kevin McGowan, director of coal and emissions trading, Enron Corp., (Enron Biz, November 29, 2000, copy in files)

“We are a green company, but the green stands for money.”

- Jeff Skilling, CEO, Enron Corp., quoted in Capitalism at Work, p. 310.

Enron is Exhibit A against Waxman/Markey’s cap-and-trade proposal. Enron was poised to make money coming and going by being the nation’s and the world’s largest market-maker in CO₂ permits,

• and the “smartest guys in the room” were ready to game and game for incremental dollars (remember California?) ...

Enron gamed the highly prescriptive accounting rules (GAAP), tax system (the corporate tax division was actually a profit center as told in an exposé in the Washington Post."...

• Call the House of Representatives to say no to 'cap and trade': 202-224-3121

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