Kenneth B. Lucas
July 7, 2009
There have been comments recently, including in the comic strip “Pickles,” that newspapers are needed because they used to expose scandals. Today, scandals are more likely to be exposed on the Web by bloggers than in newspapers.
Lawrence Solomon recently exposed one of the greatest scams in history, but newspapers are ignoring it. In a Financial Post article, Solomon reported that Ken Lay and the crooked Enron Corp. invented the global warming scam during the Clinton administration.
Enron had made a fortune trading sulfur dioxide credits related to the acid rain issue. Lay realized that the company could make even more if it could get carbon dioxide treated as a pollutant and establish a program to trade carbon credits.
Enron paid millions to scientists and environmental groups to get their support. The company suppressed studies that didn’t support the idea of a calamity. Unfortunately, for Lay, he couldn’t con the Republican Congress into supporting the scam before Enron went bankrupt.
KENNETH B. LUCAS