Enron Loop Hole Part 2 – June 26, 2008

Posted on June 26, 2008. Filed under: Uncategorized |

Like a broken record, Democrats used to accuse the Bush Administration of doing exactly what Bill Clinton and Al Gore actually DID.

More facts regarding the Clinton/Gore Adminstration’s relationship with Enron: http://www.freerepublic.com/focus/news/737753/posts


President Clinton Took A Personal Interest In An Enron Energy Deal. “On Nov. 22, 1995 . . . Clinton scrawled an FYI note to [Chief of Staff Mack] McLarty, enclosing a newspaper article on Enron Corp. and the vicissitudes of its $3 billion power-plant project in India. McLarty then reached out to Enron’s chairman, Ken Lay, and over the next nine months closely monitored the project with the U.S. ambassador to New Delhi, keeping Lay informed of the Administration’s efforts, according to White House documents reviewed by Time. In June 1996, four days before India granted final approval to Enron’s project, Lay’s company gave $100,000 to the President’s party.”
(Michael Weisskopf, “The White House: That Invisible Mack Sure Can Leave His Mark,” Time, September 1, 1997)

The Clinton-Gore National Security Council And Vice President Gore Interceded On Enron’s Behalf. “Gas giant Enron Corp.’s plan to develop Mozambique’s Pande natural gas field appears to have been saved from cancellation last month by a blunt threat from the U.S. National Security Council to cut off future U.S. aid to the country. . . . U.S. sources said [Mozambican Energy Ministry John] Kachamila then entered into negotiations on [an] alternative proposal . . . [and] began to portray the Enron deal as bad financially . . . . Given the hurdles, Enron is pinning its hopes on a visit to South Africa on Dec. 6 by Vice President Al Gore, who will take in talks with President Nelson Mandela.”
(Jonathan Bearman, “White House Rescued Enron’s Deal To Develop Mozambique’s Pande Field,” The Oil Daily, December 1, 1995)

Enron Received Over $4 Billion In Federal Assistance During The Clinton-Gore Administration. “‘All told, Enron received over $4 billion from the federal Overseas Private Investment Corp. and the Export-Import Bank for projects in Turkey, Bolivia, China, the Philippines, and elsewhere’ during the Clinton administration.”
(Greg Pierce, “Inside Politics,” The Washington Times, January 14, 2002)

The Clinton-Gore Commerce Department Had An “Economic War Room” To Aid Enron And Other Corporations. “From . . . [the] Washington war room, the negotiators for the Enron Corporation, the lead bidder in the American consortium, have been shadowed and assisted by a startling array of Government agencies. In a carefully-planned assault, the State and Energy Departments pressed the firms’ case.”
(David E. Sanger, “How Washington Inc. Makes A Sale,” The New York Times, February 19, 1995)

Clinton-Gore Administration Officials Were “Unabashed Cheerleaders” For The Enron Power Contract In India. “Many Clinton Administration officials had been unabashed cheerleaders for the deal, with Energy Secretary Hazel O’Leary warning in June that canceling the Dabhol contract would endanger other private power projects being financed from outside India.”
(John-Thor Dahlburg, “India Orders Plug Pulled On U.S.-Run Power Project,” Los Angeles Times, August 4, 1995)

The Clinton-Gore Energy Department Awarded A Contract To Enron For The Construction Of The Largest On-Grid Photovoltaic System In The United States. “Amoco/Enron Solar will develop the country’s largest on-grid photovoltaic farm–a 10 MW facility on Department of Energy land at the Nevada Test Siteunder a power purchase agreement with the Corporation for Solar Technology and Renewable Resources, a DOE-funded nonprofit organization. Although the 10 MW purchase commitment from the Nevada Test Site is a mere 10 percent of the hoped-for 100 MW solar goal, CSTRR president Rose McKinney-James said she was ‘pleased and encouraged’ by CSTRR’s accomplishments to date.”
(Libby Brydolf, “Largest PV Farm Set For Nevada Test Site,” The Electricity Daily, November 6, 1996)

The Clinton-Gore Administration Helped Enron Salvage An Energy Contract In The Philippines. “President Clinton today salvaged a U.S. proposal to ease trade barriers on computer technology by the year 2000 as the Asia-Pacific Economic Cooperation forum wrapped up its work. . . . Key investors in Subic Bay include Houston-based Enron Corp., which has a subsidiary developing the area’s power source, and Coastal Corp., which has taken over the huge tanker storage area. Enron and Coastal were among the first 94 investors in Subic Bay, which now serves as the Asia hub for Federal Express. Those firms, along with Dallas-based EDS, serve on the APEC Business Advisory Council that met with Clinton Sunday night.”
(Nancy Mathis, “Clinton Salvages Motion On Computer Technology,” The Houston Chronicle, November 25, 1996)

The Clinton-Gore Administration Helped Enron Secure Over $400 Million In Loans For A Joint Venture. “The U.S. will provide up to $400-mil in government-backed loans to support a possible joint venture between Enron and Uzbekistan to develop gas reserves, the U.S.’ Overseas Private Investment Corp (OPIC) said June 24. OPIC’s announcement coincided with a state visit by Uzbekistan President Islam Karimov, who meets with President Clinton June 25.”
(“Support For Possible Enron-Uzbek Link,” Platt’s Oilgram News, June 25, 1996)

The Clinton-Gore Administration And The OPIC Helped Enron Finance A Gas Pipeline Through Eastern Bolivia And Brazil. “Environmentalists say U.S. government financing is being misused to finance a gas pipeline through a rare forest ecosystem in violation of the Clinton administration’s own policies. American energy giants Enron and Shell, along with the Bolivian consortium Transredes, are hurrying to complete the 243-mile pipeline, which will extend from an existing gas pipeline near the city of Santa Cruz in eastern Bolivia to Cuiaba, Brazil. . . . The $570 million Cuiaba Integrated Energy Project is set to be completed by March, financed in part with a $200 million loan delivered to the companies on June 15 from the Overseas Private Investment [Corporation].”
(James Langman, “Clinton Regime Ripped For Supporting Pipeline,” The Washington Times, January 11, 2000)

The Clinton-Gore OPIC Issued A $200-Million Loan That Helped Enron Construct A South American Gas Pipeline. “The Overseas Private Investment Corporation approved a $200 million loan Tuesday for a gas pipeline in Bolivia, a project opposed by environmental groups and some U.S. lawmakers. . . . In addition, Enron and Shell committed themselves to spending more than $20 million to develop and implement a regional conservation plan for eastern Bolivia over the next five years.”
(Harry Dunphy, “OPIC Approves $200 Million Loan For Bolivia Pipeline,” The As
sociated Press, June 15, 1999)


Enron Executives Traveled So Often On Trade Missions That The Company Was “Compelled” To Let The World Know That No Employees Were On Ron Brown’s Plane When It Crashed. “Enron officials were so often part of Clinton’s international trade missions that the company felt compelled to issue a news release saying no one from Enron was involved when a plane crashed in Croatia in 1996, killing all aboard, including [then] Commerce Secretary Ron Brown.”
(Jack Douglas Jr. and Jennifer Autrey, “Enron Spread Its Political Donations,” Fort Worth Star-Telegram, January 27, 2002)

A Sample Of Clinton-Era Trade Missions That Included Enron Executives:

Russia In March And April 1994. “Rodney L. Gray, chairman and chief executive officer of Enron International accompanied Brown on [a] . . . trade mission to Russia in March and April of 1994. In Russia, Enron signed a deal to develop a market for Russia[n] gas in Europe.”
(Center For Public Integrity Website, http://www.publicintegrity.org, accessed August 20, 2002

India In January 1995. “Kenneth Lay, chairman and chief executive officer of the Enron Corporation, accompanied Secretary of Commerce Ronald Brown on the trade mission to India in January, 1995. In India, Enron signed a contract for a 2,000 megawatt power plant in Dahbol worth an estimated $400 million. Enron also won a contract to build a $920 million power plant on the West coast of India and a $1.1 billion contract for offshore gas and oil production.”
(Center For Public Integrity Website, http://www.publicintegrity.org, accessed August 20, 2002)

Bosnia And Croatia In July 1996. “The Enron Development Corp. had good reason to be thankful when its president accompanied Commerce Secretary Mickey Kantor on a trade mission to Bosnia and Croatia last July. With Kantor’s help in Croatia, Enron signed a memorandum of understanding to construct a 150-megawatt power plant that will cost $100 million or more to build.”
(Walter V. Robinson, “Donations Are Linked To Kantor Trade Missions,” The Boston Globe, February 12, 1997)

South Africa In December 1998. “[F]or every South African and American who cares about jobs, and about making our economies work for all people, this is a very important trade mission. . . . These companies see a new Africa. They want to trade and invest more with countries that are moving from the margins to the mainstream of the global economy. . . . Another company is Enron [represented by Terrence Thorn]. They want to develop a $2,500 million gas pipeline and iron and steel facility in Mozambique that will mean thousands of jobs.”
(Then-Commerce Secretary Daley As Quoted In “United States And Africa,” Africa News, December 2, 1998)

China In April 1999. “U.S. Commerce Secretary William Daley’s infrastructure trade delegation to China this week produced several business deals. Some were part of the trade mission and others were timed to coincide with it. . . . Enron International China Pipeline, a wholly-owned subsidiary of Enron Corp. of Houston Texas, signed a memorandum of understanding with China National Petroleum Corporation on Wednesday to jointly develop a natural gas pipeline. The 765 kilometer pipeline, the first onshore pipeline to be built in cooperation with a foreign company, will transport natural gas from Sichuan Province to markets in Hubei Province.”
(“Daley’s China Visit Nets Trade Deals For U.S. Companies,” ChinaOnline, April 2, 1999)

Egypt In October 1999. “A group of U.S. corporate executives headed by Commerce Secretary William Daley arrived here Wednesday hoping to exploit fresh trade opportunities with Egypt after a change of government. The delegation is looking forward ‘to exploring commercial opportunities resulting from Egypt’s economic reforms and ongoing privati[z]ation reforms,’ Daley said on his arrival here at the head of a delegation of 12 business leaders. Among the U.S. companies represented were Nortel Networks, Enron Corporation [represented by Richard Bergsieker, Senior Vice President], ProNetLink.com and New York Life International.”
(“US Trade Mission To Explore New Privati[z]ation Opportunities In Egypt,” Agence France Presse, October 13, 1999)

Latin America In February 2000. “Commerce Secretary William Daley left Friday evening for Latin America with 19 U.S. corporate executives on a U.S. business-development mission focusing on information and communications technology, environment, and energy. Among the 19 executives are . . . Terrence Thorn, executive vice president of Enron. The mission will travel for eight days to the Southern Cone countries of Uruguay, Brazil, Argentina, and Chile. The key issue in that region is the privatization of power companies, not just at the federal level, as in the past, but now at the state and local levels, according to a Commerce Department official. In addition, the mission will look at ongoing and new opportunities in cross-border oil and gas pipelines.”
(“Daley Visits Latin America,” The Oil Daily, February 14, 2000)

Like Infamous DNC Fundraiser Johnny Chung, Enron Also Donated To A Charity For Clinton Energy Secretary O’Leary. Chung said that a Department of Energy official offered to arrange a meeting with Secretary O’Leary for a Chinese businessman “in exchange for a $25,000 donation to Africare, a charity support by O’Leary.” Similarly, after O’Leary included Enron officials on her trips, “Enron showed its gratitude. At Christmas 1995, documents show, it donated an unknown sum of cash in O’Leary’s name to a charity called ‘I Have a Dream.'”
(“O’Leary To Testify Before House Panel On Contribution To Charity,” Inside Energy/With Federal Lands, December 8, 1997; Michael Weisskopf, “Enron’s Democrat Pals,” Time, August 17, 2002)

Enron “Seemed To Purchase” Seats On A Clinton-Era Overseas Trade Mission. “In 1995, a $100,000 check from Enron to the Democratic National Committee (DNC) seemed to purchase some highly coveted seats for Enron executives on an overseas trade mission led by then-Commerce Secretary Mickey Kantor. Earlier, Enron Chairman Ken Lay accompanied the previous commerce secretary, Ron Brown, to India. Mr. Clinton instructed his chief of staff, Mack McLarty, to help Enron obtain a contract to build a power plant in India, for which the firm received $398 million in U.S. taxpayer assistance. In 1996, Federal Energy Regulatory Commission rulings favorable to Enron coincided with another $100,000 contribution from Enron to the DNC.”
(Editorial, “Enron And The Clinton Administration,” The Washington Times, January 18, 2002

There is no more time to do nothing.


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