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'''Enron''' was an [[energy]] company based in [[Houston]], [[Texas]], although it was founded in Omaha, Nebraska. It was one of the largest energy providers in the United States, and employed over 21,000 people. It was named Fortune Magazine's "America's Most Innovative Company" for six consecutive years. The company filed for bankruptcy in 2001 after accounting fraud and corruption was reported.
'''Enron''' was an [[energy]] company based in [[Houston]], [[Texas]], although it was founded in Omaha, Nebraska. It was one of the largest energy providers in the United States, and employed over 21,000 people. It was named Fortune Magazine's "America's Most Innovative Company" for six consecutive years. The company filed for bankruptcy in 2001 after accounting fraud and corruption was reported.
==Kyoto protocols and carbon emissions==
In July 1997, Enron CEO Ken Lay met with President [[Bill Clinton]] and Vice President [[Al Gore]] in the [[Oval Office]]. Clinton, Lay, and Gore discussed approval of the Kyoto treaty on carbon emissions.
An internal Enron memo says the treaty will, "do more to promote Enron's business than will almost any other regulatory initiative outside of restructuring the energy and natural gas industries in Europe and the United States." Lay told Enron employees Bill Clinton solicited Lay's views "in advance of a climate treaty to be negotiated at an international conference" And Lay said Clinton agreed to support Lay's policy of an emissions-trading system from which Enron plans to profit hugely while American consumers pay steep price increases for electricity and natural gas.
The Republican Senate rejected the Kyoto treaty by a 95-to-0 vote on August 15, 1997.
==Corruption and Demise==
==Corruption and Demise==
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[[Category:Clinton administration]]
[[Category:corporations]]
[[Category:corporations]]