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/* Kyoto protocols and carbon emissions */
==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 protocol]]s on carbon emissions.<ref></ref><ref>
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 proposal of a carbon emissions trading exchange from which Enron planned to profit hugely while American consumers paid steep price increases for electricity and natural gas.<ref>Robert Schlesinger, "Enron Ties May Also Tar Democrats; Company Lobbied Clinton, Donated To Top Legislators," The Boston Globe, January 24, 2002</ref>
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