Changes

Enron executives believed that a cap-and-trade program would put them in a position to dominate the U.S. energy market. Electric utilities, required to reduce emissions of carbon dioxide, would be forced to switch from coal to natural gas as the only practical alternative to electricity production. As a leading trader of natural gas, Enron would be the recipient of a huge financial windfall.

Enron executives believed that a cap-and-trade program would put them in a position to dominate the U.S. energy market. Electric utilities, required to reduce emissions of carbon dioxide, would be forced to switch from coal to natural gas as the only practical alternative to electricity production. As a leading trader of natural gas, Enron would be the recipient of a huge financial windfall.

While [[Barack Obama]] served as a board member for the Chicago-based Joyce Foundation, it gave nearly $1.1 million to start the Chicago Climate Exchange, calling itself, "North America's only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide."

While [[Barack Obama]] served as a board member for the Chicago-based Joyce Foundation, it gave nearly $1.1 million to start the Chicago Climate Exchange, calling itself, "North America's only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide."<ref>[http://www.foxnews.com/politics/2009/03/25/obama-years-ago-helped-fund-carbon-program-pushing-congress/ Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress,] By Ed Barnes, March 25, 2009. FoxNews.com </ref>

==Corruption and Demise==

==Corruption and Demise==