"Clinton realized that America could not economically afford the Protocol Gore negotiated. The Clinton-Gore's Energy Department found Kyoto would lead to $400 billion a year in lost output. ... Gore tries to throw Enron on the back of the current administration. But it was Enron Board Chairman Kenneth Lay who sold Clinton-Gore on Kyoto's cap and trade system. Gore, Clinton, and Treasury Secretary Robert Rubin met with Lay on Aug. 7, 1997 to go over goals and procedures for the Kyoto session. ... The corporate smoking memo here was not that from an ExxonMobil adviser to oppose Dr. Watson, but the Enron internal memo saying Kyoto 'would do more to promote Enron's business than almost any other regulatory initiative'."
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