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Article Excerpt
Byline: Patrice Hill, THE WASHINGTON TIMES
Enron Corp. grew in the 1990s from a small Texas natural gas company to a $50 billion global energy-trading giant - with extensive help from the Clinton administration.
The company's international stature grew remarkably in the 1990s, to a point that Clinton officials sought its help in solving problems big and small, including drumming up support for the global-warming treaty, promoting economic development in the war-torn Middle East and Bosnia and drafting the details of an arcane bankruptcy reform measure.
One key success for the company was getting the administration to propose a new round of world-trade negotiations on energy services, an industry Enron dominated at home and hoped to turn into a trillion-dollar enterprise abroad.
Documents released by the Treasury Department show that President Clinton's trade representative, Charlene Barshefsky, seized upon the idea, offered to her by a coalition of energy companies headed by Enron, and presented it almost verbatim in World Trade Organization negotiations in May 2000. Other nations agreed in March 2001 to start discussions on energy services, with the aim of lowering regulations and other barriers to trade.
With the help of more than $1 billion in subsidized loans and insurance from Clinton agencies, Enron also built dozens of international projects, from a natural gas pipeline...
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