Two decades after Enron’s bankruptcy, the company is back as a crypto firm?
Oh, Enron, I thought—hoped and dreamed?—you were long, long gone, confined to the dustbin of history reserved for seriously fraudulent companies.
But apparently not.
More than two decades after Enron’s bankruptcy in December 2001, the company is back. Well, at least an entity using the website Enron.com went public on Monday, announcing Enron’s relaunch as “a company dedicated to solving the global energy crisis.”
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”