Enron's Lou Pai Gets Into Cow Farts
Everyone read last week about how Lou Pai, the stripper-lovin' ex-Enron exec who made off with $270 million before the crash, ponied up about $31 million in fines to settle his SEC case.
Which will probably affect the gentlemen's clubs in Colorado, where he lives now, for about a month or so.
There was no word on what the Pai-man is up to these days, but now we know: He's trying to corner the market on renewable energy.
Natural Gas Week, which isn't available online, reports that Pai is a major investor in Element Markets, a Houston-based company that, according to its website, "helps companies take full advantage of today’s environmental business opportunities—from credit trading to project development and technology commercialization."
University of Houston Cougars Football vs. UCF Knights Football
TicketsSat., Oct. 29, 11:00am
Rice University Owls Football vs. Florida Atlantic University Owls Football
TicketsSat., Nov. 5, 2:30pm
University of Houston Cougars Football vs. Tulane University Football
TicketsSat., Nov. 12, 11:00am
University of Houston Cougars Football vs. Louisville Cardinals College Football
TicketsThu., Nov. 17, 7:00pm
The company deals in Renewable Energy Credits, a bookkeeping thing where energy companies can trade and buy energy from renewable resources.
"Pai's trying to corner the market on RECs," one energy executive told NGW.
So the whole business of renewable energy may just get Enron-ed. We can't imagine a better way of solving the energy crisis.
Element Market's website, by the way, features shots of a wind farm under the link "wind," solar panels under the link "solar" and a cow under the link "methane capture."
So, we guess, Lou Pai is now getting deep into the business of cow farts.
-- Richard Connelly
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you'll never miss Houston Press' biggest stories.