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."
Houston Texans vs. Cleveland Browns
TicketsSun., Oct. 15, 12:00pm
TicketsSat., Oct. 21, 7:00pm
Houston Texans vs. Indianapolis Colts
TicketsSun., Nov. 5, 12:00pm
Houston Texans vs. Arizona Cardinals
TicketsSun., Nov. 19, 12:00pm
Houston Texans vs. San Francisco 49ers
TicketsSun., Dec. 10, 12:00pm
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 ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.