Institute for Energy Research
Encyclopedia
The Institute for Energy Research (IER), is a Houston, Texas
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...

-based company that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

The IER maintains that freely-functioning energy markets provide the most financially inexpensive solutions to today’s global energy and environmental challenges and, as such, are critical to the financial well-being of individuals and society. The IER was founded in 1989 from a predecessor organization. The IER conducts research and analysis on the functions, operations, and government regulation of global energy markets. The group promotes free-market energy solutions.

IER is a tax-exempt public foundation and is funded entirely by tax deductible contributions from individuals, foundations and corporations. No financial support is sought for or accepted from the government. According to the liberal watchdog group, Media Matters, since 1996, $110,000 of IER's funding has come from the Claude R. Lambe Charitable Foundation, a trust set up by private energy company Koch Industries
Koch Industries
Koch Industries, Inc. , is an American private energy conglomerate based in Wichita, Kansas, with subsidiaries involved in manufacturing, trading and investments. Koch also owns Invista, Georgia-Pacific, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals and Matador Cattle Company...

. IER also received over $300,000 in funding from ExxonMobil, , but has not given to IER since 2007.

The Institute's CEO, Robert L. Bradley, Jr., was formerly a director of policy analysis at Enron
Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 22,000 staff and was one of the world's leading electricity, natural gas, communications, and pulp and paper companies, with...

, where he wrote speeches for Kenneth Lay
Kenneth Lay
Kenneth Lee "Ken" Lay was an American businessman, best known for his role in the widely reported corruption scandal that led to the downfall of Enron Corporation. Lay and Enron became synonymous with corporate abuse and accounting fraud when the scandal broke in 2001...

. Robert Bradley has written books with titles like, "Capitalism at Work" and "Edison to Enron."

The IER is also closely affiliated with the American Energy Alliance.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK