Koch Bros. Could Make $100 Billion With Pipeline Approval
If the Keystone XL Pipeline is approved, Koch industries will be in the pink–or is that the green, according to a new report.
The report, titled Billionaires’ Carbon Bomb, produced by the think tank International Forum on Globalization (IFG), finds that David and Charles Koch and their privately owned company, Koch Industries, own more than 2 million acres of land in Northern Alberta, the source of the tar sands bitumen that would be pumped to the United States via the Keystone XL pipeline.
IFG also finds that more than 1,000 reports and statements in support of the Keystone XL pipeline project have been made by policy groups and think tanks that receive funding from the Koch brothers and their philanthropic foundations.
“The Kochs have repeatedly claimed that they have no interest in the Keystone XL Pipeline, this report shows that is false,” said Nathalie Lowenthal-Savy, a researcher with IFG.