Keystone XL

The Kochs and the Keystone XL Pipeline: A Substantial Interest

The International Forum on Globalization has conducted extensive research regarding the Koch brothers many financial interests as well as the numerous political organizations they fund. Our research has revealed a substantial interest in the Keystone XL Pipeline and was the subject of an in depth report: Billionaires’ Carbon Bomb: The Koch Brothers and the Keystone XL Pipeine.

In addition to the staggering calculation that the Koch’s could earn upwards of $100 billion in profits as a result of KXL being built, IFG also found evidence of the Kochs making KXL related investments in Congress. Direct, traceable contributions to Senators who voted in favor of the KXL being fast tracked amounted to well over $1 million. It is important to note that this money does not include millions of potential dollars that were spent on PACs and other non-profits that aimed to elect pro-KXL representatives.

Furthermore, IFG found evidence that funds the Kochs donated to pro-KXL organizations topped $53 million and resulted in close to 1000 pro-KXL mentions in the media, blogosphere, and in think-tank reports.

Video covering our report, featured on the Majority Report program with Sam Seder:

 

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