IFG explains why the Kochs gave front groups $53 million to push for fast-tracking the Keystone XL pipeline–extensive acreage in Alberta potentially worth tens of billions of dollars.
The owners of Koch Industries, Charles and David Koch, will benefit should President Obama allow the Keystone XL Pipeline to be built. At the time IFG first published this research, it has been reported that the Kochs held up to 2 million acres in Alberta, which we projected could profit Koch roughly $100 billion from the pipeline. Since then, IFG confirmed Kochs’ actual acreage with the authorities in Alberta, so you can see the updated report here, although almost all of the other findings from our first report still stand.
The Kochs have long been one of the largest players in the tar sands region of Alberta, Canada. The report connects the Kochs’ 50 year history and large footprint in the Canadian tar sands to the current debate about the pipeline.
Other Findings in the report include:
- The Kochs could earn 1 million times more than the average worker of the pipeline.
- Evidence suggests The Kochs alone be responsible for over 19 billion metric tons of carbon emissions in their tar sands holdings.
- Think tanks funded by the Kochs have released nearly 1000 pro-KXL reports or statements.
- Kochs have already made billions from insider trading and stand to do that again with tar sands.
- Koch Industries has a history of violence against people and the environment.
- The Koch Brothers seek to alter the public debate and control the policy debates in Washington.
“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. “We noticed Koch Funded Tea Party members and think tanks pushing for the pipeline. We dug deeper and found $100 billion in potential profit, $50 million sent to organizations supporting the pipeline, and perhaps 2 million acres of land. That sounds like an interest to me.” Nathalie continued, “We all know they will use that money to fund and expand their influence network, subvert democracy, crush unions like in Wisconsin, and get more extremists elected to congress.
“The past two weeks of the government shutdown brought to light the irresponsible influence of Koch-funded groups,” said Bold Nebraska Director, Jane Kleeb. “Rewarding the Koch Brothers with Keystone XL, who at every turn fund campaigns to mislead Americans on everything from climate to gas prices, is like the President advocating for Sen. Cruz to be the Majority Leader. It makes no sense. Farmers and ranchers in Nebraska are depending on Pres. Obama to see our national interest is not served with a pipeline that lines the pockets of climate deniers and foreign oil.”
It is still anybody’s guess if President Obama will approve the northern leg of KXL. He has hinted that he has issues with the project, though he has not denied the permit. It is clear that IFG — and a growing number of other organizations — think the pipeline is in the interest of oil billionaires, not the American public.
Multimedia Tools for Concerned Citizens and Activists!
We have developed a variety of tools for activists to use in order to show their friends and allies another big reason why we need to stop the Keystone XL Pipeline!
Below is our google map showing all the Koch Assets in the tar sands as well as interests all along the proposed pipeline itself. Or if you prefer to see it the whole page itself, click here.
View Koch Assets Map in a larger map
|Sign up and learn about actions, events and information to stop the KXL pipeline!