You might expect the biggest foreign lease owner in Canada's oil sands, or tar sands, to be one of the international oil giants, like Exxon Mobil or Royal Dutch Shell. But that isn't the case. The biggest non-Canadian lease holder in the northern Alberta oil sands is a subsidiary of Koch Industries, the privately-owned cornerstone of the fortune of conservative Koch brothers Charles and David.
Petroleum coke is a high-carbon, high-sulfur byproduct of Canadian tar sands that are shipped from Alberta to the U.S. to be refined and is rapidly becoming a cause for concern in Chicago. "It's growing by leaps and bounds," Southeast Environmental Task Force member Tom Shepherd, told Midwest Energy News. "It's coming at a breathtaking rate." The pet coke is owned by billionaire industrialists Charles and David Koch whose operations drew similar outrage from residents and elected officials in Detroit earlier this year.
A new study released today concludes that Koch Industries and its subsidiaries stand to make as much as $100 billion in profits if the controversial Keystone XL pipeline is granted a presidential permit from U.S. President Barack Obama.
Recent action by Koch Oil Sands pulls the curtain back further on the Koch family's deep but quiet involvement in Canada's oil sands industry. A Canadian division of Koch Industries is reviewing a range of offers to buy up to 220,000 net acres of its many undeveloped oil sands properties within Alberta's vast reserves of oil sands.
Koch Industries says we are lying about their stake in the pipeline and they timed the release of the threatening emails, many of which were likely sent before the Occupy movement began, in a dishonest attempt to link these threats to peaceful demonstrators.
We insist Charles and David Koch answer fundamental questions about how their company is positioned to catch windfall profits promised by the dangerous and unnecessary 1,700-mile long Keystone XL oil pipeline.
The Koch Congress as Think Progress calls them are members of congress that accepted money, known as bribery in most countries, from the billionaire Koch Brothers. Keeping money out of government is the main issue of rulings such as Citizens United, and the general atmosphere of a long corrupted US Congress.
Talk about how oil and gas companies can dictate oil price. Well certainly having a hand in every major venture like it would seem Koch Industries has been could definitely impact on the price of gas, especially when you considered all the assets Koch Industries owns all around the world. To top that Republicans in Congress want the President to make a decision on the Keystone XL in sixty days (they added this to the Payroll tax extention bill where it should not have been), ignoring the environmental dangers, but through further investigation it appears the company that suppose to be over everything is only the operator and other companies through partnerships are the ones behind it all.
Last weekend was a wild one for climate action in our nation s Capitol, between the protest outside a conference run by Koch Industries front group Americans for Prosperity and Sunday s large street protest against the proposed Keystone XL tar sands pipeline that encircled the White House with over 10,000 people. The two issues came together when I and another Greenpeace activist found oil billionaire and Americans for Prosperity Chairman David Koch inside AFP s "Defending the American Dream" conference, and questioned Koch about his company s financial stake in the Keystone XL pipeline and their false statement to Congressman Henry Waxman (D-CA). Watch for yourself below.
Tens of thousands of Americans and citizens around the world have rightfully spoken out about the Keystone XL oil pipeline, a roughly 2,000-mile-long development that would carve up six states and enrich the 1 percent even more. Few personify the wealthiest 1 percent more than Charles and David Koch, who're among the largest financial beneficiaries of dirty tar sands oil. The Keystone XL pipeline would hurt America and make the Koch brothers richer. In other words, it would give the Koch brothers more billions of dollars to buy American democracy and bend it to their whims
Today Energy and Commerce Committee Ranking Member Henry A. Waxman sent a letter to Energy and Commerce Committee Chairman Fred Upton and Energy and Power Subcommittee Chairman Ed Whitfield requesting an investigation of the link between Koch Industries and the Keystone XL pipeline. Earlier this year, Koch Industries denied any connection between Koch and the Keystone XL pipeline.
On the heels of a 21-page investigative article by ?Bloomberg ?Magazine?, which covered the high crimes and misdemeanors of the Koch Brothers, Koch Industries, and its numerous subsidiaries over the past several decades, more damning news arrives about their dirty deeds in Canada. Today, ?InsideClimate News? reported in a story titled "Koch Subsidiary Told Regulators It Has 'Direct and Substantial Interest' in Keystone XL", that contrary to the narrative the Kochs have been dishing out to the U.S. government, Koch Industries has a huge fiscal stake in both the Keystone XL Pipeline and in Tar Sands production more generally.