This is not an entirely new story, but it’s important in light of the recent opening of the southern leg of the Keystone XL pipeline. (For background on the southern leg of the pipeline, click here.)We knew that the Koch Bros were financially involved in the Keystone pipeline, and covered that connection back in 2011. But more has come to light since then, much more.
Keystone XL Pipeline Could Yield $100 Billion For Koch Brothers
Approval of the Keystone XL pipeline could generate $100 billion in profits
for billionaire brothers Charles and David Koch, according to a report released Sunday, which revealed the extent to which the Kochs would benefit from the tar sands development the proposed pipeline would help spur.A progressive think tank called the International Forum on Globalization completed the study, which found that the Kochs and their privately-owned company, Koch Industries, hold up to 2 million acres of land in Alberta, Canada, the proposed starting point of the Keystone XL.Several Koch Industries subsidiaries stand to benefit from the pipeline’s construction, including Koch Exploration Canada, which would profit from oil development on its land, and Koch Supply and Trading, which would benefit from oil derivatives trading.The report also estimates that the Koch brothers have given about $50 million to think tanks and members of Congress who have pushed for the pipeline to be built.
ok so far makes sense the congress is republican leaning, they cater to the Koch's et al, Koch's pay politicians to do their biding. only surprise no mention of Halliburton.
So the Koch Bros, personally, could be responsible for adding 19 gigatons of CO2 into the atmosphere, all on their own. They should have naming rights to the next set of parts-per-million added to the air.But this represents an amazing amount of money. Note — that’s $100 billion in profit, not just revenue. This thanks in part to their ownership of tar-sand land in Canada (image via the report, h/t Meteor Blades at Daily Kos
now we know the catalyst behind the republic push to get Keystone in the US, even though it has been proven to be unsafe.
i'm still looking for some rational that would prompt Pres. to ok this potential eco hazard.
