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New Study: Koch’s Could Make $100 Billion on Keystone XL Pipeline Deal

1:17 pm in Uncategorized by Kevin Grandia

One Hundred Billion Dollars

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 given the go-ahead by U.S. President Obama.

The report, titled Billionaires’ Carbon Bomb, and 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 oil that will 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. “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.”

Download a PDF copy of the study here: Billionaires’ Carbon Bomb: The Koch Brothers and the Keystone XL Pipeline Read the rest of this entry →

New Study Finds Koch Bros. Tried to Start Tea Party Movement in 2002

11:11 am in Uncategorized by Kevin Grandia

Caricature of David Koch

Were David Koch (and his brother Charles) planning to astroturf the Tea Party even earlier than formerly suspected?

Shattering the public perception that the Tea Party is a spontaneous popular citizens movement, a new academic paper provides evidence that an organization founded by David and Charles Koch, attempted to launch the Tea Party movement in 2002.

The peer-reviewed study appearing in the academic journal, Tobacco Control and titled, ‘To quarterback behind the scenes, third party efforts’: the tobacco industry and the Tea Party, shows that the group Citizens for a Sound Economy launched a Tea Party movement website, www.usteaparty.com, that went live in 2002.

According to the website DeSmogBlog.com, who broke this story earlier today, CSE was founded in 1984 by the infamous Koch Brothers, David and Charles Koch in 1984. David Koch sat on the board of CSE for many years and the group’s first president, Richard Fink, went on to become a senior VP at Koch Industries.

The common public understanding of the origins of the Tea Party is that it is a popular grassroots uprising that began with anti-tax protests in 2009.

You can find  a screenshot here of the archived U.S. Tea Party site, as it appeared online on Sept. 13, 2002.

The site is described as, “In 2002, our U.S. Tea Party is a national event, hosted continuously online, and open to all Americans who feel our taxes are too high and the tax code is too complicated.” There is also “Patriot Guest book” available for visitors to voice their support and write a message for CSE and the U.S. Tea Party movement.

The US Tea Party site is no longer online and appears to have been taken down sometime in mid-2011. A DNS registry search, finds that the web address usteaparty.com is currently owned by Freedomworks, an organization heavily involved in Tea Party organizing today.

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