Friday, March 21, 2014

Crude Quote of the Day


"In their recent report The Billionaires’ Carbon Bomb about the Koch Brothers and the Keystone XL pipeline, the International Forum on Globalization (IFG) contends that Koch Exploration Canada, the Koch Industries subsidiary that buys and sells land for energy development, could profit by up to $100 billion with the construction of the Keystone XL pipeline. While this number is up for debate, it is clearly not a losing investment. "  --  Ari Phillips for ThinkProgress.org.  (emphasis added).  Koch Industries, through a Canadian subsidiary, holds leases on some 1.1 million acres of northern Alberta tar sands property.  It's not surprising that the fossil fuel-friendly Republican Party is a partner with the likes of Koch Industries in making sure the Keystone XL pipeline is constructed, so that the Koch's tar sands oil makes its way to refineries, some of which may also be owned by Koch Industries.  The Kochs, in turn, reward the Rethugs with generous contributions and with "independent" PAC activities aimed at undermining Democratic policies and politicians, not to mention something called the Federal Government.

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