Koch Industries and its subsidiaries stand to make as much as $100 billion in profits if the Keystone XL pipeline is built.The largest lease holder in Canada’s oil sands is a subsidiary of Koch Industries, the conglomerate that is the source of the fortune owned by the controversial conservative political donors, Charles and David Koch.The Koch’s holdings in the tar sands were disclosed by Koch Cash, an activist group that analyzed mineral records of the Alberta government. The Koch subsidiary holds leases on at least 1.1 million acres in the northern Alberta oil sands, which span roughly 35 million acres; other industry experts estimate the total Koch holdings could be closer to 2 million acres.That puts Koch Industries ahead of energy heavyweights Royal Dutch Shell and Conoco Phillips, both of which lease significant acreage in the oil sands.
Monday, March 24, 2014
Why the Koch Brothers love the Keystone XL pipeline...
Well it turns out that the Koch Brothers Are Largest Lease Holders in Alberta Tar Sands