2010-09-03

Koch Industries Funding Fight Against Climate Change Law, Via Subsidiary | Triple Pundit: People, Planet, Profit

The Yes on 23 Committee, a.k.a. the California Jobs Initiative, a.k.a. the November ballot initiative Proposition 23 which would suspend AB32, California’s climate change law, became $2 million richer yesterday. The funding came through $1 million donation from Flint Hills Resources, a subsidiary of Koch Industries, and another $1 million by another oil refiner, Tesoro, reports the Sacramento Bee.

Flint Hills Resources, based in Wichita, Kansas, is an oil refiner and chemical supply company. Katie Stavinoha, a spokesperson for Flint Hills Resources, told Triple Pundit that the company made the $1 million donation to Yes on 23 because it believes that “implementation of AB32 will cause significant job losses and higher energy costs in the state of California and sets a bad precedent for future regulation in other states and by the Federal government.”

Koch Industries, also based in Wichita, and one of the largest private companies in the world, also owns two pipeline companies and a number of firms outside petroleum, including makers or chemicals, polymers and fertilizers. Oh, and paper. Georgia-Pacific is an indirect whole own subsidiary.

Koch Industries Funding Fight Against Climate Change Law, Via Subsidiary | Triple Pundit: People, Planet, Profit

The Koch brothers are at it again... trying to look benevolent while the do their best to protect their piles and piles of money.

What do you think? Should billionaires be allowed to exert huge influence in our 'democratic' process? Throwing money into causes that further their profits while hurting the rest of us?

Are we really becoming a nation of "1 dollar, 1 vote"? Sure feels like it... it would seem that they even own the U. S. Supreme Court.

The "Free Market" that the GOP and most Libertarians are talking about is not a "free market". It's the Peabody Coal company store, writ large across our land.

Take a look at this article, and while you're at it, have a peek at The New Yorker's analysis of where things really stand with the Koch gang. Covert Operations
The billionaire brothers who are waging a war against Obama.

http://www.newyorker.com/reporting/2010/08/30/100830fa_fact_mayer

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