Koch "Carbon Bomb" Brothers Could Cash in Billions on Alberta Tar Sands Holdings

[unhappycamper]

http://www.truth-out.org/buzzflash/commentary/item/18312-koch-carbon-bomb-brothers-could-cash-in-billions-on-alberta-tar-sands-holdings



Climate Change: A Time Bomb for Planet Earth

Koch "Carbon Bomb" Brothers Could Cash in Billions on Alberta Tar Sands Holdings
MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT
Thursday, 14 November 2013 08:52

A recent study by the International Forum on Globalization (IFG), provides evidence that the Koch Brothers could earn at least $1 billion from Alberta tar sand land holdings (with additional profit from their processing plants and related products and services). This is despite the unconvincing Koch Brothers claim that they have no personal interest in the pipeline.

That disconnect reflects a larger problem that befuddles the northern section of the Keystone XL Pipeline decision. Tar sands oil is already flowing into the US and the Koch Brothers are already profiting from it through its conversion into petroleum coke.

Think Progress recently detailed the toxic pollution caused by coke pilings in Detroit and Chicago. The owners of the processing facilities that turn the tar sand oil into petroleum coke at these two sites are, you guessed it, the Koch Brothers. The name of the parent company is, hold your gasp, Koch Carbon.

Now, this gets to the issue of the pipelines already flowing with tar sands oils into the US. Remember that, number one, the northern section of the Keystone XL pipeline will increase the flow and profits from the tar sands oil, but if not built tar sands oil will continue to make its way into the US through existing pipelines. Major tar sands oil pipeline spills have already occurred in Michigan and Arkansas. And the southern leg of the Keystone Pipeline -- the one Obama approved -- has already needed 125 repairs from faulty pipes, and it hasn't even started flowing yet.

[BlueToTheBone]

1. I'd like to see the brothers and their billions

swimming in the tar sands that are gushing up and destroying the whole ecosystem there.

[pscot]

2. They can't spend it in hell

[Nihil]

3. That's what they're doing at the moment ...

... spending it on things(*) to insulate them from the Hell that they've been busy
creating here on Earth.

You know that line about "Creating Heaven on Earth"? They've gone one better.


(*) = security guards, aquifers, remote hideaways, politicians, media companies, ...