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.
Download a PDF copy of the study here: Billionaires’ Carbon Bomb: The Koch Brothers and the Keystone XL Pipeline.
Spread the word