“The Senate’s passage of a bill to force approval of the Keystone pipeline shows that Republicans have prioritized the financial interests of their top donors, particularly Charles and David Koch, who have more acreage in Alberta than Exxon, Chevron, and Conoco combined. Call it the ‘plutocrats pay-off,’ since Koch outspent all other oil companies and individuals to deliver a dozen new Senators from 2014 elections. Now is the time for President Obama to not just veto but also reject the pipeline since it clearly is not in our national interest, whereas Keystone XL’s biggest beneficiaries could be the two billionaire brothers who are a danger to democracy and lead the opposition to climate action.”
Koch’s potential CO2 emissions from Canadian tar sands could be more than that of Exxon, Chevron, and Conoco combined based on available data on the carbon content of each company’s acreage in Alberta, as reported in IFG’s Billionaires’ Carbon Bomb: the Koch Brothers and the Keystone XL Pipeline.
The Washington Post recently confirmed IFG’s claim by quoting a Canadian oil official that Koch has “closer to two million acres” in Canadian tar sands territory, which could contain almost 20B metric tons of CO2. President Obama’s approval of Keystone XL would exacerbate CO2 emissions by intensifying tar sands extraction, whereas the President’s rejection of Keystone XL has the potential to keep tar sands in the ground.