Billionaires’ Carbon Bomb: The Case for Keeping the Koch Brothers’ Tar Sands Assets in the Ground connects the Kochs’ 50-year history in the Canadian tar sands to the current debate over the Keystone XL Pipeline. IFG’s report investigates the Kochs’ role in the push for the Keystone XL Pipeline and other infrastructure vital for tar sands development, and what is at stake for Koch if the pipeline passes, or is rejected.
The Kochs have long been one of the largest players in the tar sands region of Alberta, Canada, but the research in IFG’s latest report indicates that the Kochs hold close to two million acres in Alberta, more than any other major US oil company. While the Kochs stand to profit more than anyone from the pipeline if the project is approved they also stand to lose just as much: the tar sands land-holdings could be rendered “stranded assets” if the pipeline is not approved. The Kochs have also out-spent every other oil company in promoting the pipeline and actively working against attempts to meet international and US climate goals.
Other findings in the report include that the Kochs:
To take action, please sign the UNITY LETTER against the Keystone XL Pipeline, in partnership with 350.org and other organizations.
Click here to watch an anti-KXL video message from Lakota youth to President Obama.