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snagglepuss

(12,704 posts)
Mon Jul 7, 2014, 07:23 PM Jul 2014

Billionaire Koch brothers are big oil players in Alberta. Big as in 1.1 million acres!


snip

For more than 40 years, Canada has been a wellhead of Koch’s burgeoning fortune in oil, refineries, pipelines, petroleum products and financial trading as well as an expanding list of diverse interests — producing an estimated $115 billion in revenues last year, according to Forbes.


In Canada, Koch presides over an interlocking empire of interests, from the Alberta oil sands to fibre and fuel-additive producer INVISTA in Ontario and building products distributor Georgia-Pacific in Quebec. It employs, by its own account, 2,000 people, donates to charitable causes and supports the influential pro-oil Fraser Institute.


Its oil sands interests are top-to-toe, from leasing and selling holdings for prospective development to exploring, drilling and mining bitumen, to marketing and exporting oil to the U.S. through its own and other pipelines, to selling lucrative byproducts.


Critics claim Koch’s profits — bigger than the GDP of Tunisia — would climb even higher if the Keystone XL Pipeline were approved, providing easier access to American and foreign markets, a suggestion Koch strongly denies, insisting it has “no interest” in the contentious pipeline and is not a potential customer.




http://www.thestar.com/news/world/2014/07/06/billionaire_koch_brothers_are_big_oil_players_in_alberta.html









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Billionaire Koch brothers are big oil players in Alberta. Big as in 1.1 million acres! (Original Post) snagglepuss Jul 2014 OP
The Koch topus ... pbmus Jul 2014 #1
Symbolic rape is still rape. eom littlemissmartypants Jul 2014 #2
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