The Brothers Koch quietly become largest tar-sands lease holders in Alberta
The Koch brothers have leases on a confirmed 1.1 million acres of Alberta tar sands.
David and Charles Koch are known as key architects of the Tea Party movement.
They stand to gain billions if the proposed Keystone XL pipeline from Alberta's oil sands to refineries in the Gulf Coast are built.
The Koch brothers fund numerous think tanks and organizations that deny climate change and promote neoliberal economic policies.
The Vancouver Observer found through U.S. tax records that Koch foundations have repeatedly funded the Fraser Institute, a Vancouver-based right-wing think tank with federal Conservative Party ties.
The Kochs' secret agenda not so secret anymore as even local media starts investigating
President Obama called out the billionaires in August for backing efforts to block renewable energy standards. The Koch brothers have lobbied for tax breaks that favor their energy interests and funded efforts to repeal renewable energy standards at the state level.
According to Forbes, the brothers are now worth $41 billion each, meaning their fortune has more than doubled under Obama.
According to Forbes, the brothers are now worth $41 billion each, meaning their fortune has more than doubled under Obama.
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