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Koch Brothers Are Largest Lease Holders in Alberta Tar Sands
The largest lease holder in Canada's oil sands is a subsidiary of Koch Industries, the conglomerate that is the source of the fortune owned by the controversial conservative political donors, Charles and David Koch.
The Koch's holdings in the tar sands were disclosed by Koch Cash, an activist group that analyzed mineral records of the Alberta government. The Koch subsidiary holds leases on at least 1.1 million acres in the northern Alberta oil sands, which span roughly 35 million acres; other industry experts estimate the total Koch holdings could be closer to 2 million acres.
That puts Koch Industries ahead of energy heavyweights Royal Dutch Shell and Conoco Phillips, both of which lease significant acreage in the oil sands.
The findings are likely to inflame the debate surrounding the proposed Keystone XL pipeline—which would transport tar sands oil to refineries in Texas—although the Koch's company has not reserved space in the pipeline.
Activists argue that the Kochs do have a stake in the outcome of the Keystone XL battle because the pipeline would drive down crude oil transportation costs, benefiting all oil sands lease holders.
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By Teju Adisa-Farrar & Raul Garcia
In the summer of 1969 a banner hung over a set of condemned homes in what was then the predominantly black and brown Brookland neighborhood in Washington, DC. It read, "White man's roads through black men's homes."
Earlier in the year, the District attempted to condemn the houses to make space for a proposed freeway. The plans proposed a 10-lane freeway, a behemoth of a project that would divide the nation's capital end-to-end and sever iconic Black neighborhoods like Shaw and the U Street Corridor from the rest of the city.
Michigan prosecutors dropped all criminal charges against government officials involved in the Flint water crisis Thursday, citing concerns about the investigation they had inherited from the Office of Special Counsel (OSC) appointed by former Attorney General Bill Schuette, CNN reported.