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View Diary: Waxman wants Investigation of Koch Industry's Hidden Interests in Keystone XL (58 comments)

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  •  this is not difficult (16+ / 0-)

    In recent months Koch Industries Inc., the business conglomerate run by billionaire brothers Charles and David Koch, has repeatedly told a U.S. Congressional committee and the news media that the proposed Keystone XL oil sands pipeline has "nothing to do with any of our businesses."

    I presume this means that they are not in the oil pipeline construction business.

    But the company has told Canadian energy regulators a different story.

    In 2009, Flint Hills Resources Canada LP, an Alberta-based subsidiary of Koch Industries, applied for—and won—"intervenor status" in the National Energy Board hearings that led to Canada's 2010 approval of its 327-mile portion of the pipeline. The controversial project would carry heavy crude 1,700 miles from Alberta to the Texas Gulf Coast.

    In the form it submitted to the Energy Board, Flint Hills wrote that it "is among Canada's largest crude oil purchasers, shippers and exporters. Consequently, Flint Hills has a direct and substantial interest in the application" for the pipeline under consideration.

    But they do have an interest in the oil that would  flow through the pipeline.

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