stalling climate deal

Thu, 2012-12-06 10:25Carol Linnitt
Carol Linnitt's picture

International Forum on Globalization: Kochtopus "Carbon Billionaires" Create "Climate Deadlock"

While international cooperation to reduce global greenhouse gas emissions has never been a greater imperative, climate progress has never been more stymied, more corrupted by those who stand to gain from maintaining a beleaguered carbon-based energy system that threatens the health and well-being of the global community. 

According to a new report released this week by the International Forum on Globalization (IFG), no climate culprit deserves greater blame than the carbon billion duo, brothers Charles and David Koch. The IFG's “Faces Behind a Global Crisis: US Carbon Billionaires and the UN Climate Deadlock” explains the role these oil barons play in paralyzing global efforts to combat climate change on the international level. 
 
“The Kochs cashed in by polluting our planet - economists would call them free-riders - and now they wield their wealth to rig the rules in their own favor…Leading an epic propaganda effort by the broader fossil fuel industry, global climate cooperation may face no bigger barrier blocking progress today than these two individuals of undue influence.”
 
The extent and influence of the Kochs' wealth cannot be underestimated. According to the Bloomberg Billionaires Index, the Koch brothers combined constitute the world's wealthiest 'individual' with a value of $80.2 billion, beating out Mexico's Carlos Slim at $71.8 billion. 
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