Koch Industries PAC

Sat, 2012-04-28 19:16Guest
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U.S. Republican Koch oil billionaires help fund the Fraser Institute. Why the Fraser Institute?

Authored by Jenny Uechi, originally published at Vancouver Observer. Re-posted with permisison. 

U.S. libertarian oil billionaire brothers David and Charles Koch have poured at least half a million dollars into The Fraser Institute over the last few years. In case you haven't been following their trail, here's a bit about them: 

If the Koch brothers didn't exist, the left would have to invent them. They're the plutocrats from central casting – oil-and-gas billionaires ready to buy any congressman, fund any lie, fight any law, bust any union, despoil any landscape, or shirk any (tax) burden to push their free-market religion and pump up their profits. 

– Rolling Stone Magazine

The Koch brothers are the funders of the Americans for Prosperity group that just launched a $6.1 million television ad targeting President Barack Obama in eight states. Based in Witchita, Kansas, they own the second largest privately held company in America. Their father, Fred Koch, was a member of the radical right-wing John Birch Society.  

According to The New Yorker, “The Kochs operate oil refineries in Alaska, Texas, and Minnesota, and control some four thousand miles of pipeline. Koch Industries owns Brawny paper towels, Dixie cups, Georgia-Pacific lumber, Stainmaster carpet, and Lycra, among other products. Forbes ranks it as the second-largest private company in the country, after Cargill, and its consistent profitability has made David and Charles Koch—who, years ago, bought out two other brothers—among the richest men in America. Their combined fortune of thirty-five billion dollars is exceeded only by those of Bill Gates and Warren Buffett.”  

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