Koch brothers jump into Prop 23 fight
A company controlled by the billionaire Koch brothers, who have bankrolled numerous right-wing causes, has donated $1 million to the campaign to pass Proposition 23, the California ballot initiative that would suspend the state's global-warming law.Why? They would have to change their practices and products - taking some of their profit away. Money is much more important than healthy lives and a healthy future.
The contribution was made Thursday and came from Flint Hills Resources, a Kansas petrochemical company that is a subsidiary of Koch Industries. The Koch brothers were the subject of a recent profile in The New Yorker.
The Koch donation came a day after Tesoro, a Texas oil company that has been bankrolling the pro-Prop 23 campaign, put $1 million into the campaign coffers.
According to the No campaign, 97 percent of the $8.2 million raised by the Yes forces has been given by oil-related interests and 89 percent of that money has come from out of state. Three companies, Koch Industries, Tesoro, and Valero -- another Texas-based oil company -- have provided 80 percent of those funds.
"There are three companies from out of state that have a very specific economic interest in rolling back our clean energy economy and jobs," Thomas Steyer, a San Francisco hedge-fund manger who is co-chair of the No on 23 campaign, said during a conference call Friday.
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