Koch Industries
Koch Industries, based in Wichita, Kansas, has an annual turnover of ~$35,000,000,000 (2002). The corporation was formed in 1946 by Fred Koch and is involved with a number of products, such as: asphalt, fertilizers, fibers, minerals, natural gas, petroleum, plastics, ranching, and securities. Koch Industries is now under the joint administration of Charles and David H. Koch.
The Koch brothers also operate the Koch Family Foundations, a major source of funding for conservative and libertarian political causes in the United States, including think tanks such as Citizens for a Sound Economy and the Cato Institute. David's political activism also includes running as the vice presidential nominee of the United States Libertarian Party in 1980, when he and running mate Edward Clark finished fourth with 921,299 votes.
Criticism
In 1989, the US Senate Committee on Investigations stated, "Koch Oil, a subsidiary of Koch Industries, is the most dramatic example of an oil company stealing by deliberate mismeasurement and fraudulent reporting." (Palast p.150) During the Clinton administration, Koch was charged with 315 acts of pollution. Koch Industries denies the allegations.
References
External Link
Referenced By
Citizens for a Sound Economy | Fuel oil | Koch Family Foundations | Motor oil | Petroleum | Used oil | Wichita | Wichita, Kansas
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