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Published on May 11th, 2012 | by Zachary Shahan

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#1 Thing Blocking a National Energy Plan is Koch Industries, According to T. Boone Pickens

May 11th, 2012 by  


I’m still catching up from my ~3- to 4-day vacation last week (first in a long time), but I’m obsessive about “not missing anything” and so I’m still going through the thousands of articles that were waiting for me in Google Reader. Some of them I can’t help but republish or call attention to, such as this gem from Joe Romm of Climate Progress — as the title implies, it’s about a statement made by T. Boone Pickens that Koch Industries is the number one reason we don’t have a national energy plan, and important related matters (including the price of natural gas), but read on:

by Joe Romm (originally published on Climate Progress)

Billionaire energy investor T. Boone Pickens has a bone to pick with the country’s leading pollutocrats.

Pickens said in an interview Wednesday with Yahoo’s Daily Ticker that Koch Industries, the company owned by Charles and David Koch, is the major stumbling block to a coherent U.S. energy policy:

“The biggest deterrent to an energy plan in America is Koch Industries,” the BP Capital founder tells Yahoo’s Aaron Task. “They do not want an energy plan for America because they have the cheapest natural gas price they’ve ever had, and they’re in the fertilizer business and they’re in the chemical business. So their margins are huge. And they do not want you to have an energy plan, because if you had a plan, then natural gas prices would come up.”

Watch it:

Back in October, a German state minister explained that the country could decarbonize with renewables because “We Don’t Have the … Koch Brothers.” He was referring to the Kochs’ lobbying for dirty fuels and against clean energy, and its spending on climate science disinformation, which exceeds that of ExxonMobil. As Business Insider explains:

The second-largest private company in the United States, Koch Industries has spent at least $5 million in lobbying in each of the past four years, and given at least $1,000,000 in seven of the last eight election cycles, according to data from OpenSecrets.

In 2008, the company spent nearly $18 million on lobbying for oil and gas interests alone, according to Open Secrets. They’ve already spent $2.3 million on oil and gas lobbying in 2012.

Pickens was referring to the Koch brothers’ Americans For Prosperity front group, which has been bashing Pickens’ beloved NAT GAS Act (HR 1380) to promote natural-gas vehicles (NGVs). Since the AFP campaign began, 14 House Republicans have withdrawn support for the legislation. Of course, we now know that NGVs are bad for the climate (see “Natural Gas Is A Bridge To Nowhere Absent A Carbon Price AND Strong Standards To Reduce Methane Leakage“). As EDF chief Fred Krupp put it, “I’m here to tell you today that every truck we switch to natural gas damages the atmosphere.”

Still, who can argue with Pickens’ central point? The men from Koch — and the groups, politicians, and  disinformation they fund — are now the Sith Lords of climate and clean energy inaction in the country. 
 





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About the Author

Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.



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