Tuesday, August 30, 2011

Billionaires brawl over natural gas tax subsidies; T. Boone Pickens: Charles Koch working for Koch, Pickens working for America

Pickens, 83, has spent $82,000,000 promoting the use of domestically produced natural gas to power cars and trucks and wants tax breaks to purchase natural-gas fueled trucks.

Naturally he has companies which would benefit from such policies.

Charles Koch, 75, founder of tea bagger astroturf group Americans for Prosperity, would benefit from tar sands oil (the so-called 'carbon bomb' because its extraction and refinement requires huge amounts of water and energy) and the proposed TransCanada Keystone XL pipeline which would run through the Ogallala Aquifer, North America's largest underground source of fresh water.

TransCanada's Keystone 1 pipeline has leaked 12 times in its first year of operation.

Americans for Prosperty is running radio ads on KGOR in Omaha trashing Boone Pickens' natural gas initiative.

Since the Koch-led lobbying campaign against Pickens began, 14 House Republicans have withdrawn support for the legislation.

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