Koch Industries
Koch Industries, based in
Wichita,
Kansas, has an annual turnover of ~
$3535,000,000,000 (
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 political causes the
United States, including think tanks such as
Citizens for a Sound Economy and the
libertarian Cato Institute.
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