March, 30 2010, 12:07pm EDT
For Immediate Release
Contact:
Joe Smyth, Greenpeace US media: 831 566 5647, joe.smyth@greenpeace.org
Kert Davies, Greenpeace US Research Director: 202 413 8515, kert.davies@greenpeace.org
Mareike Britten, Greenpeace International: +31 6 2900 1141
Giant Private US Oil Company at Center of Climate Denial Funding: Greenpeace
A little-known, privately-owned US oil and
manufacturing giant that has made its owners the 19th richest men in the
world has outspent even ExxonMobil in funding the denial of the science
of climate change in recent years, according to a Greenpeace report
released today.
WASHINGTON
A little-known, privately-owned US oil and
manufacturing giant that has made its owners the 19th richest men in the
world has outspent even ExxonMobil in funding the denial of the science
of climate change in recent years, according to a Greenpeace report
released today.
Entitled "Koch Industries: Secretly funding the climate denial
machine" (1), the report details how Kansas-based Koch Industries, a
multinational company with little public profile, is playing a quiet but
dominant role in the US policy debate on climate change. It shows how
Koch has become the financial kingpin in efforts to undermine confidence
in climate science and to oppose clean energy in the US and
internationally. Between 2005 and 2008, Koch foundations contributed
$24.8 million to climate denial organizations - nearly 3 times as much
as ExxonMobil in the same period.
machine" (1), the report details how Kansas-based Koch Industries, a
multinational company with little public profile, is playing a quiet but
dominant role in the US policy debate on climate change. It shows how
Koch has become the financial kingpin in efforts to undermine confidence
in climate science and to oppose clean energy in the US and
internationally. Between 2005 and 2008, Koch foundations contributed
$24.8 million to climate denial organizations - nearly 3 times as much
as ExxonMobil in the same period.
"It is time Koch Industries came clean and dropped its dirty,
behind-the-scenes campaign against action on climate change," said Kert
Davies, Research Director at Greenpeace US
The report also details Koch Industries' growing effort in recent years
to influence US climate and energy policy through spending on lobbying
and campaign contributions from Koch's Political Action Committee to
candidates for federal office. Since the 2006 election cycle, Koch
Industries PAC contributed more to federal candidates than any other
company in the oil & gas industry. Koch Industries ranks third in
lobby expenditures from the oil sector since 2006, just behind
ExxonMobil and Chevron.
Two brothers, Charles and David Koch, own and control Koch Industries as
well as its political spending.
"By spending millions of dollars on lobbying and political
contributions, Charles and David Koch are polluting not only our
environment, but also the US political process. Efforts to pass US clean
energy and climate policy are being hampered by polluter lobbyists and
climate science denial campaigns, and Koch Industries is at the core of
this obstruction." said Davies.
The report details several Koch-funded climate denial efforts:
* The Koch foundations provided substantial funding to at least 20
organizations central to the global "echo chamber" which have repeatedly
rebroadcast, referenced, and appeared as media spokespeople in the
story, dubbed "Climategate," of supposed wrongdoing by climate
scientists gleaned from e-mails hacked from the University of East
Anglia, in November 2009.
* Charles Koch's foundation along with ExxonMobil and the American
Petroleum Institute, funded an astrophysicist to write a 2007 article
about polar bears, masquerading as a peer-reviewed scientific paper
attempting to refute the science around the threat to polar bears from
climate change.
* The Kochs funded a Danish think tank that produced a dubious study
about the Danish wind industry. The Koch-funded 'echo chamber' in the
US used this study to challenge President Obama's support of wind
energy. Earlier this month, the Danish Environment Minister rejected the
study (2).
* The Kochs funded groups that supported and promoted a widely debunked
study in Spain that claimed that the renewable energy industry had lost
the country jobs. Among the groups was "Americans for Prosperity" - a
front group founded and chaired by David Koch. It is currently
campaigning against clean energy and climate policy in the US.
Although few Americans have heard of Koch Industries, it is a major oil
corporation with operations in nearly 60 countries. Koch Industries is
the second largest privately held company in the US, a conglomerate of
more than 20 companies with 70,000 employees and $100 billion in annual
sales. Most of Koch's operations are invisible to the public, with the
exception of a handful of retail brands such as Brawny(r) paper towels
and Dixie(r) cups as well as synthetic textiles like Lycra(r) and Cordura(r).
Part of Koch Industries' influence is channeled through three
foundations, also controlled by the co-owners of the company, David and
Charles Koch. From 2005 to 2008, ExxonMobil spent around US$9 million
while Koch Industries-controlled foundations spent nearly US$25 million
on undermining confidence in climate science by funding the climate
denial movement. Groups which received funding include the Americans for
Prosperity, the Heritage Foundation, Mercatus Center, the Cato
Institute, Washington Legal Foundation and the Foundation for Research
on Economics and the Environment (FREE).
"This funding is propping up an echo chamber of doubt, deliberately
creating the appearance of controversy and uncertainty about the
international consensus on climate change science in order to slow down
policymakers," said Davies.
Greenpeace is a global, independent campaigning organization that uses peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future.
+31 20 718 2000LATEST NEWS
Agency Trump and Musk Want to 'Delete' Set to Deliver $1.8 Billion to Scammed US Consumers
"When the Consumer Financial Protection Bureau is allowed to fully do its job, Americans only stand to benefit."
Dec 06, 2024
In the coming weeks, as President-elect Donald Trump's second term approaches and his pledge to dismantle key agencies potentially comes closer to fruition, 4.3 million consumers are set to receive checks from one of the agencies the incoming administration wants to "delete."
The Consumer Financial Protection Bureau (CFPB) announced Thursday that it will soon begin distributing a historic $1.8 billion to millions of people who were charged illegal junk fees or defrauded by credit repair companies including Lexington Law and CreditRepair.com.
The money will be distributed from the CFPB's victim relief fund, which was created by Congress and is financed entirely by civil penalties paid by companies and individuals who violate consumer financial protection laws.
The fund has distributed $3.3 billion to consumers since its inception, and the CFPB said the forthcoming payment will be its largest ever.
"Lexington Law and CreditRepair.com exploited vulnerable consumers who were trying to rebuild their credit, charging them illegal junk fees for results they hadn't delivered," said CFPB Director Rohit Chopra. "This historic distribution of $1.8 billion demonstrates the CFPB's commitment to making consumers whole."
A district court ruled in August 2023 that the two companies had violated the Telemarketing Sales Rule's prohibition on advance fees, which bars credit repair firms from collecting fees from consumers until they prove they have achieved the results they promise to their customers.
If the CFPB payments are divided equally among those who were wrongly charged fees by the two companies, each consumer would receive about $419.
The payments are being sent days after the CFPB proposed a rule aimed at reining in data brokers who sell people's personal information.
As Common Dreamsreported, billionaire entrepreneur Elon Musk has expressed concern about the practices of data brokers—but as Trump's nominee to co-lead the Department of Government Efficiency (DOGE), a yet-to-be-created commission that would cut regulations and government spending, Musk has pledged to "delete" the CFPB.
Filmmaker and media activist Danny Ledonne said Musk and Vivek Ramaswamy, another businessman nominated to lead DOGE, likely want to do away with the CFPB because the agency acts "in the interest of regular people."
Liz Zelnick, director of the Economic Security and Corporate Power Program at government watchdog Accountable.US, said the upcoming $1.8 billion payout shows why the CFPB should remain in operation.
"When the Consumer Financial Protection Bureau is allowed to fully do its job, Americans only stand to benefit," said Zelnick. "Between surprise fees and misleading business practices, today's victory affirms the importance of the CFPB for defending people across the country from shady industry actors."
Rep. Mark Pocan (D-Wis.) said supporters of consumer protections in Congress will "fight any attempts to dismantle [CFPB], whether from Trump, Musk, or their billionaire buddies."
"The CFPB fights for everyday Americans against corporate greed, junk fees, and predatory lenders," he said. "This watchdog agency protects normal people like you and me."
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'We Need to Tax the Rich So Much More': Musk Spent Quarter of a Billion Backing Trump
"If your income was $274 million per year, you'd make more than 99.9% of Americans," wrote one activist. "Elon Musk spent that buying the 2024 elections for Republicans."
Dec 06, 2024
Federal filings released Thursday revealed that Elon Musk spent significantly more than previously known to help secure a second White House term for Donald Trump and boost GOP congressional candidates, making the world's richest man the nation's largest political donor and perhaps the most influential figure involved with the incoming administration.
The Federal Election Commission (FEC) filings showed that Musk, the CEO of Tesla and owner of the social media platform X, spent around $270 million this year in support of super PACs backing Trump's reelection bid.
The filings also exposed Musk as the mysterious funding source behind RBG PAC, a Republican organization named after the late Supreme Court Justice Ruth Bader Ginsburg. Musk pumped more than $20.5 million into the super PAC, which aimed to paint Trump as more moderate on abortion than other Republicans and falsely claimed Trump shared Ginsburg's views on reproductive rights.
"In reality, RBG unequivocally supported abortion rights, believing it was a fundamental matter of equality," notedRolling Stone's Andrew Perez. "Trump, on the other hand, pledged to appoint Supreme Court justices who would overturn Roe v. Wade and allow states to ban abortion—and his justices did just that. When Ginsburg died late in Trump's first term, he replaced her with Justice Amy Coney Barrett, creating a 6-3 conservative supermajority on the court that overturned Roe and ended the federal right to an abortion."
Musk's ability to convert his extreme wealth into political influence underscored the need for far higher taxes on the nation's economic elites, progressives said in response to the FEC disclosures. In 2018, Musk paid nothing in federal income taxes even as his wealth soared, largely due to Tesla stock appreciation.
"We need to tax the rich so much more," activist Jonathan Cohn wrote on social media. "Not just so that we can fund programs to benefit everyone, but to prevent them from rigging the political system in their favor."
Melanie D'Arrigo, executive director of the Campaign for New York Health, noted that "if your income was $274 million per year, you'd make more than 99.9% of Americans."
"Elon Musk spent that buying the 2024 elections for Republicans," she wrote. "Tax the oligarchs."
Musk's spending on the 2024 elections outpaced that of Timothy Mellon, the secretive heir to a Gilded Age fortune who pumped $197 million into races in support of Republican candidates, Bloombergreported.
Musk, whose wealth jumped substantially following Trump's victory, is one of more than a dozen billionaires set to be either a member or close adviser to the incoming administration. The president-elect has tasked Musk and fellow billionaire Vivek Ramaswamy with leading a commission whose goal is to gut federal regulations and slash spending.
"It's not hyperbole to call this a government of billionaires," Axiosreported Friday. "Trump's projected Cabinet alone is worth at least $10 billion... Trump's gilded Cabinet is the product of an election in which billionaires spent like never before in U.S. history—mostly on behalf of Republicans."
The billionaires in Trump's inner circle are set to play central roles in crafting policy over the next four years, including another tax-cut package that's expected to disproportionately benefit wealthy Americans. The 2017 Trump-GOP tax law that Republicans are looking to extend and expand helped boost the collective wealth of U.S. billionaires by over $2 trillion.
"The looters and polluters who are swarming around Trump bear careful watching," Sen. Sheldon Whitehouse (D-R.I.) said earlier this week. "Looks like no one's too rich to want to steal."
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"They're going to put everything on the table," one Republican lawmaker said of Elon Musk and Vivek Ramaswamy.
Dec 06, 2024
Republican lawmakers on Thursday signaled a willingness to target Social Security and other mandatory programs after meeting with Elon Musk and Vivek Ramaswamy, the billionaire pair President-elect Donald Trump chose to lead a new commission tasked with slashing federal spending and regulations.
Though the GOP's 2024 platform pledged to shield Social Security, the party has reverted to its long-held position in the weeks since Trump's election victory, with some lawmakers openly attacking the program while others suggest cuts more subtly by stressing the supposed need for "hard decisions" to shore up its finances. (Progressives argue Social Security's solvency can be guaranteed for decades to come by requiring the rich to contribute more to the program, a proposal Republicans oppose.)
On Thursday, Rep. Ralph Norman (R-S.C.) emerged from a meeting with Musk and Ramaswamy with the message that "nothing is sacrosanct."
"They're going to put everything on the table," said Norman, one of the wealthiest members of Congress.
After airing Norman's remarks, Fox Business reported that Musk and Ramaswamy told lawmakers that no federal program is safe from cuts, "and that includes Social Security, Medicare, and Medicaid."
Fox Business reports that cutting Social Security, Medicare, and Medicaid is "on the table" for Republicans pic.twitter.com/ETUjJHbt3h
— Aaron Rupar (@atrupar) December 5, 2024
NBC News congressional correspondent Julie Tsirkin said Thursday that after meeting with Musk, Sen. John Thune (R-S.D.)—who was recently elected Senate majority leader for the upcoming Congress—told her that "perhaps mandatory programs are areas that they're looking to make cuts in, like Social Security, for example."
"But again, no specifics were laid out there," Tsirkin added.
Thune has previously voiced support for raising Social Security's retirement age, a change that would cut benefits across the board.
🚨🚨🚨
BREAKING: After meeting with Elon Musk, Republican leader Sen. John Thune announces plans to cut Social Security
HANDS OFF OUR EARNED BENEFITS! pic.twitter.com/eTX8wpHuwr
— Social Security Works (@SSWorks) December 5, 2024
In the days leading up to their Capitol Hill visit, both Musk and Ramaswamy took swipes at Social Security, Medicare, and Medicaid and made clear the programs would be in the crosshairs of their advisory commission, which is examining ways to slash federal spending without congressional approval.
Earlier this week, Musk amplified a series of social media posts by Sen. Mike Lee (R-Utah), who once said he hopes to "get rid of" Social Security, Medicare, and Medicaid. Defenders of Social Security saw Lee's thread, and Musk's apparent endorsement of it, as a declaration of war on the New Deal program.
Days later, Ramaswamy said in an interview with CNBC that "there are hundreds of billions of dollars of savings to extract" from Social Security, Medicare, and Medicaid, claiming the programs are rife with waste, fraud, and abuse.
"People love to have lazy armchair discussions about, oh, are you going to make cuts to entitlements or not, when, in fact, the dirty little secret is that many of those entitlement dollars aren't even going to people who they were supposed to be going to in the first place," said Ramaswamy, advancing a narrative that observers warned could be used to justify additional bureaucratic barriers making it harder for eligible people to receive benefits.
Sen. Sheldon Whitehouse (D-R.I.), chairman of the Senate Budget Committee, said Thursday that the Trump-GOP agenda is "so predictable."
"Tax cuts for billionaire donors; benefit cuts for people on Social Security—how the billionaires loot our country (what, not rich enough already, fellas?)," Whitehouse wrote on social media.
In a column on Thursday, MSNBC's Ryan Teague Beckwith wrote that "Republicans somehow keep coming back to the idea of cutting Social Security" despite widespread opposition to such cuts among the American public.
"Would Trump try to cut Social Security? It's hard to say. Over the years, he has staked out every possible position on Social Security—sometimes within hours of each other," wrote Beckwith, noting that Trump previously called the program a "huge Ponzi scheme" and backed calls to raise the retirement age.
"So if Republicans—or Musk—decide to propose changes to Social Security benefits," Beckwith added, "it's possible that he might go along with it."
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