Inside the Koch Brothers Secret Billionaire Summit
Key Excerpts from Article on Website of The Nation
Posted: June 23rd, 2014
Charles and David Koch wrapped up their annual summer seminar on June 16. [Their] combined net worth is more than $100 billion, according to the Bloomberg Billionaires Index. The highly secretive mega-donor conference, called American Courage: Our Commitment to a Free Society, featured a whos who of Republican political elites. 300 individualsworth at least a billion eachwere present. The explicit goal was to raise $500 million to take the Senate in the 2014 midterms and another $500 million to make sure Hillary Clinton is never president. The Koch network raised an estimated $407 million in the 2012 presidential election, according to an analysis by The Washington Post and the Center for Responsive Politics. Intriguing in its ambiguity was the Energy: Changing the Narrative session, presumably meant to change the narrative of climate change to one of energy independence. The Kochs are investing large sums in a new energy initiative with what looks like a deregulatory, pro-consumer spin to combat President Obamas new regulations on carbon dioxide emissions and liberal billionaire Tom Steyers $100 million commitment to fight climate change. It is not hard to see why the Kochs, as the owners of a large carbon-based energy conglomerate with interests in oil, natural gas and coal, are some of the most vocal climate deniers. In 2013, Forbes listed Koch Industries as the second largest privately held company in the country. This conclave of billionaires is determined to roll back Obamacare and carbon restrictions. In an America where money equals speech, Koch is king.
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