Koch Brothers Could Make $100 Billion if Keystone XL Pipeline Approved

A new study released Sunday concludes that Koch Industries and its subsidiaries stand to make as much as $100 billion in profits if the controversial Keystone XL pipeline is granted a presidential permit from U.S. President Barack Obama.

The report, titled Billionaires' Carbon Bomb, produced by the think tank International Forum on Globalization, finds that David and Charles Koch and their privately owned company, Koch Industries, own more than 2 million acres of land in Northern Alberta, the source of the tar sands bitumen that would be pumped to the United States via the Keystone XL pipeline.

 Koch Brothers Could Make $100 Billion if Keystone XL Pipeline Approved