Koch Foreign Subsidiaries Making Campaign Contributions

Koch Industries not One but Two Foreign Subsidiary So Far Made Illegal Campaign Donations

When it came out that Koch Industries foreign subsidiary InVista made donations we were reminded of exchange between Justice Alito shaking his head when President Obama at his State of the Union Address made the statement:

“Last week, the Supreme Court reversed a century of law that I believe will open the floodgates for special interests – including foreign corporations – to spend without limit in our elections.”

Also in a his Jan. 23 radio address, the President raised the argument about foreign companies dumping money into our campaigns “even foreign corporations may now get into the act” of spending “an unlimited amount of special interest money” for political purposes.

In 5-4 decision in Citizens United vs. Federal Election Commission ended barrment of corporations donating money into political campaigns. The decision broke down into on the side of Party lines with their being 5 Conservative Judges versus the 4 Democratic Justices on the Supreme Court. IE this whole situation also created the new Republican slogan ‘Corporations are People’.

Does any know all the companies that the koch brothers/Koch Industry had or still own now. Even if you go to the Koch Industry website and see the timeline of the history of their company and the subsideraries it says it owns, trust me that last is imcomplete, because there are couple of names I can think off the bat that they own and sold, and some other companies they continued to own today. So I have to wonder at the number of just how many foreign subsideraries own by Koch have donated into our political campaigns.

I can think of another in fact besides Invista. TransCanada is also a company owned by Koch. The Koch brothers own out right 25% or 30% of TransCanada Corp. Under the Koch’s owership they are also a foreign company based in canada that donated moeny in the United States Political elections. For Campaign Contribution Client/Parent Subsidiary/Affiliate TransCanada Corp donated $310,000.

TransCanada operates one of the most sophisticated pipeline systems in the world. Our network of approximately 57,000 km (35,500 mi.) of wholly owned and 11,500 km (7,000 mi.) of partially owned natural gas pipelines connect virtually every major natural gas supply basin and market, transporting 20 per cent of the natural gas consumed in North America.
Through our wholly owned subsidiary, ANR, TransCanada is also one of the largest developers of new storage facilities and providers of underground natural gas storage services in the U.S. We have nearly 64 Bcf of storage, and can provide peak-day withdrawal capability of over 0.8 billion cubic feet per day. These services are available to key markets throughout the eastern United States.

http://transcanada.com/2912.html

Koch Industries also own Koch pipelines.

Rep. Waxman is seeking answers from the Kochs, after a SolveClimate News article first exposed the brothers’ deep involvement in the oil sands indusry

By Elizabeth McGowan, SolveClimate News

WASHINGTON—Rep. Henry Waxman’s attempts to find out if a proposed controversial Canada-to-U.S. Gulf Coast oil sands pipeline will benefit Koch Industries appears to have hit a dead end.

“I have no objection to asking other companies about their interests in tar sands,” Waxman, the top Democrat on the House Energy and Commerce Committee, said during an Energy and Power Subcommittee hearing. “What I do object to is protecting Koch from legitimate scrutiny.”

“This pipeline and the legislation that supports it will enable the oil companies to charge American consumers more for their gasoline, while increasing carbon pollution and endangering precious water supplies,” he continued. “We know who will lose. We also need to find out who will benefit.”

To read the rest of article

http://www.reuters.com/article/2011/05/25/idUS336798587820110525