June 25, 2012 |
The Koch brothers' attempted takeover of the libertarian Cato Institute has come to an end, at least for now. Charles and David Koch - the Kansas billionaires at the center of a network of conservative financial and intellectual influence sometimes derisively called “the Kochtopus” - have reached an agreement that changes the structure of the Cato Institute in exchange for its current chief executive, Ed Crane, stepping down. So ends one phase of a power grab that had tossed one of the most famous think tanks in Washington into confusion.
April 24, 2014
Re "The right takes aim at the solar industry," April 20 The vast sums of money used by the Koch brothers and their ilk originated from average Americans fueling their vehicles and powering their homes. Billions of dollars are sucked out of our economy by those who want us to keep using carbon-based energy. The use of oil, coal and natural gas has massive external costs that are not paid by the end user. This is the reason government regulators are trying to level the playing field by providing reasonable incentives for solar energy.
August 2, 2012 |
Are two of the left's most useful villains, Charles and David Koch, not quite as unredeemable as liberals believe? Could it be they might change their minds about climate change and admit that it is real? UC Berkeley physics professor Richard A. Muller says that, after years of paying for studies by global warming skeptics, the Koch brothers honestly want to get the science clarified. They helped fund Muller who, only three years ago, doubted that the Earth was heating up to dangerous levels due to human activity.
December 21, 2013 |
Tom Steyer is standing upright near the corner of a small, beige meeting room at Georgetown University, arms at his sides, eyes shut intently. Half a dozen ministers and priests surround him, laying hands on his torso. Together, the pastors begin to pray, asking for divine help in shaping public opinion: "Soften them.... Open them to you … for your purpose.... Claim the promise made to Moses. " It is a curious warmup for a technical conference about an oil pipeline. But like many other environmentalists concerned that America is dawdling as the world burns, these ministers, each a leader in efforts to mobilize churchgoers against climate change, see Steyer as, quite literally, a godsend.
September 9, 2013 |
Molex Inc., a maker of electronic components for Apple Inc.'s iPhone and other products, agreed to a $7.2-billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers. Koch will buy Molex's shares for $38.50 apiece, a 31% premium over the publicly traded common stock, the companies said Monday. Koch, a closely held company that owns things as varied as biofuel, fertilizer makers and commodity-trading services, is using the acquisition to expand into connector components.
September 9, 2013 |
After scratching plans to buy the Los Angeles Times and other Tribune Co. newspapers, billionaire industrialists Charles and David Koch have agreed to buy Molex Inc., a maker of electronic connectors used by several companies, including Apple Inc. The $7.2-billion acquisition helps the Koch brothers diversify from their traditional holdings in energy, chemicals and paper. Under the deal, Koch Industries will pay a 42% premium, on average, for shares of the Lisle, Ill., company.