Elizabeth Warren Comes Down Hard Against Keystone XL Pipeline While Hillary Clinton's Allies Push It Ahead
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The benefits to Koch Industries, from this competitive re-allignment in favor of tar-sands oil, have been estimated to be around $100 billion. This would add about $45 billion to the net worth of David Koch, $45 billion to the net worth of Charles Koch, and $15 billion to the net worth of Elaine Marshall. (David and Charles Koch would then become the two wealthiest individuals in the world.)
On December 17, the Republican House budget chief, Paul Ryan, threatened to drive the U.S. government into default unless President Obama approves the Keystone XL Pipeline.
President Obama holds the sole authority to approve or disapprove this project, because it crosses the international border. He has delayed this decision for years because he doesn't want to enrage the environmental community. Also, tipping his hand in that way would be a waste if he cannot first get Europe to weaken its environmental standards and allow this oil to compete in Europe with normal oil.
Senator Warren has now joined with the progressives on two big issues that arouse intense opposition from the aristocrats who finance most political campaigns. Warren opposes the taxpayer handouts to Wall Street, and she now also opposes the environmental handouts to the owners of the most harmfully polluting corporations, such as Koch Industries. (The other owners of tar-sands oil are Conoco-Phillips, Exxon-Mobil and Chevron-Texaco.)
This could be a turning point in Elizabeth Warren's political career. She's no longer at war against only the corrupution in the financial industry, she is also at war against the environmental corruption so widespread in the Republican Party.
In another example of that environmental corruption, on Oct. 2, 2013, Joe Romm at Think Progress reported that "The Intergovernmental Panel on Climate Change (IPCC) reports that methane... is far more potent a greenhouse gas" than previously known, so bad it "would gut the climate benefits of switching from coal."
Just five days after that, Jon Campbell in upstate New York reported that at Hamilton College, Hillary Clinton praised fracking for methane by saying, "What that means for viable manufacturing and industrialization in this country is enormous."
If Warren won't be able to get either Wall Street or the oil patch to finance her political campaigns, how can she possibly rise within the power structure?