Koch Industries has “become a financial kingpin of climate science denial and clean energy opposition,” spending over $48.5 million since 1997 to fund the climate denial machine, according to an extensive report today by Greenpeace.
The Greenpeace report reveals how Koch Industries and the foundations under its control spent far more than even ExxonMobil in recent years to fund industry front groups opposed to clean energy and climate policies. Koch spent over half the total amount -nearly $25 million - funding climate denier groups from 2005 to 2008, a period in which Exxon only spent $8.9 million.
Greenpeace’s attempt to lift the veil of secrecy inherent to a private company like Koch Industries is no easy task. Because it remains privately owned, Koch faces few of the disclosure requirements designed to increase transparency among publicly-traded companies.
The UK’s largest pension company will call on the government to discuss legislative backing for clean energy investment later this year.