Steve Bannon

Goldman Sachs-backed Firm Invests Big in Shipping Tar Sands by Train Along Keystone XL Route

Oil train tank cars

USD Partners, a rail terminal operator owned in part by Wall Street giant Goldman Sachs, has signed a nearly three year deal to facilitate moving tar sands by train from where it is extracted in Alberta, Canada, to an offloading terminal in Stoud, Oklahoma, in a route mirroring that of the Keystone XL pipeline.

From Stroud, the heavy oil can be sent via pipeline to the nearby oil storage hub in Cushing, Oklahoma. USD's announcement, which said the company could transport up to 70,000 barrels per day of tar sands in rail cars, came in a June 2 filing with the Securities and Exchange Commission (SEC).

The deal, centering around the purchase of the Stroud terminal, also included the acquisition of 300,000 barrels of storage space in Cushing, a town known by oil and gas industry observers as the “pipeline crossroads of the world.” 

Steve Bannon

Stephen (Steve) K. Bannon

Credentials

  • MBA, Harvard University. [1]
  • MA, Georgetown University. [1]
  • Bachelor's Degree, Virginia Polytechnic Institute and State University. [1]

Background

How Donald Trump Kingmaker-Billionaires Robert and Rebekah Mercer Have Poured Millions Into Climate Science Denial

Headlines about Mercer family

When it comes to climate science denial, some names come easily and deservingly to mind.

There’s oil giant ExxonMobil — a company that contributed millions of dollars to organizations that told the public there was no risk from burning fossil fuels.

There are the oil billionaire Koch brothers — Charles and David — and their ideological zeal against government regulations that drove them to pour vast amounts into groups spreading doubt on the realities of human-caused global warming.

But a name that has not yet reached those heights of climate science denial infamy — but likely should — is the Mercer family.

Donald Trump's Swamp: Meet Ten Potential Energy and Climate Cabinet Picks and the Pickers

One of President-elect Donald Trump's most pressing current tasks is selecting who will serve in his new administration, especially his transition team and cabinet, though there are over 4,000 political appointees to hire for federal jobs in all.

Much of the mainstream media attention so far has centered around Trump's choices of Republican National Committee head Reince Priebus as White House chief of staff and former Breitbart News CEO Steve Bannon as chief strategist and senior counselor. Congressional Democrats have called for Bannon to be banned from the White House, citing his personal bigotry and the bigotry often on display on Breitbart.com. Meanwhile, Bannon's hire was praised by the American Nazi Party and KKK.

Yet, perhaps just as troubling is the army of climate change deniers and fossil fuel industry lobbyists helping to pick or court a spot on Trump's future climate and energy team.

GOP-led Science Committee Sends Twitter Followers To Breitbart For Climate Misinformation

If you ran the Twitter account for the United States House of Representatives Committee on Science, Space and Technology, where do you reckon might you send your 178,000 followers for information on climate change?

Before you all shout “NASA”, we should first remember the GOP-led committee is chaired by Republican Lamar Smith and has a habit of calling climate science denialists and conservative commentators as supposed “expert” witnesses. 

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