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Koch brothers' company files to develop oil sands project

2014-05-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: The Canadian oil arm of the conglomerate owned by the U.S. billionaire Koch brothers has begun initial regulatory work on a multibillion-dollar oil sands project after an asset-sales effort two years ago left it holding a number of leases. Koch Oil Sands Operating LLC, the Calgary-based unit of Koch Industries Inc., has made an initial filing with Alberta regulators and has been in consultation with the nearby Fort McKay First Nation regarding the proposed development. "We intend to develop...

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