Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Liberal Billionaires Take On The Koch Brothers In California Energy Fight ( Prop 23 lost )
Forbes ^ | Oct. 12 2010 - 2:40 pm | | Clare O'Connor

Posted on 11/04/2010 11:33:56 AM PDT by Ernest_at_the_Beach

Much has been written about the oil and gas billionaire Koch brothers and their multimillion-dollar donations to right-wing causes. Charles and David Koch’s combined $43 billion wealth has made them virtually unstoppable this election cycle; even prolific left-wing philanthropist George Soros recently said he was powerless against the “avalanche” of donations from conservative billionaires like the Kochs.

However, in recent days a handful of liberal billionaires have decided to take on the Kochs in one of the most hotly contested battles this election season: Proposition 23, the California ballot that may well prove a bellwether for the future of energy legislation in the U.S.

If Proposition 23 passes, Arnold Schwarzenegger’s landmark Global Warming Act of 2006 and its pollution reduction standards will be suspended, which would mark a huge win for big oil, including the Koch brothers’ Kansas conglomerate Koch Industries. The company has given $1 million to Yes on 23 through a subsidiary called Flint Hills Resources, according to paperwork filed with the California Secretary of State.

Also giving big money: California billionaire John Doerr, the world’s wealthiest venture capitalist, and his wife Ann, who have donated $1 million each to defeat Prop 23. Doerr has made huge investments in green tech through his firm Kleiner Perkins Caulfield & Byers, so would stand to lose out if the Koch brothers and other backers are successful in killing the clean energy bill.

(Excerpt) Read more at blogs.forbes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; US: California
KEYWORDS: billionaires; ca2010; cainitiatives; california; carbontax; carbontrade; charleskoch; davidkoch; georgesoros; globalwarming; globalwarminghoax; johndoerr; koch; kochbrothers; prop23; soros; spookydude

1 posted on 11/04/2010 11:34:04 AM PDT by Ernest_at_the_Beach
[ Post Reply | Private Reply | View Replies]

To: NormsRevenge; steelyourfaith; Grampa Dave; SierraWasp; tubebender; Carry_Okie; Brad's Gramma; ...

fyi


2 posted on 11/04/2010 11:35:25 AM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach
Doerr has made huge investments in green tech through his firm Kleiner Perkins Caulfield & Byers

Well at least the Koch brothers won't profit! They helped Doerr profit instead.

Meet the new boss, same as the old boss.

3 posted on 11/04/2010 11:39:14 AM PDT by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

The brilliance of Federalism: the rest of the country is going to get an object lesson in the calamitous consequences of adopting the cap-and-tax agenda.


4 posted on 11/04/2010 11:39:25 AM PDT by mojito
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

They may get some help from the state of Texas:

“Texas Atty. Gen. Greg Abbott and others might try to stop AB 32 from being implemented.

California Watch, a project of the nonprofit Independent Center for Investigative Reporting, says that Abbott and his counterparts in Alabama, Nebraska, and North Dakota are contemplating a legal challenge against AB 32 by claiming that it interferes with the right to freely conduct interstate commerce.”

http://www.ogj.com/index/blogs/health-safety-environment/blogs/OGJ/health-safety-environment-blog/post987_3579609183573346826.html


5 posted on 11/04/2010 11:42:16 AM PDT by epithermal
[ Post Reply | Private Reply | To 1 | View Replies]

bttt


6 posted on 11/04/2010 11:43:16 AM PDT by Matchett-PI (This is a RESTRAINING ORDER not merely an 'election' ~ PJ O'Rourke.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach
California Lost you mean and so did the rest of the USA if prop 23 lost.

California is going to become a wasteland if current trends continue. Nevada is next.

The only hope for the southwest is Arizona. Even though most FREEPERS are not crazy about McCain, he is on the right side now and you take what you can get. Governor Brewer is OK as well.

7 posted on 11/04/2010 11:43:16 AM PDT by wmileo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

Did it pass or fail?


8 posted on 11/04/2010 11:43:41 AM PDT by Marty62 (Marty 60)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Marty62

Failed and I saw that on DU by mistake. Now I have to go and bleach my cache.


9 posted on 11/04/2010 11:47:20 AM PDT by NonValueAdded ("It's amazing, A man who has such large ears could be so tone deaf" Rush Limbaugh 9/8/10)
[ Post Reply | Private Reply | To 8 | View Replies]

To: wmileo

Well when the Texas energy companies pull out of California, good luck with all those hamsters trying to give you power. Do hamsters Fart. Methane ya no.


10 posted on 11/04/2010 11:52:29 AM PDT by Marty62 (Marty 60)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Ernest_at_the_Beach

When all those rich westside liberals and dumb union drones go to turn on the light switch and nothing happens, and have to wait in gas lines from here to Mexico for a few overpriced gallons of ethyl, they’ll all of a sudden want to know who cut off their energy supplies. They’ll need to look in the mirror.


11 posted on 11/04/2010 11:54:08 AM PDT by Argus
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

California spending money avoiding CO2 emissions is like a guy whose mortgage is underwater, and who is behind on his payments, and who has termites eating away at his house’s foundation installing uneconomical solar panels on his roof in order to “inspire” his neighbors to “do something about the environment”.


12 posted on 11/04/2010 12:04:16 PM PDT by rogue yam
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

On the very day NM residents were voting out Bill Richardson and his band of merry environutters, his appointees adopted the equivalent of CA prop 23. All the top posts in state government except AG are now Republicans and the legislature is still Dem but with 8 conservative Rep gains, it may has a conservative flavor. Martinez has vowed to do what she can to rescind it, but it may be too late unless the legislature amends the Environmental Improvement Act to prohibit regulation of CO2.


13 posted on 11/04/2010 12:14:18 PM PDT by CedarDave (Juan Williams to NPR: "You and your far left-wing mob fired me. Wasn't that enough for you? ")
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ernest_at_the_Beach
Next time they should just back a referendum on the law. The half-way measure they offered didn't light the fire it otherwise might have.

The other key strategem they missed was the failure to identify the interests of the corrupt backers of carbon trading.

In any fight against the environmental left there are three steps that must be made:

  1. Show that it is corrupt.
  2. Demonstrate its structural incompetence.
  3. Lay out the free-market alternative.

14 posted on 11/04/2010 12:15:39 PM PDT by Carry_Okie (The environment is too complex and too important to manage by central planning.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Marty62
Did it pass or fail?

It failed abysmally-- the vote was 60% no to 40% yes. Utterly amazing to me in this economy, although Arnold campaigned strongly against it.

15 posted on 11/04/2010 12:31:13 PM PDT by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Lurking Libertarian

Thank you, the article was convoluted.

I can’t believe the State I grew up in and raised my children in until they were teens has turned into a nightmare.

What happens when all the ramifications of this kick in, what are Californians going to do?


16 posted on 11/04/2010 12:39:01 PM PDT by Marty62 (Marty 60)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Marty62

“What happens when all the ramifications of this kick in, what are Californians going to do?”

This Californian is taking a trip shortly to check out housing options in Nevada and Arizona. Between Jerry Brown and Prop.s 23 and 25, there’s no hope left.


17 posted on 11/04/2010 12:48:07 PM PDT by whinecountry (Semper Ubi Sub Ubi)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Ernest_at_the_Beach

Kali is soooooooooo screwed. The Kali ARB shot themselves in the foot when they brought in Peer reviewers. And they have KNOWN this since 2009.

http://www.sbaction.org/get_resource.php?table=resource_kmqap4_18z4ys&id=kmqaq1_1ed1wo

Peer reviewers brought in by ARB to assess the Scoping Plan:22

Matthew E. Kahn, Ph.D.:
The Economic Analysis and the five appendices contain too many uncertainties for AB 32 to be as flawless as it is presented. Although AB 32 offers many benefits, it will also impose costs that have not been taken into account.

Gary Yohe, Ph.D.:
Not all of the new technology will emerge from California. This means that additional costs will be incurred to bring in some of the technology required to reach AB 32 goals. In order to achieve a thorough analysis, both the good and that bad must be displayed. It seems that concluding that this plan will cause no harm is inaccurate.

Robert Stavins, Ph.D.:
The cost estimates that CARB has produced are significant understatements of the true costs, and are useless for identifying a cost-effective portfolio of policies to achieve the objectives.

19 Ibid, p. 14.
20 Letter to the Honorable Roger Niello dated December 12, 2008 from Mr. Mac Taylor, Legislative Analyst.
21 The AB 32 Challenge: Reducing California’s Greenhouse Gas Emissions,” Los Angeles County
Development Corporation, October 2008, pp. 2-3.
22 Peer Review of the Economic Supplement to the AB 32 Draft Scoping Plan; Major Peer Review
Comments and Air Resources Board Staff Responses; November 2008


18 posted on 11/04/2010 12:50:36 PM PDT by rickb308 (Nothing good ever came from someone yelling "Allah Snackbar")
[ Post Reply | Private Reply | To 1 | View Replies]

To: whinecountry

Sadly that will probably be the only answer.

Heard Perry say this AM that 150+ California businesses have come to Texas since the first of the year.

I wonder what the # is for other States.


19 posted on 11/04/2010 12:53:51 PM PDT by Marty62 (Marty 60)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Marty62

Exactly right. I need to add Texas to my list. Half of Calif.’s state income tax comes from just 150,000 people. You can guess what those people are planning now.


20 posted on 11/04/2010 12:57:53 PM PDT by whinecountry (Semper Ubi Sub Ubi)
[ Post Reply | Private Reply | To 19 | View Replies]

To: whinecountry

Whoa, that is not good. An such a beautiful State this really breaks my heart. But when I came to Texas it was weird. Suddenly I had this feeling of Freedom, and after about 2 months of getting to know people, I said THIS IS HOME.


21 posted on 11/04/2010 1:01:56 PM PDT by Marty62 (Marty 60)
[ Post Reply | Private Reply | To 20 | View Replies]

To: whinecountry

They want California for themselves and their surfs....


22 posted on 11/04/2010 1:02:10 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Marty62

Very good to know. I’ve only traveled to TX a few times but it used to be a second home for my wife because of her frequent business travels to Dallas, San Antonio, etc. She LOVES TX and we were both moved by the recent sight of the classy Rangers ownership and fans.


23 posted on 11/04/2010 1:08:44 PM PDT by whinecountry (Semper Ubi Sub Ubi)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Brett66
They helped Doerr profit instead.

How? The Koch brothers were on the opposite side of the issue. Your post makes no sense to me. Am I missing something?

24 posted on 11/04/2010 1:36:40 PM PDT by SunTzuWu
[ Post Reply | Private Reply | To 3 | View Replies]

To: SunTzuWu
California billionaire John Doerr, the world’s wealthiest venture capitalist, and his wife Ann, who have donated $1 million each to defeat Prop 23. Doerr has made huge investments in green tech through his firm Kleiner Perkins Caulfield & Byers, so would stand to lose out if the Koch brothers and other backers are successful in killing the clean energy bill.
25 posted on 11/04/2010 2:01:20 PM PDT by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Ernest_at_the_Beach

If any more nonsensical Global Warming Acts are passed in Kalifornia, you will see hundreds or thousands of businesses leave.


26 posted on 11/04/2010 2:43:22 PM PDT by PATRIOT1876 (Language, Borders, Culture, Full employment for those here legally)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach; AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; ...

Thanks Ernest.


27 posted on 11/04/2010 4:19:55 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ernest_at_the_Beach; scripter; Darnright; WL-law; bamahead; carolinablonde; SolitaryMan; rdl6989; ..
Thanx Ernest_at_the_Beach !

It is important to keep in perspective those who are funding the anthropogenic global warming fraud. According to Paul Driessen (author of Eco-Imperialism) on the G. Gordon Liddy show 12/1/09, hour 2: The US Big Government has funded $90 billion in GW research promotion over the past 20 years promoting climate crisis science.

 


Beam me to Planet Gore !

28 posted on 11/04/2010 4:45:34 PM PDT by steelyourfaith (ObamaCare Death Panels: a Final Solution to the looming Social Security crisis ?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ernest_at_the_Beach

Being the blue state it is, I guess I am not surprised to see the Prop32 shot down.


29 posted on 11/04/2010 4:52:45 PM PDT by Marine_Uncle (Honor must be earned....)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Brett66
I see where I went wrong. The "they" you were referring to were the people who voted against prop 23, not the Koch brothers.

Thanks.

30 posted on 11/04/2010 6:30:38 PM PDT by SunTzuWu
[ Post Reply | Private Reply | To 25 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson