Sunday, March 20, 2016

Revealed: The Fossil Fuel Tycoons Trying to Buy the US Election


By Zachary Davies Boren, Energydesk | News Analysis

An elite group of millionaires and billionaires with ties to fossil fuels have spent more than $100 million in this US election cycle, Energydesk can reveal.

A Greenpeace analysis of Federal Election Committee data has turned up 124 'megadonors' who are executives, board members or major investors in the fossil fuel industry - these guys have each given at least $100,000 to Super PACs supporting a political candidate or cause.

Megadonors include the Wilks brothers, a couple of Texas frackers who have given more than $15 million to a Super PAC supporting Ted Cruz for President, and Ken Griffin, a hedge fund manager with an oil-rich investment portfolio who has backed Marco Rubio to the tune of $2.6 million.

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