Charles Koch hit back at criticism of “the Koch brothers”
during President Barack Obama’s energy speech in Las Vegas earlier this week,
saying he was “flabbergasted” by the attack and charging that Obama made the
dig as a favor to Senate Minority Leader Harry Reid (D-Nev.), who appeared with
him……Koch said his company is “opposed to
renewable energy subsidies of all kinds — as we are all subsidies, whether they
benefit or help us.”…..“We are not trying to prevent
new clean energy businesses from succeeding,” Koch continued. “Any business
that’s economical, that can succeed in the marketplace, any form of energy,
we’re all for. As a matter of fact, we’re investing in quite a number of them,
ourselves — whether that’s ethanol, renewable fuel oil. … We’re investing a
tremendous amount in research to make those more efficient and create
higher-value products.”.....“But it’s not going to help the country to be
subsidizing uneconomical forms of energy — whether you call them ‘green,’
‘renewable’ or whatever. In that case, the cure is worse than the disease. And
there is a big debate on whether you have a real disease or something that’s
not that serious.......the cure is to do things in the marketplace, and to let individuals and
companies innovate, to come up with alternatives that will deal with whatever
the problem may be in an economical way so we don’t squander resources on
uneconomic approaches.”…..To Read More……
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