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Koch Brothers Shock No One by Coming Out Against PTC

Contact: Jeff Gohringer, 202-454-4573 or

September 27, 2012  

WASHINGTON – The Colorado chapter of Americans for Prosperity (AFP-CO), funded by the most notorious oil executives in America - the Koch brothers - shocked absolutely no one this week by coming out against tax incentives for wind energy. Rolling Stone already listed the Koch brothers #2 on their list of politicians and executives who are blocking progress on global warming, citing their "sprawling empire of oil refineries and pipelines" that are “perpetuating the use of fossil fuels.”

"You can always count on the Koch Brothers to demand an end to job-creating clean energy policies so they can continue to line their pockets with even more oil industry profits," said Navin Nayak, LCV Senior Vice President of Campaigns.

“Americans for Prosperity is out of step with Colorado voters and elected officials. There’s broad, bipartisan agreement among Republicans and Democrats about the importance of extending the Production Tax Credit for wind energy. In fact, three of the state’s four Republican congressmen want to see these tax incentives kept on the books,” said Pete Maysmith, Colorado Conservation Voters Executive Director. 

Although the AFP-CO said it was time “to stop playing favorites in the energy market,” they still favor giving billions of dollars in taxpayer subsidized handouts to oil companies, the most profitable companies on the face of the planet. The oil companies have been using our tax dollars to pad their already soaring profits instead of hiring - from 2005 to 2010, the five biggest oil companies raked in over $500 billion in profits while laying off over 11,000 workers in the U.S.

The American Wind Energy Association has found that in 2011, the wind industry alone supported 4,000-5,000 jobs in Colorado and has also estimated that letting the tax credit expire will cost 37,000 jobs nationwide.  Vestas’ CEO has said that the company will have to lay off most of its 1,600 Colorado employees if the PTC is not extended. 

The Koch brothers have pledged more than $200 Million to defeat President Obama and help elect Mitt Romney. Maybe that’s why Romney pledged to continue giving oil companies these subsidies while also committing to let the tax incentives for wind energy expire.

In April, the League of Conservation Voters Victory Fund and Priorities USA Action partnered to release a television ad titled “$200 Million Man” to highlight Romney’s pledge to protect Big Oil at the expense of middle class Americans. The ad ran on television and online throughout Colorado.

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Paid for by the League of Conservation Voters,, and not authorized by any candidate or candidate’s committee.

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