1. Influence

    Koch Industries Helps Write State Laws

    Koch Industries Inc. headquarters is picture here in Wichita, Kansas on November 14, 2005.   Koch agreed yesterday to buy Georgia-Pacific for $13.2 billion
in cash, adding Dixie paper cups, cardboard boxes and lumber to
fuel and chemical businesses to become the largest closely held
company in the U.S. Photographer: Larry W. Smith/Bloomberg News

    Larry W. Smith, Bloomberg News / Getty Images

    Koch Industries, the company of financiers David and Charles Koch, has helped states to write energy legislation through a Washington-based group, the American Legislative Exchange Council, that it funds. Koch isn’t the only company: ExxonMobil is a member of ALEC too. The group charges companies a membership fee as high as $25,000; then it charges them several thousand dollars more to draft specific items of legislation alongside elected officials, who are then expected to guide the bill to law. An ALEC spokeswoman says the group promotes “good conservative policy.” ALEC-sponsored energy bills are before legislatures in Oregon, New Hampshire, and New Mexico. Koch and Exxon paid between $3,000 and $10,000 to have a hand in writing those bills.

    Read it at Bloomberg News