14 Oct '11, 7pm

Liberty Plaza Owners Have Extensive Ties To Fossil Fuels, Tar Sands Industry: Mat

Liberty Plaza Owners Have Extensive Ties To Fossil Fuels, Tar Sands Industry: Mat

Brookfield, formerly Brascan Limited, is one of the largest companies in Canada, a global asset manager with a wide range of interests. The company has over $120 billion in assets. Brookfield is headquartered in Toronto and New York City; the parent company is publicly traded on the NYSE and Toronto Stock Exchange. It was founded in 1899 as the São Paulo Railway, Light and Power Company. [...] One of the central focuses of the company is power generation, and the giant owns 165 power plants. Desmogblog accurately sums up, "They certainly have an interest in maintaining the status quo, a world without climate action where oil interests dominate." The piece goes on to detail the connections Brookfield's Board of Directors has with the oil industry, it's worth reading in full, but a quick scan shows that two are executives with tar sands companies (including a former VP of Fi...

Full article: http://www.treehugger.com/files/2011/10/liberty-plaza-own...

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