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Much of the Kochs' (David and Charles) comes from industrial operations: 1  Koch Pipeline Company LP:; owns and operates 4,000 miles of pipeline used to transport oil, natural gas liquids and chemicals. 2  Flint Hill Resources LP, that operates oil refineries in six states.
Word is dribbling out of the CATO Institute that Charles Koch, the oil billionaire whose bucks have helped keep CATO's thinkers in the tank, has dropped off the board of directors. The situation was announced to staffers last Tuesday by Ed Crane.