"Saudi-funded Fox News rejects ad by veterans group arguing against Middle East oil dependence"
Last week, progressive veterans organization VoteVets.org released an ad arguing that “a clean energy climate plan would cut our dependence on foreign oil in half and cut oil profits for hostile nations.” The ad asserts that “every day, Iran gets $100 million richer selling oil around the world and peddling hate.” TP has the story.
While CNN and MSNBC have aired the ad, Fox News is refusing to do so. Politico reports Fox apparently found the ad “too confusing.” Watch the “confusing” ad:
There is nothing confusing about the ad. VoteVets’ assertion that hostile nations profit off our oil dependence is based on a Wonk Room analysis that finds, under the a strong carbon cap regime which restrains U.S. appetite for oil, Iran would lose $1.8 trillion worth of oil revenues over the next forty years “” or, over $100 million a day. “If the world moves away from oil dependence, Iran’s regime will no longer be able to rely on petrodollars to stay afloat,” Brad Johnson writes in pretty simple terms.
In a statement issued to ThinkProgress, Richard Smith, a senior adviser to VoteVets who served in Afghanistan, says “the only confusing thing” is why Fox is rejecting the ad:
“There’s nothing confusing about the link between oil and terrorist funding, and even the most dyed-in-the-wool neocons agree on that point. The only confusing thing here is why FOX News would reject an ad that calls on Congress to defund our enemies by finding new sources of energy.“
It’s unclear what Fox News’ motivations are. As Media Matters has documented, the network is a reliable source of misinformation on clean energy reform. Interestingly, Saudi oil tycoon Prince Alwaleed bin Talal owns a 7 percent stake in Fox News’ parent company News Corp, making him the largest shareholder outside the family of CEO Rupert Murdoch. But Murdoch has said the he is for a mandatory cap on carbon emissions and believes that Fox News ought to be covering the issue differently.