SAUDI-FUNDED FOX NEWS REJECTS AD ARGUING AGAINST MIDDLE EAST OIL DEPENDENCE: 

Last week, the progressive veterans organization VoteVets 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 features a bedside alarm clock displaying an increasing dollar figure to symbolize the millions of dollars the U.S. spends making hostile countries like Iran "richer selling oil around the world and peddling hate." While CNN and MSNBC both aired the ad, Fox News refused to, claiming the ad was "too confusing." There is nothing confusing about the ad. In fact, VoteVets assertion that hostile nations profit from American dependence on foreign oil is based on a Progress Report analysis that finds that a strong cap on carbon would result in Iran losing $1.8 trillion of oil revenue over the next forty years -- or more than $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," the Wonk Room's Brad Johnson wrote. In a statement to The Progress Report, Richard Smith, a senior adviser to VoteVets who served in Afghanistan, said, "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." While Fox News' motivation for rejecting the ad is unclear, Media Matters notes that the network has consistently spread misinformation on clean energy reform. Interestingly, the largest stockholder outside the family of CEO Rupert Murdoch is Saudi oil tycoon Prince Alwaleed bin Talal, who owns a 7 percent stake in Fox News' parent company News Corp. But Murdoch himself has supported a mandatory cap on carbon emissions and said he believes Fox News ought to cover the issue differently.