On the flip side, it’s untrue that more government would necessarily hurt Koch profits. Take oil refining, where Koch Industries is prominent. Tosco refiner Thomas O’Malley said in 2005 that regulations boost his profits: “Why in the world would you fight clean fuels? … The more stringent you make specifications, those become barriers to entry. … Strong companies would have an advantage.”

Here. Regulations protect incumbents: oil drilling permits protect existing holders of permits.