Big Oil

EDITORIAL: A Return on the Big Oil Campaign Cash Investment

"If only taxpayers had that kind of sway in Washington." The Mercury News hits the nail on the head in their editorial on the debate on tax subsidies for Big Oil. 

Big Oil + Big Campaign Cash = Big Payday

On top of paying nearly $4 a gallon for gas, we're also padding Big Oil companies' huge profits through tax subsidies. And just yesterday, despite huge public outcry to stop them, the House of Representatives voted to end debate on putting a stop to the corporate welfare. It's pretty easy to see why. As The Hill reports today, Big Oil poured huge amounts of campaign cash into lawmakers' campaign coffers and, SHOCK, they got exactly what they wanted.

50 Senators side with Big Oil (and its campaign cash)

U.S.

Doc Hastings' Secret Legislation

On January 24, 2011, Rep. Doc Hastings (R-Wash.), chair of the House Natural Resources Committee said in a press release, “People have a right to see and hear what their Congress is debating.”

This pledge clearly doesn’t mean legislation he’s working on, according to a report from Politico out tonight:

Joe "I apologize" Barton stands up for oil companies again

Talking Points Memo reports this morning on an interview Rep. Joe Barton (R-Texas) gave to ABC News on Wednesday night. In the interview, Rep. Barton--who famously apologized to BP last summer--stands behind the billions in taxpayer money oil companies after being asked if companies like Exxon-Mobile should be getting them.

Energy lobbyists fueling campaign coffers?

A day after a House Energy and Commerce Committee hearing on legislation that would gut some important provisions of the Clean Air Act, POLITICO reports this morning that energy lobbyists are “scrambling to win over the newbie lawmakers with finely tuned talking points, briefing books — and of course, campaign contributions for Republicans, some of whom already are facing tough races just two years out.”

BP's Growing Presence in Washington

Bloomberg reports this morning that the oil giant BP has hired the Republican lobbying firm Fierce, Isakowitz & Blalock, adding a few more lobbyists to its already strong stable of K Street powerbrokers.

Let’s follow the money:

PRESS RELEASE: Reps. Lewis and Sensenbrenner Stand Up For Energy Interests

Public Campaign Action Fund issued a press release today detailing how longtime Republican Reps. James Sensenbrenner (R-Wisc.) and Jerry Lewis (R-Calif.) have pledged to reward big oil and coal interests after taking huge amounts of industry cash. 

 

Fueling Washington

The Center for Responsive Politics (CRP) launched a new series of reports, "Fueling Washington," highlighting the big money going into support or defeat (but let's face it, mostly defeat) comprehensive energy reform in Congress this year.

 

According to CRP:

Will they get a return on investment?

In an (un)surprising move, the oil industry is lining up to oppose House measures introduced this week to respond to the BP oil spill, according to National Journal’s Congress Daily (Subscription). The article states that two of measured in particular, one that imposes "unlimited liability on oil companies and another that federally mandates standards for well designs and operational practices."

 

According to the story: