- Sep 27, 2005
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By LINDSAY RENICK MAYER
Lindsay Renick Mayer is the money-in-politics reporter for the Center for Responsive Politics. The nonpartisan Washington-based organization researches money's influence on politics and provided data for this story from its website, OpenSecrets.org.
During his first month in office, President George W. Bush appointed Vice President Dick Cheney to head a task force charged with developing the country's energy policy. The group, which conducted its meetings in secret, relied on the recommendations of Big Oil behemoths Exxon Mobil, Conoco, Shell Oil, BP America and Chevron. It would be the first of many moves to come during the Bush administration that would position oil and gas companies well ahead of other energy interests with billions of dollars in subsidies and tax cuts?payback for an industry with strong ties to the administration and plenty of money to contribute to congressional and presidential campaigns.
During the time that Bush and Cheney, both of whom are former oil executives, have been in the White House, the oil and gas industry has spent $393.2 million on lobbying the federal government. This places the industry among the top nine in lobbying expenditures. The industry has also contributed a substantial $82.1 million to federal candidates, parties and political action committees, according to the Center for Responsive Politics. 80 percent of the industry's contributions have gone to Republicans.
Vice President Dick Cheney Buying Pro-Industry Policy
This support has not gone unrewarded. In 2005, Bush, who has received more from the oil and gas industry than any other politician, signed an energy bill from the Republican-controlled Congress that gave $14.5 billion in tax breaks for oil, gas, nuclear power and coal companies. The Energy Policy Act of 2005, which was based on recommendations by Cheney's energy task force, also rolled back regulations the oil industry considered burdensome, including exemptions from some clean water laws. All of this transpired only one year after Congress passed a bill that included a tax cut for domestic manufacturing that was expected to save energy companies at least $3.6 billion over a decade.
The whole story:
http://www.pbs.org/now/shows/347/oil-politics.html
Lindsay Renick Mayer is the money-in-politics reporter for the Center for Responsive Politics. The nonpartisan Washington-based organization researches money's influence on politics and provided data for this story from its website, OpenSecrets.org.
During his first month in office, President George W. Bush appointed Vice President Dick Cheney to head a task force charged with developing the country's energy policy. The group, which conducted its meetings in secret, relied on the recommendations of Big Oil behemoths Exxon Mobil, Conoco, Shell Oil, BP America and Chevron. It would be the first of many moves to come during the Bush administration that would position oil and gas companies well ahead of other energy interests with billions of dollars in subsidies and tax cuts?payback for an industry with strong ties to the administration and plenty of money to contribute to congressional and presidential campaigns.
During the time that Bush and Cheney, both of whom are former oil executives, have been in the White House, the oil and gas industry has spent $393.2 million on lobbying the federal government. This places the industry among the top nine in lobbying expenditures. The industry has also contributed a substantial $82.1 million to federal candidates, parties and political action committees, according to the Center for Responsive Politics. 80 percent of the industry's contributions have gone to Republicans.
Vice President Dick Cheney Buying Pro-Industry Policy
This support has not gone unrewarded. In 2005, Bush, who has received more from the oil and gas industry than any other politician, signed an energy bill from the Republican-controlled Congress that gave $14.5 billion in tax breaks for oil, gas, nuclear power and coal companies. The Energy Policy Act of 2005, which was based on recommendations by Cheney's energy task force, also rolled back regulations the oil industry considered burdensome, including exemptions from some clean water laws. All of this transpired only one year after Congress passed a bill that included a tax cut for domestic manufacturing that was expected to save energy companies at least $3.6 billion over a decade.
The whole story:
http://www.pbs.org/now/shows/347/oil-politics.html
