Big Oil's in the House! (and the Senate)

Thu, 2007-08-23 09:28Emily Murgatroyd
Emily Murgatroyd's picture

Big Oil's in the House! (and the Senate)

The Center for American Progress has released a report cross-referencing oil and gas political donations with voting activity on a recent clean energy bill passed in the House of Representatives.

And surprise of all surprises they found that the more money a member of Congress received from the oil industry the more likely they were to vote against the bill which eliminates $16 billion worth of tax loopholes to oil companies.

The $16 billion is earmarked for investment in the development on clean energy technologies like wind and solar power.

American Progress found that the 189 representatives that voted with big oil received on average four times more in oil company campaign donations than those that voted in favor of the new clean energy bill. The 189 reps. received $109,277 on average from oil companies while their colleagues in favor of ending the $16 billion in subsidies to oil and gas received an average of $26,277.

Here's a breakdown of the oil and gas industry campaign contributions to the fine people voted into power by the people for the people.

American Progress released a similar report in June of this year that found that the 35 Senators who voted down a similar bill received on average $161,382 in political donations from oil companies. Those who voted in favor of the clean energy bill received a paltry $56,942 on average.

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The latest annual update of the Global Carbon Budget (GCB) shows that the projected rise of 2.5 per cent in burning fossil fuels and cement production this year follows a 2.3 per cent increase in 2013, a then record high of 36 billion tonnes.

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