The energy industry’s money floods Congress and regulatory agencies.
Executive Summary
Long before BP’s Deepwater Horizon well began belching oil into the Gulf of Mexico, BP and the rest of the energy industry had turned loose a gusher of cash in Washington, saturating Congress and the federal government’s regulatory apparatus.
In the last decade alone, big energy has pumped more than $2.9 billion into electing and lobbying federal officials and candidates, according to campaign finance and lobbying disclosure reports.
That’s about $5.5 million for each of the 535 seats in the House and Senate.
As energy dollars flow freely in Washington, the development of alternative energy sources proceeds slowly, at best, and the nation’s reliance on energy produced overseas grows deeper. Meanwhile, at the industry’s urging, a 27-year moratorium on oil and gas drilling off the east coast has been allowed to expire and legislation to cap carbon emissions, pushing oil-gulping industries to find new energy sources and use petroleum more efficiently, has stalled in Congress.
See: Dirty Energy Money
See: Big Money Drives Up the Betting on the Marcellus Shale
See: Opponents to Fracking Disclosure Take Big Money From Industry
See: Fueling Washington
