11 1 min 12 yrs

As its crippled rig continues to leak thousands of gallons of oil into the Gulf of Mexico daily, no doubt BP expects another investment to perform rather better during the blame game:

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company’s political action committees — $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals.

On top of that, the oil giant has spent millions each year on lobbying — including $15.9 million last year alone — as it has tried to influence energy policy.

Click to rate this post!
[Total: 0 Average: 0]

11 thoughts on “WHY FIRMS MAKE CAMPAIGN CONTRIBUTIONS

  1. Any corporation who makes a campaign contribution is paying a bribe. An act that should be prosecuted. Every time.

    But, cheers – our bright light Sarah Palin has piped in, saying that the US should "learn from Alaska’s lesson with foreign oil companies ".

    The " Drill Baby Drill " girl seeks to blame everything on the perfidious foreigner

    ( Though BP DID cause problems with its very poor maintenance of pipelines in Alaska. Which caused oil production to be suspended a few years ago. Which can fairly be added to its rap sheet of the Texas City refinery explosion and this oil spill. They cut corners )

  2. From the article

    Obama received a total of $77,051 from the oil giant

  3. They’re pretty much all on the payroll I’m sure

    Like Goldman, they would cultivate both sides

  4. Unfortunately unless there is evidence that these companies are explicitly demanding concessions in return for money it isn’t going to be considered a bribe. And the Supreme Court is currently going with the whole money equals speech bit so I doubt they will intervene.

  5. Seamus

    Sadly, you are entirely correct

    A lot of the geniuses on the right will support such bribery as a form of " speech " which must be protected. We’re far gone.

  6. If not a bribe, then these donations should be considered as ‘insurance’. I notice that the most probable winner tends to get more ‘insurance’. But others have to come off the fence and back the winner. Murdoch’s newspapers in the UK have now deserted Labour (having backed abour since 1997 when it was clear that Blair would beat Major) and swung back to the Conservatives. The only reason is that Murdoch reckons that Cameron will win and wants to have the credit for the victory as ‘insurance’ just as Blair’s many corporate supporters received.

  7. I’m a BP shareholder and I’m horrified by this. I know the rig was run by a subcrantractor, but it was BP’s subcontractor.

    I fear we will have yet another oil-caused ecological disaster, but Palin will still be chirping her mindless slogan.

  8. Hah!

    Peter, you’re a casino capitalist.

    You provide the capital, the filthy lucre, the bullets in money form which despoil Mother Earth and kill Gaia.

    And all that.

  9. Pete Moore

    Yeah, but I don’t have a problem with capitalism per se, just its iniquities.

    I’m a member of WWF, RSPB, the Wildlife Trusts and the Woodland Trust .

    And I grow and plant loads of trees.

    So there.

  10. Oh, I so wish Palin’s apologists would comment on this latest howler!

Comments are closed.