The Democratic Congressional Campaign Committee is gunning for Colorado Freshman Representative Cory Gardner with a bold gas-station advertising campaign that highlights his votes in support of oil industry tax breaks and deregulation, on one side, and his votes to prune Medicare, on the other.
Five top U.S. corporations racked up millions in profits last year and paid no federal taxes. They spent money instead on political campaigns and it was money well spent. Over the last decade, Bank of America, Boeing, Chevron, ExxonMobil and General Electric handed out $78.7 million to state political campaigns More…
Opponents of ending tax breaks for big oil companies argue that closing tax loopholes will result in higher prices at the pump, but a report from the non-partisan Congressional Research Service finds that ending the tax breaks is unlikely to cause a rise in prices.
The nonprofit Checks and Balances Project today released an analysis of the skyrocketing profits of the nation’s top five oil and gas companies in the wake of near-record gas prices and compared those profits to lobbying expenditures and political contributions in 2010.
ExxonMobil reported first quarter 2011 profits of More…
In 1949, two geologists found what they suspected to be a massive uranium deposit in the desert of southeastern California, about an hour’s drive from Las Vegas. A cache of uranium would have been an incredibly lucrative find, but the geologists were disappointed when further testing revealed the area to More…
Here’s something that’s sure to get under environmentalists’ skin. Chevron announced yesterday that it plans to develop two Gulf of Mexico oil fields in waters that are significantly deeper than those surrounding the Deepwater Horizon oil rig, which exploded in April, dumping 4.9 million barrels of oil into the More…
A new Greenpeace report finds that the Koch Brothers, via their PAC, contributed $2.51 million since the beginning of the 2006 election cycle to lawmakers’ campaigns, more than any other oil and gas industry PAC. At the same time, the report says that “Koch Industries, Koch employees, and Koch More…
Sen. Lisa Murkowski (R-Alaska), who lost the Alaska Republican Senate primary to Tea Party darling Joe Miller last month, is calling on the oil industry for help in organizing the write-in campaign to win back her Senate seat.
The American Petroleum Institute, the oil industry trade association, quickly followed news of a new “rapid response system” being developed by four of the world’s major oil companies with a statement touting the industry’s “commitment to safe operations.”
According to the statement:
Today’s announcement demonstrates the industry’s commitment to
The New York Times is reporting that four of the world’s major oil companies are planning to announce a plan tomorrow to put $1 billion into a “rapid response” system for containing future oil spills.
Interestingly, BP is not among the four companies. The companies are Exxon Mobil, ConocoPhillips, More…
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