BP Enjoys Lobbying Strength, Close Ties to Lawmakers as Federal Investigation Looms

Cassandra LaRussa
OpenSecrets.org
4/30/2010

On Thursday, oil giant BP asked for U.S. government assistance in cleaning up massive amounts of crude oil ominously approaching the coast of Louisiana — the messy results of a recent oil rig explosion 40 miles off-shore.

BPlogo-thumb-160x206-920

In response, the Obama administration promised support in both clean up and containment of the environmental crisis. The president also sent clear signals indicating a potential federal investigation to determine cause and responsibility for the accident.

If BP faces heavy federal scrutiny, it’s well-positioned to fight back: The London-based company has consistently spent top dollar to influence legislative and regulatory activity in Washington, D.C., the Center for Responsive Politics finds.

During the 2008 election cycle, individuals and political action committees associated with BP — a Center for Responsive Politics’ “heavy hitter” — contributed half a million dollars to federal candidates. About 40 percent of these donations went to Democrats. [Emphasis CAJ] The top recipient of BP-related donations during the 2008 cycle was President Barack Obama himself, who collected $71,000.

The article continues at OpenSecrets.org

Comments are closed.

Categories