Thursday, January 3, 2008

Oil, Politics, and Bribes

http://www.pbs.org/now/shows/347/oil-politics.html

For those of you interested in connecting the issue of money in politics with the environment, be sure the check out this article and to forward it a long to any contacts you have in environmental clubs on campus.

"Political action committees, lobbyists and executives do not give money to politicians or parties out of an altruistic support of the principles of democracy," says Tyson Slocum, director of Public
Citizen's Energy Program. "They are savvy investors expecting a return on their investments. Politicians routinely deliver on campaign contributions that are provided to them... [by] giving goodies to the industry." And the size of those contributions matters.

In comparison, environmental groups and alternative energy production and supply companies, which didn't see similar benefits come out of the Republican Congress's legislation, have made paltry contributions. Environmental groups, such as the Sierra Club, League of Conservation Voters and the Nature Conservancy, which often push for policy that is punitive to Big Oil, have given nearly 11 times less than the oil industry since 2001. The disparity is not a strategic difference, but the financial reality for these smaller competing interests. Exxon Mobil, for example, reported the largest annual profit on record for a U.S. corporation in 2006, bringing in $39.5 billion. Comparatively, the nonprofit Sierra Club Foundation--which funds organizations in addition to the Sierra Club--reported income in 2006 of $29 million."

-peace-

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