Since 2021, Big Oil Has Spent Over $200 Million to Sabotage Climate Action: Analysis
The oil and gas industry, one of the most powerful corporate forces in American politics, has spent more than $200 million over the past year and a half to stop Congress from slashing carbon emissions as evidence of their catastrophic impact—from deadly heatwaves to massive wildfires—continues to accumulate in stunning fashion.
Nearly 80% of the industry’s campaign donations during the time period examined went to Republican candidates, according to Climate Power, whose analysis draws on data from OpenSecrets.
Until Wednesday night, when Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) announced a surprise deal on climate investments, it looked as if the industry’s influence campaign had fully paid off, having helped crater the Democrats’ sweeping Build Back Better package.
Earlier this month, Manchin—the leading individual recipient of oil and gas industry cash in Congress—informed the Democratic leadership that he would not support moving ahead with renewable energy spending as part of a less ambitious bill, an apparently fatal blow to the hopes of climate action this year and possibly years into the future.
Manchin, for now, appears to have reversed course, striking an agreement with Schumer that contains a historic $369 billion in climate and energy spending, including billions to speed the country’s lagging transition away from fossil fuels. If accepted by all 50 members of the Senate Democratic caucus, the reconciliation bill can pass without GOP support.
But while climate advocates welcomed the proposal overall as a potential game-changer for the environment, they also stressed that the fingerprints of the oil and gas industry litter the deal, which—according to Climate Power’s new analysis—has spent $63.5 million on lobbying so far this year.
According to a study published last week, the global oil and gas industry has raked in nearly $3 billion in profit per day over the past five decades as it has sown disinformation about its central responsibility for the climate crisis and tanked efforts to address destructive warming.
Originally published at Commondreams.org.
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