How to help the oil industry avoid the big oil tax cut
The oil industry has become a major source of political cash for politicians across the country, as the government attempts to ease the economic pain of the 2016 budget.
With the oil price hovering at a historic low, the oil and gas industry is being asked to contribute more to political campaigns and lobbying.
Oil and gas companies have contributed more than $13 million to state and local politicians since 2006, according to data from the Center for Responsive Politics.
The number of members of Congress from the oil sector is rising, too, as a new wave of energy industry investment has created an increasing number of powerful lobbyists in the halls of Congress.
One of those lobbyists, Rep. Andy Harris (D-MD), is a former oil and oil industry lobbyist.
Harris was named as a co-chair of the Republican Study Committee, a group of oil industry lobbyists who are tasked with trying to push the party’s policy agenda through the House.
Harris’ office did not respond to multiple requests for comment on how much he’s contributed to his party in the past year.
Some of Harris’ contributions have been a result of the oil tax deal signed by President Donald Trump in May, as well as the ongoing efforts to reduce greenhouse gas emissions.
In 2018, the industry’s top lobbying group, the American Petroleum Institute, spent $2.4 million on the 2018 midterm elections, according the Center on Governmental Studies, which tracks lobbying spending.
That money came from the energy industry’s largest political network, the Petroleum Club of America, which is a nonprofit trade group that represents a network of oil companies.
Last year, the group spent $1.5 million on behalf of Harris and other Republican candidates.
The PAC also contributed to Harris’ 2020 reelection bid.
Harris is one of the House Republicans who have criticized the energy tax deal and the industry-led effort to reduce emissions.
The industry’s lobbying budget rose nearly 300 percent in the last decade to $14.5 billion in 2018, according data from political research firm Kantar Media/CMAG.
The industry is also spending more money lobbying than any other sector, according a Center for Public Integrity analysis.
A spokesman for the Republican National Committee did not return requests for a comment.
According to the Center’s analysis, the energy sector’s contributions to lawmakers in the House and Senate are far more than the $1 million total from any other industry.
The oil industry is a major political contributor in Washington.
Its political contributions and lobbying spending are now more than twice as large as those from any industry group, according and analysis by the Center.
The Energy Industry Institute is a lobbying group that has spent more than two million dollars on behalf, or co-sponsors, of House Republicans, according its latest lobbying disclosure form.