ExxonMobil is one of the most powerful and influential corporations in the world when it comes to political clout.
The oil giant spent $6.4 million to lobby the federal government in the first half of 2007, according to a disclosure form. The powerful oil company lobbied Congress on legislation related to energy, climate change, labor laws, corporate taxation, pension reform, fuel efficiency standards, and international relations, according to the disclosure form posted online August 10th by the Senate’s public records office.
The House in early August approved $16 billion in taxes on oil companies and billions of dollars in tax breaks and incentives for renewable energy and conservation efforts. But, lawmakers have yet to merge the House’s energy legislation with a sweeping energy bill passed by the Senate in June.
The oil industry has been battling price gouging provisions that would make it illegal to charge an “unconscionably excessive” price for oil products, including gasoline.
Opponents say the language is too vague and would be difficult to enforce. If anybody should recognize price-gouging, it would be a giant oil company like ExxonMobil.
In addition to lobbying federal lawmakers, ExxonMobil lobbied the White House, the Federal Energy Regulatory Commission, the National Security Council, and the National Oceanic and Atmospheric Administration. It also lobbied the departments of Commerce, Energy, Interior, State, and Transportation. It appears that the lobbying efforts by ExxonMobil have paid off. Mr. Beasley suspect the campaign dollars given to political candidates also played a major role in their successes.