ExxonMobil Corp. spent more than $16.9 million to lobby the federal government in 2007, according to a disclosure form. The company lobbied on various appropriations bills and on pending legislation. One of the pieces of legislation that the giant oil company lobbied for was the energy bill signed into law in December by President Bush. The bill failed to include billions of dollars in higher taxes for large oil companies that would have been used to fund tax breaks for various clean energy industries. Exxon’s lobbyists succeeded with the passage of an energy bill that favors the powerful oil industry to the detriment of the public.
Source: Associated Press