Thursday, July 15, 2010


Why does the US government appear to be in the pocket of BP?

The New York Times recently reported that:

Before the spill, BP had maintained a low profile in Washington relative to other companies, with its lobbying work and political contributions usually trailing other oil-and-gas giants like Exxon Mobil, Chevron and Conoco Phillips. Unlike many other companies with federal interests, BP kept most of its lobbying work in-house, although it had retained several prominent Washington lobbyists, including Ken Duberstein and Tony Podesta, to make its case on issues including tax incentives for gas production and climate control regulations.
A little clout can go a long way, however, and Timothy Carney, a conservative columnist at the Washington Examiner, recently argued that BP has been “a close friend of big government whenever it serves the company’s bottom line.”

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