Yep, there are a lot of oil companies that give funding to environmental groups. If they can “raise awareness” about an environmental concern these environmental groups will apply pressure to various congressmen to write an obscure law to regulate energy. More often than not, the congressman will write the law to favor that same energy company.
The enviromentalists are duped and think they’ve won, the company gets favorable laws that stifle competition and the congressman gets a nice campaign contribution from both parties.
It’s a toxic and corrupt scheme they’ve got going on.
I've been in the Oil & Gas business for over 30 years and take huge issue with the above statement. Do you not know of the Obama Administration's plans to strip normal manufacturing tax deductions and depletion allownces specifically from Oil & Gas Companies? ? ? The ONLY industry targeted with this punitive elimination of NORMAL tax deductions is the Oil & Gas 'bidness'.
Get your facts straight.