Oil Industry Money Buying Too Much Influence in California

It’s been clear to a lot of people for a long time that there’s too much money in politics, and in California the statistics clearly indicate there is too much oil money in politics. Lobbying expenses by oil companies in California reached an astonishing $11 million from July through September of 2015. The third-quarter lobbying expenses paid for an expensive campaign this past summer by Big Oil to derail an oil-reduction provision in California’s ambitious climate legislation, SB 350 (De León and Leno). If that’s not startling enough, the oil industry has spent an eye-popping total of $17.7 million so far this year to influence California energy policies with three months still to go. That annual amount (which is bound to go up even more by year’s end) averages to $147,500 per legislator—a lot more than California’s 120 state senators and assembly members make in their annual salaries. It illustrates the excessive influence that the petroleum industry has over our state lawmakers.

Source: Oil Industry Money Buying Too Much Influence in California – The Equation

BP Manages To Turn $20 Billion Fine Into Tax Write-Off

Last week, the Justice Department announced that they would be slapping BP with a $20 billion fine for the 2010 Deepwater Horizon oil rig explosion and oil spill.  But what they didn’t tell the public is that about 99% of that fine will be either written off by the company on their taxes, or reduced from their total tax liability.  This is not justice.

Source: BP Manages To Turn $20 Billion Fine Into Tax Write-Off