This article by Jimmy Cloutier is published by Open Secrets. Here is an excerpt:
The top oil and gas companies spent more than $12.4 million on lobbying in the first quarter of 2022 — about $1 million more than they spent by this time last year — as Russia’s invasion of Ukraine upends the global energy market.
The war in eastern Europe has driven up gas prices and spurred concerns among some state and federal lawmakers over energy security and independence. Senate Minority Leader Mitch McConnell (R-Ky.) and more than 20 other senators signed onto a letter last month urging President Joe Biden to address the administration’s energy policies in light of Russia’s invasion of Ukraine. Recommendations in the letter include reviving the Keystone XL pipeline, expediting oil and gas production on federal lands and the Gulf of Mexico, and encouraging financial institutions to support U.S. oil and gas companies.
OpenSecrets reviewed lobbying disclosures from the five oil and gas companies that have, historically, spent the most on lobbying. During the first three months of 2022, the companies spent millions lobbying Congress on a range of issues and bills, including Biden’s stalled Build Back Better legislation, carbon capture and sequestration, federal oil and gas leases, and hydrogen, an alternative, and potentially green, fuel source being pushed by big oil and gas companies, according to filings.
Read the full article here.
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