Wednesday, May 5, 2010

The Oil Spill and Lobbying

Expanding upon Kevin's post and returning to our earlier class discussions of lobbying, Politico ran an article looking at how the oil industry--in particular, BP--is reacting to the spill.

Because it knows that policy changes can impact business, BP's lobbyists are keeping lawmakers "up-to-date with the latest information" on the spill and urging that Congress doesn't do anything "hasty." Some watchdog groups speculate that the heavy lobbying is an effort by BP to limit its liability in the future.

In terms of its influence, Politico reported that BP spend almost $16M on lobbying last year and $3.5M on lobbying this year before the oil spill occurred.


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