ABB (ABB) $19.33 Canadian Solar (CSIQ) $18.83 Capstone Turbine (CPST) $0.41 Chipotle Mexican Grill (CMG) $721.20 Daqo New Energy (DQ) $14.13 First Solar (FSLR) $47.80 General Electric (GE) $25.16 Hannon Armstrong (HASI) $18.99 Hanwha SolarOne (HSOL) $1.10 iPatch DJ-UBS Coffee (JO) $20.17 iPath Pure Beta Coffee (CAFE) $13.86 JA Solar (JASO) $7.90 Maxwell Technologies (MXWL) $5.38 NRG, Inc. (NRG) $20.22 NRG Yield, Inc. (NYLD) $16.29 Ormat (ORA) $35.55 Pattern Energy Group (PEGI) $22.74 SolarCity (SCTY) $48.00 SunEdison (SUNE) $10.30 SunPower (SPWR) $24.32 TerraForm Power (TERP) $22.93 Tesla (TSLA) $248.48 TransAlta Renewables (RNW) $11.34 Trina Solar (TSL) $8.90 U.S. Geothermal (HTM) $0.58 Whole Foods Market (WFM) $32.85 Yingli Green Energy (YGE) $0.80

Big Oil Pays Off Senate

What $23.5 Million in Oil Money Can Buy You!

Written by Rebecca Leber
Posted March 30, 2012 at 4:47PM

rebgraphIn a 51-47 vote, 43 Senate Republicans and four Democrats filibustered to protect $24 billion in tax breaks for Big Oil. Although a majority voted for Sen. Robert Menendez’s (D-NJ) bill, it fell short of the 60 needed. The only two Republicans to break rank were Sen. Susan Collins (R-ME) and retiring Sen. Olympia Snowe (R-ME).

A Think Progress Green analysis shows how oil and gas companies have funneled cash to the same senators who protected its handouts:

  • The 47 senators voting against the bill have received $23,582,500 in career contributions from oil and gas. The 51 senators voting to repeal oil tax breaks have received $5,873,600.
  • The senators who voted for Big Oil’s handouts received on average over four times as much career oil cash as those who voted to end them.
  • Overall, Senate Republicans have taken $23.2 million in oil and gas contributions. Democrats received $6.66 million.
  • Since 2011, Senate Republicans have voted seven times for pro-Big Oil interests and against clean energy three times.

Democrats who joined the Republicans in defeating the bill include Sens. Mary Landrieu (D-LA), Ben Nelson (D-NE), Mark Begich (D-AK), and Jim Webb (D-VA). Sen. Susan Collins (R-ME) and retiring Sen. Olympia Snowe (R-ME) broke ranks and voted to cut the tax breaks. Two senators, Sen. Mark Kirk (R-IL) and Sen. Orrin Hatch (R-UT) didn’t vote.

Republicans have taken an overwhelming 88 percent of oil and gas contributions this election cycle. While showering politicans with cash, the oil industry also spent over $146,000,000 on lobbying last year.

Although 55 percent of Americans want to see Big Oil welfare end, the GOP once again largely acted in-line with their Big Oil donors.

The full list of oil contributions for the Senate can be found in the original version of this article here.

**Rebecca Leber is a research assistant for the ThinkProgress war room. She graduated from the University of Rochester and holds a B.A. in political science and English with a minor in economics.

 


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