Academic

BP: In bed with the government, and politicians, all along. ?BP was a founding member of the U.S. ?

By Glenn Reynolds

BP: In bed with the government, and politicians, all along. “BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation?s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas. . . . Lobbying records also show BP lobbying on Obama?s stimulus bill and Bush?s Wall Street bailout. You can guess the oil giant wasn?t in league with the Cato Institute or Ron Paul on those. BP has more Democratic lobbyists than Republicans. It employs the Podesta Group, co-founded by John Podesta, Obama?s transition director and confidant. Other BP troops on K Street include Michael Berman, a former top aide to Vice President Walter Mondale; Steven Champlin, former executive director of the House Democratic Caucus; and Matthew LaRocco, who worked in Bill Clinton?s Interior Department and whose father was a Democratic congressman.”

And BP was a big Obama donor, too.

Full post as published by Instapundit.com on June 09, 2010 (boomark / email).