The Fossil Fuel Industry Campaign to Dirty Up Hydrogen Fuel Tax Credits
Oil and gas companies are deploying revolving door lobbyists to shape tens of billions in tax credits for hydrogen fuel.
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Oil and gas companies are deploying revolving door lobbyists to shape tens of billions in tax credits for hydrogen fuel.
Republican lawmakers who wrote bills that were wrapped into the H.R. 1 energy package own stock in Marathon Oil, Chevron, and family-held oil and gas drilling operations.
Fossil fuel industry donors like Chevron poured $27 million into the super PAC that helped Republicans take control of the House in the midterms.
As it collects record profits, Big Oil is donating more than ever to the largest Republican super PACs.
Despite public anger over congressional stock trading, senators and reps have held on to personal investments in companies that fall under their committees' jurisdiction.
While Congress considered infrastructure and climate legislation last year, reps kept up a stream of trades in oil and gas pipeline company stocks.
Reps among the top oil and gas investors in Congress bought more shares in pipeline companies as the House moved to pass the bipartisan infrastructure bill.
Donations came from corporations that would likely have been impacted by the bill’s proposals.
More than one in four senators is invested in the fossil fuel industry as the Senate strips major climate programs from the reconciliation bill.
As he stripped major climate programs, Sen. Joe Manchin received large donations from Enterprise Products, the energy giant where his son-in-law is a senior employee and whose lobbying groups are fighting the reconciliation bill.