Wednesday, June 16, 2010

BP was founding member of 'cap-and-trade' lobby...

As Democrats fight to advance climate change policies, they are resorting to the misleading tactics they used in their health care and finance efforts: posing as the scourges of the special interests and tarring “reform” opponents as the stooges of big business.

Expect BP to be public enemy No. 1 in the climate debate.

There’s a problem: 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.

In February, BP quit USCAP without giving much of a reason beyond saying the company could lobby more effectively on its own than in a coalition that is increasingly dominated by power companies. Theymade out particularly well in the House’s climate bill, while natural gas producers suffered.

But two months later, BP signed off on Kerry’s Senate climate bill, which was hardly a capitalist concoction. One provision BP explicitly backed, according to Congressional Quarterly and other media reports: a higher gas tax. The money would be earmarked for building more highways, thus inducing more driving and more gasoline consumption.

Elsewhere in the green arena, BP has lobbied for and profited from subsidies for biofuels and solar energy, two products that cannot break even without government support. Lobbying records show the company backing solar subsidies including federal funding for solar research. The U.S. Export-Import Bank, a federal agency, is currently financing a BP solar energy project in Argentina.

Ex-Im has also put up taxpayer cash to finance construction of the 1,094-mile Baku-Tbilisi-Ceyhan pipeline carrying oil from the Caspian Sea to Ceyhan, Turkey—again, profiting BP.

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. Former Republican staffers, such as Reagan alumnus Ken Duberstein, also lobby for BP, but there’s no truth to Democratic portrayals of the oil company as
an arm of the GOP.

Two patterns have emerged during Obama’s presidency: 1) Big business increasingly seeks profits through more government, and 2) Obama nonetheless paints opponents of his intervention as industry shills. BP is just the latest example of this tawdry sleight of hand.

No comments:

EDITORIALS: Sad Hill News

EDITORIALS: American Issues Project

EDITORIALS: American Thinker

EDITORIALS: Conservative Dialysis

EDITORIALS: Defund & Disobey

EDITORIALS: DickMorris.com

EDITORIALS: Firm Foundation

EDITORIALS: Investor's Business Daily - Editorial RSS

EDITORIALS: John Goodman's Health Policy Blog

EDITORIALS: Obama Lies

EDITORIALS: Onenewsnow.com Front Page Stories

EDITORIALS: Power Line

EDITORIALS: RedState

EDITORIALS: Sharp Right Turn

EDITORIALS: The Cloakroom Blog

EDITORIALS: The Front Page

EDITORIALS: The Next Right

EDITORIALS: The Patriot Room

EDITORIALS: TownHall Latest columns

EDITORIALS: Vocal Minority

EDITORIALS: Webloggin

ECONOMICS: Agora Financial's The 5 Min. Forecast

ECONOMICS: Capital Commerce

ECONOMICS: Capitalism Magazine (CapMag.com)

ECONOMICS: CARPE DIEM

ECONOMICS: NCPA | Daily Policy Digest

ECONOMICS: RealClearMarkets

ECONOMICS: WSJ.com: Real Time Economics

NEWS: NewsBusters.org - Exposing Liberal Media Bias

NEWS: Newsmax - Inside Cover

NEWS: Resistnet.com

NEWS (SATIRE): ONN Front Page Stories

TRACKING: The Obameter: Tracking Obama's Campaign Promises