Sarbanes Slams GOP’s Special-Interest Ties to Big Oil and Gas
FOR IMMEDIATE RELEASE
WASHINGTON, D.C. – During a House Energy and Power Subcommittee hearing today on federal subsidies to energy companies, Congressman John Sarbanes (D-Md.) highlighted the undue influence of Big Oil and Gas on the policymaking process in Washington.
“Last election cycle, the oil and gas industry alone pumped over 100 million dollars into Washington – and that wasn’t to build a refinery down the street,” said Congressman Sarbanes. “That went into spending on campaign contributions and lobbying…. The industry has a huge incentive to pour money into campaign contributions and lobbying, and put an army of people up here on Capitol Hill…. There’s a 2014 study out there that estimates that for every one dollar that the fossil fuel industry invested in campaign contributions and lobbying, it got fifty-nine dollars back when you look at the subsidies that they benefit from here in Washington. That’s a 5,800 percent return.”
See below for a video of the Congressman’s full remarks.