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Crony Capitalism Strikes Again

This just burns me up. Why isn’t it illegal??

From TP:

On Monday, 43 Senate Republicans and Sen. Joe Manchin (D-WV) introduced legislation to circumvent the Obama administration and approve the controversial Keystone XL tar sands pipeline. A ThinkProgress Green analysis reveals at least 35 of the 44 senators backing the proposal have received special interest political action committee contributions from the biggest backers of the pipeline since the start of the 2010 cycle.

$644,400 went to 35 of those senators who have endorsed this measure. Sens. Richard Burr (R-NC) and Rob Portman (R-OH) received the most, with $43,500 each. Manchin received $2,500 and the rest went to Republicans.

The most active companies and trade associations lobbying for the pipeline over the last three months were the U.S. Chamber of Commerce, ConocoPhillips, the Business Roundtable, Shell Oil, ExxonMobil, the American Petroleum Institute, the National Association of Manufacturers, the National Petrochemical & Refiners Association, Deere & Company, TransCanada Pipelines, and Devon Energy.(more…)

By | 2012-01-31T12:44:28+00:00 January 31st, 2012|Congress, Energy|Comments Off on Crony Capitalism Strikes Again

Keystone Dead For Now

Just because it looks as if the Keystone Pipeline is dead, don’t think that this fight is over. Some very powerful people stand to make tons of money for this project to simply die. It will be back, I promise.

From The Nation:

For the second time in as many months, the Obama administration has rejected the Keystone XL pipeline—a hugely controversial project that would traverse the length of the country from Nebraska to the Gulf of Mexico, carrying heavy and dirty tar sands oil from deep in Canada.

You’ll recall that, following a summer of protests and civil disobedience, the administration announced in November that it was delaying the project for at least a year, until a less disruptive route around a key aquifer in Nebraska could be studied and proposed. (Many believe this delay would kill the project entirely).

But Republicans successfully revived the project during the end-of-year negotiations on the payroll tax cut and unemployment insurance. Democrats desperately wanted these measures, and the final bill included a provision that would force the State Department to issue a decision on Keystone within two months. (more…)

Oh, btw, I don’t buy the GOP argument that the pipeline would make 2500 or 100,000 jobs. Media Matters clearly shows how the media pumped up the jobs numbers.

By | 2012-01-20T06:33:17+00:00 January 20th, 2012|Energy|Comments Off on Keystone Dead For Now