The Daily Caller

The Daily Caller

Obama top recipient of BP contributions last 20 yrs.

According to the Center for Responsive Politics and financial disclosures, over the last twenty years of oil-giant BP’s political action committee, the largest recipient has been President Obama.

Erika Lovely from Politico reports:

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company’s political action committees — $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals...

An Obama spokesman rejected the notion that the president took big oil money.

“President Obama didn’t accept a dime from corporate PACs or federal lobbyists during his presidential campaign,” spokesman Ben LaBolt said. “He raised $750 million from nearly four million Americans. And since he became president, he rolled back tax breaks and giveaways for the oil and gas industry, spearheaded a G20 agreement to phase out fossil fuel subsidies, and made the largest investment in American history in clean energy incentives.”

The oil-giant is also a major player in K Street lobbying activities, nearly tripling lobbying-expenditures the past decade. But in another non-shocker, corporate giving from BP has experienced a major shift toward over the past few years:

In 2008 alone, BP gave $37,000 to members of the House Energy Committee and $106,501 to members of the Senate Homeland Security Committee, which deals with security issues facing the nation’s oil supply…

BP has bulked up its K Street team by signing some of the biggest firms in Washington, several of which employ former Hill staffers with deep-seated ties to Louisiana and the Gulf of Mexico coast.

Politico’s Lovely closes out with this quote from former Rep. Jim Turner, now a lobbyist for BP with Arnold & Porter:

“First, they are exceedingly competent. Second, they are [Democratic-centric]. I know the first will help enormously in the next few weeks. I am not so sure about the second,” said Republican energy lobbyist Mike McKen­na of MWR Strategies, who predicted that Landrieu would quite likely get “very wide latitude” on the oil issue. “That may not be the case with BP, whose record is a bit more spotty.”