Wednesday was a difficult day for The American Independent News Network, which is the larger entity that operates The Iowa Independent. Our chief executive and founder announced two of our sister sites would close and their content would be moved to The American Independent.
‘Big Oil’ lobby must be stopped, Loebsack says
U.S. Rep. Dave Loebsack, D-Mt. Vernon, is pinning blame for the oil spill crisis on energy policy driven by “Big Oil.”
“For nearly a decade, Washington listened to Big Oil and let it dictate an energy policy that was not in the interests of average Americans. This must stop.
“For nearly a decade, Big Oil lobbyists were in charge of our energy policy, and these policies must be examined and changed.”
However, recently-introduced climate legislation suggests the oil lobby still holds weight in forming energy policy.
The American Power Act — which proponents hope will most effective climate legislation to date — has garnered endorsements of executives at major oil companies, including BP, ConocoPhilips, and Shell. And the sponsors of that legislation — U.S. Sens. John Kerry and Joe Lieberman — recently cast votes against a move to end billions in tax breaks to oil companies.
Oil companies have long composed a powerful lobby in Washington. BP — the company responsible for the spill in the Gulf of Mexico — and its employees have contributed more than $3.5 billion to candidates’ campaigns over the last 20 years. President Barack Obama received more BP-related dollars than any other candidate during the 2008 elections, collecting more than $70,000.