From: EcoWatch
| April 8, 2016 9:09 am
The dark channels through which corporations influence legislation
are notoriously hard to trace, but a new detailed report estimates that
the world’s largest fossil fuel companies are spending upwards of $500
million per year to obstruct climate laws.
Published Thursday by the UK-based non-profit InfluenceMap, the report looked at two fossil fuel giants (ExxonMobil and Royal Dutch Shell) and three trade lobbying groups, discovering that all together the five companies spend $114 million dollars a year to defeat climate change legislation.
More significantly, InfluenceMap says, “Extrapolated over the entire
fossil fuel and other industrial sectors beyond, it is not hard to
consider that this obstructive climate policy lobbying spending may be
in the order of $500m annually.” MORE
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