Oil and Coal Have Spent $427 Million To Influence Campaign in 2008
The Public Campaign Action Fund has figured out how much the oil and coal industries have spent to influence the public debate through their 527s, 501(c)4s, PACs, lobbying expenditures, paid advertising, and campaign contributions. Their final number? An astonishing $427.2 million dollars in the first half of 2008. You can see how the numbers break down here, but take a look at this chart for a summary. It is possible these industries will spend close to or more than $1 billion to influence the election and to protect their interests.
|Amount in Millions||Coal/Electric Utilities||Oil/Gas||Total|
|Other Political Spending||40.0||12.2||52.2|
Of the oil and gas industries' political contributions, 25% was given to Democrats and 75% was given to Republicans. For coal, it was 31% for Democrats and 69% for Republicans. Electric utilities were more even, with 48% going to Dems and 52% going to Republicans.