Skip to comments.BP was founder of Cap & Trade Lobby and is linked to John Podesta, The Apollo alliance and Obama
Posted on 06/16/2010 6:37:08 PM PDT by GlockThe Vote
Once a government pet, BP now a capitalist tool By: Timothy P. Carney Examiner Columnist June 9, 2010
In this May 30, 2010 file photo, BP PLC CEO Tony Hayward talks to reporters as he visits a Coast Guard command center in Venice, La. BP's inability to contain the worst oil spill in U.S. history has focused attention on CEO Tony Hayward's words and deeds over the past six weeks - and the scrutiny has not yielded a flattering image. (AP file photo)
As BPs Deepwater Horizon oil rig was sinking on April 22, Sen. John Kerry, D-Mass., was on the phone with allies in his push for climate legislation, telling them he would soon roll out the Senate climate bill with the support of the utility industry and three oil companies including BP, according to the Washington Post.
Kerry never got to have his photo op with BP chief executive Tony Hayward and other regulation-friendly corporate chieftains. Within days, Republican co-sponsor Lindsey Graham, R-S.C., repudiated the bill following a spat about immigration, and Democrats went back to the drawing board.
But the Kerry-BP alliance for an energy bill that included a cap-and-trade scheme for greenhouse gases pokes a hole in a favorite claim of President Obama and his allies in the media that BPs lobbyists have fought fiercely to be left alone. Lobbying records show that BP is no free-market crusader, but instead a close friend of big government whenever it serves the companys bottom line.
While BP has resisted some government interventions, it has lobbied for tax hikes, greenhouse gas restraints, the stimulus bill, the Wall Street bailout, and subsidies for oil pipelines, solar panels, natural gas and biofuels.
Now that BPs oil rig has caused the biggest environmental disaster in American history, the Left is pulling the same bogus trick it did with Enron and AIG: Whenever a company earns universal ire, declare it the poster boy for the free market.
As Democrats fight to advance climate change policies, they are resorting to the misleading tactics they used in their health care and finance efforts: posing as the scourges of the special interests and tarring reform opponents as the stooges of big business.
Expect BP to be public enemy No. 1 in the climate debate.
Theres a problem: BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nations largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas.
In February, BP quit USCAP without giving much of a reason beyond saying the company could lobby more effectively on its own than in a coalition that is increasingly dominated by power companies. Theymade out particularly well in the Houses climate bill, while natural gas producers suffered.
But two months later, BP signed off on Kerrys Senate climate bill, which was hardly a capitalist concoction. One provision BP explicitly backed, according to Congressional Quarterly and other media reports: a higher gas tax. The money would be earmarked for building more highways, thus inducing more driving and more gasoline consumption.
Elsewhere in the green arena, BP has lobbied for and profited from subsidies for biofuels and solar energy, two products that cannot break even without government support. Lobbying records show the company backing solar subsidies including federal funding for solar research. The U.S. Export-Import Bank, a federal agency, is currently financing a BP solar energy project in Argentina.
Ex-Im has also put up taxpayer cash to finance construction of the 1,094-mile Baku-Tbilisi-Ceyhan pipeline carrying oil from the Caspian Sea to Ceyhan, Turkeyagain, profiting BP.
Lobbying records also show BP lobbying on Obamas stimulus bill and Bushs Wall Street bailout. You can guess the oil giant wasnt in league with the Cato Institute or Ron Paul on those.
BP has more Democratic lobbyists than Republicans. It employs the Podesta Group, co-founded by John Podesta, Obamas transition director and confidant. Other BP troops on K Street include Michael Berman, a former top aide to Vice President Walter Mondale; Steven Champlin, former executive director of the House Democratic Caucus; and Matthew LaRocco, who worked in Bill Clintons Interior Department and whose father was a Democratic congressman. Former Republican staffers, such as Reagan alumnus Ken Duberstein, also lobby for BP, but theres no truth to Democratic portrayals of the oil company as an arm of the GOP.
Two patterns have emerged during Obamas presidency: 1) Big business increasingly seeks profits through more government, and 2) Obama nonetheless paints opponents of his intervention as industry shills. BP is just the latest example of this tawdry sleight of hand.
Once a government pet, BP now a capitalist tool.
Timothy P. Carney is The Washington Examiner's lobbying editor. His K Street column appears on Wednesdays.
This article makes so much sense!
Podesta also runs the Center for American Progress, a left wing think tank that is said to have the most sway over the administration.
Now we know why Gorelick was hired, why BP is getting a free pass, why they supported the stim bill, etc.
PLEASE SEND THIS TO GLEN BECK!!!!!!
My conspiracy detector is pegging the meter.
Its not a CT when it is out in the open and true.
Everything makes perfect sense now to me. Beck has talked about the Podesta connection amongst the Apollo Alliance, Crap & Tax, the Stim Bill Etc.
Now we know they are working for both obama and BP at the same time!
Finally, please tell me why BP lobbied for the Stim Bill? What did they get out of that?
here we go and I bet the 20 million will travel in a circle..tax payers will get the bill for the leak plus lose all jobs. slavery is back...thats what this is..the same ones we voted into office have enslaved us.
Yup. The 20 Billion is probably not a pittance to what it should cost them, yet, I’’ bet their liability is capped at 20 billion now. You watch.
I agree 100%..and most of that will vanish like our tax dollars
Just wait, the 20 Billion might actually be the BP bail out. We will see how this unfolds but I suspect that the tax payers will foot this bill. Obama doesn’t have the authority to make this deal and is a circumvention of the legal process. Something smells about this deal.
Now, find the link to Lindsey Graham.
My conspiracy detector is pegging the meter.
More like karma than a conspiracy. BP pushed the global warming hoax and wasted money on green energy instead of paying attention to safely and efficiently extracting the oil and gas the world needs. Karma is a bit@#.
When did BP get the approval to drill this well? Was it after OBOZO HUSSEIN took Office? and How Much has BP contributed to OBOZO and the entire Demorat Partyand How Much has BP spent on their Massive Advertising Campaigns supporting OBOZO’S CAP and PLUNDER AMERICA AGENDA? Why wasn’t EXXON out drilling there when BP had a Horrific Violatios Record (790+ Major Violations) verses EXXON’s One Minor Violation in the same time period!!!! Stinks the High Heavens!!
The Podesta, Appollo Alliance, Stim Bill, Wall Street Bailout, Gorelick connection had me up late last night looking at all of this.
This really stinks and I believe is the tip of the ice berg of the corruption Beck has been exposing.
I’ll see what I can dig up.
Just guessing, but it could be that, in view of their less-than-impeccable safety record, they were "buying" some bureaucratic "look the other way" stuff on safety inspections.
I sent this article to everyone I know.
The 0bama administration thanks yu for doing their anti-capitalist bidding for them.
I really hope Beck sees this article and puts his people on it. This to me could, should, and would be valid grounds for impeachment of this entire admn from the top down for incompetence, malfeasance, and conflicts of interest that are beyond the pale.
WSJ June 14, 2010, 10:26 AM ET bttt
WH Takes Cues from Liberal Think Tank on Spill
By Jonathan Weisman
If you want to see where President Barack Obamas response to the Deepwater Horizon disaster is heading, try following the urgings of the Center for American Progress.
The liberal think tank with close White House ties appears to have more influence on spill policy than the presidents in-house advisers. On May 4, for instance, the CAPs energy and environment expert, Daniel Weiss, called on the president to name an independent commission to look at the causes of the Deepwater Horizon disaster. On May 22, he did just that.
On May 21, CAP president, John Podesta, privately implored White House officials to name someone to be the public point person for the spill response. A week later, the White House announced that Coast Guard Adm. Thad Allen would hold daily briefings on the spill, wherever he would be on any given day.
On May 26, Weiss said the White House needed to demand that BP immediately set up an escrow account with billions of dollars from which claims for Gulf state residents would be paid out.
Mondays headlines proclaimed the presidents latest get-tough stand: BP needs to set up a billion-dollar escrow account. http://online.wsj.com/article/SB10001424052748703389004575304650090670686.html?mod=WSJ_hps_LEFTTopStories
Whats next, Mr. Podesta?
237 posted on Monday, June 14, 2010 12:27:51 PM by Matchett-PI
This thing should be headline news 24/7 considering BP pushed for the stim bill, obamacare, cap & tax, etc.
“Now, find the link to Lindsey Graham.”
My guess is a Scana Corp.s Summer plant in South Carolina.
Senators pushing for increase in gas tax - 15 cents a gallon under consideration
St. Paul Pioneer Press (MN) - Wednesday, April 14, 2010
Author: Jim Tankersley, Chicago Tribune
WASHINGTON — Leading voices in the Senate are considering a new tax on gasoline as part of an effort to win Republican and oil industry support for the energy and climate bill now idling in Congress.
The tax, which early estimates put in the range of 15 cents a gallon, was conceived with the input of several oil companies, including Shell, BP and ConocoPhillips, and is being championed by Republican Sen. Lindsey Graham of South Carolina.
It is shaping up as a critical but controversial piece in the efforts by Graham, Sen. Joe Lieberman, I-Conn., and Sen. John Kerry, D-Mass., to write a climate bill that moderate Republicans could support. Along those lines, the bill will also include an expansion of offshore oil drilling and major new incentives for nuclear power plant construction.
Top 5 Contributors, 2005-2010, Campaign Cmte
Contributor Total Indivs PACs
Nelson, Mullins et al $79,491 $70,491 $9,000
Scana Corp $57,630 $51,130 $6,500
EnergySolutions LLC $35,800 $35,800 $0
Edens & Avant $31,900 $31,900 $0
Blue Cross/Blue Shield $31,450 $24,950 $6,500
Sen. Tom Carper (D-Del.) is helping to negotiate a nuclear energy amendment that could help bring aboard swing votes who support the industry. Architects and backers of the nuclear effort include Sens. Joe Lieberman (I-Conn.), John McCain (R-Ariz.) and Lindsey Graham (R-S.C.), who are seeking more federal financial backing and other support.
Nuclear Energy Institute spokesman John Keeley said the industrys priorities include greater funding for loan guarantees. Congress has set aside $18.5 billion thus far for nuclear plant loan guarantees under a DOE financing program first authorized in the 2005 Energy Policy Act. But this would cover only a small number of new plants.
Four proposals remain in the running for DOE guarantees from this funding, according to several published reports. They are: UniStar Nuclear Energy/Constellation Energy Groups proposed Calvert Cliffs plant in Maryland; NRG Energy Inc.s South Texas Project; Southern Co.s Vogtle plant in Georgia; and Scana Corp.s Summer plant in South Carolina.
Assembling the Team
During 2000 and 2001, the Joyce Foundation, a progressive trust with assets near $1 billion, known for funding groups like Center for American Progress and Tides Foundation, provided grants to CCX totaling $1.1 million. State Senator Obama served on the foundations board of directors during that time and was instrumental in awarding the grants.
Shortly after the first grant was approved, the president of The Joyce Foundation, Paula DiPerna, left to join the executive team of CCX. Other notables with familiar names soon followed.
Former Vice-President Al Gore became part-owner of CCX when his company, Generation Investment Management, made a sizeable investment. Gore brought with him his senior partner at GIM, David Blood, former CEO of Goldman Sachs Asset Management, along with a company chalk full of former Goldman Sachs executives
Goldman Sachs itself soon joined the team buying a ten percent interest in CCX
Maurice Strong, once linked to Tongsun Park, the central figure in the United Nations oil-for-food scandal in 2005 and one of the architects of the Kyoto Protocol, joined the CCX board of directors
Carlton Bartels was one of the first, and perhaps most important, additions to the CCX roster. As CEO of a company called CO2e, Bartels developed and delivered the actual guts of the exchange a system for facilitating and managing the actual carbon trades
Just three weeks after filing for a patent for his carbon trade system, Bartels was killed during the attacks of 9/11. Bartels death opened the door for a new partner to join CCX, easily the oddest fit of them all: Fannie Mae. In a move still unexplained, the quasi-governmental mortgage agency, led by CEO Franklin Raines, purchased the rights to the system from Bartels widow. A patent on the invention was granted to Raines and Fannie Mae on November 7, 2006, ironically, the day after the Democrats regained control of Congress. According to Barbara Hollingsworth of the Washington Examiner, the patent covers both the cap and trade parts of Obamas top domestic energy initiative and gives Fannie Mae proprietary control over the automated trading system used by Sandors CCX.
When asked about the patent recently Fannie Mae communications director Amy Bonitatibus told the Washington Examiner, Fannie Mae earns no money on this patent. We cant conjecture as to the cap-and-trade legislation. A source close to Fannie Mae, however, says a plan is in place to funnel future earnings from the patent to a non-profit housing organization called Enterprise Community Partners. Ironically, Raines, who left Fannie Mae in 2004 amidst allegations that he inflated earnings reports in order to collect higher bonuses ($52 million in bonuses over 5-years; $90 million in total compensation), serves on the board of trustees at Enterprise. In a continuation of theme, Goldman Sachs also has a representative on the board in the person of Alicia Glen.
Just three weeks after filing for a patent for his carbon trade system, Bartels was killed during the attacks of 9/11.
Guess whos been involved intimately with Fannie Mae? Does the name Jamie Gorelick ring a bell?
This woman is everywhere, and
Jamie Gorelick got a 26 million payout when she left the place.
Jamie Gorelicks Cloudy Memory (mega clintonista wall gag alert)
American Thinker ^ | 7-29-08 | Ed Lasky
Fitting the Pieces TogetherAble Danger, Jamie Gorelick & 9/11
The Strata-Sphere ^ | August 9, 2005 | Bronc1
More on Mrs. Gorelick....
Her law firm buddy, his job, and her being on the board with a firm working on Carbon Sequestering is such a co-wink-a-dink..
Jamie Gorelick Authored Conflict of Interest Booklet
Posted on Saturday, April 17, 2004
In 1989, Jamie Gorelick authored a 21 page booklet for The American Bar Association titled: “Conflicts of Interest in a Changing Legal Environment : Traps for the Unwary.”
Also in 1989, she co-authored “Destruction of Evidence” with Stephen Marzen and Lawrence Solum. Published in New York: Wiley Law Publications, Description: xxvii, 516 p. ; 27 cm. Series: Trial practice library.
And again in 1989, she authored a 26 pages booklet for The American Bar Association titled: “Structuring the Internal Investigation When a Corporation is Faced With Parallel Civil, Criminal and Administrative Proceedings.”
In 1988, for The American Bar Association, she authored a 41 page booklet: “Effective Representation of the Corporation, Its Directors, Officers, and Employees in Grand Jury and Agency Investigations.
In 1987, she co-authored a two volume book with Roger C Spaeder & Cono R Namorato: “Federal Enforcement 1987 : Representing Corporations, Their Officers, Directors and Employees, April 2-3, 1987, Loew’s L’Enfant Plaza Hotel, Washington, D.C.: program materials. Published by The Center, Washington, D.C.
Then, in 2001, the Department of Justice published a volume of her addresses as Assistant Attorney General.
We need to get this story to Beck.
ping for future.
Why is Beck not discussing this?
Apollo derived from the Greek, apollyni, meaning “to destroy.”
A planned “oil leak” that was supposed to help pass cap&tax went out of control in the Gulf and the taxpayers will pay for the mess, not BP since BP’s involvement was orchestrated from the beginning!
Nothing would shock me, especially sabotage.
Perhaps he's gathering more pieces of the puzzle before committing. If he can put what is in this article with other irrefutable facts, he can pin some really condemning stuff on BP and the administration and can sink "cap and tax" once and for all.
Also the Wednesday, 6/16/2010 Speech after the BP Meeting ...
Have you sent it to him?
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