Oil Lobbyists Targeting “Super Committee”

[GoLeft TV]

As the so-called “Super Committee” works to figure out how to trim $1.2 trillion from the U.S. government’s federal deficit, the dirty energy industry has their lobbyists working overtime to make sure that their billions of dollars in annual subsidies aren’t among the items on the chopping block.

The Super Committee only has until Thanksgiving to submit their proposals to President Obama. And not being ones to miss an opportunity, members on the committee have scheduled dozens of personal fundraisers for their campaigns before that deadline hits. And many of the companies who fear that their subsidies could be cut will be in attendance. After all, the lobbyist blitz contains more than 180 former staffers of members of the Super Committee, so access is not an issue, and no introductions will be necessary.

The $1.2 trillion that the committee must trim from the budget is to be spread out over the next 10 years, meaning that the total in cuts would amount to roughly $120 billion per year. The dirty energy industry, particularly oil companies, are scared to death that their subsidies will be nonexistent in the years to come after cuts are made.

The full story is available at DeSmogBlog - http://www.desmogblog.com/oil-lobbyists-targeting-super-committee

[TheWraith]

1. My money says the committee fails to come up with a package to submit. nt

[ixion]

2. The so-called Super Committee needs to be disbanded. It is anti-democratic.