Oil and Gas Campaign Contributions: McCain has Taken At Least $1,069,854 from the Oil & Gas Industry.
If anyone wants to post Barry's info, please do.
McCain's Policies and Votes on Behalf of Big Oil
McCain's Tax Plan Gives Top Five Oil Companies $3.8 Billion A Year In Tax Breaks. According to a study conducted by the Center for American Progress, "The McCain plan would deliver approximately $170 billion a year in tax cuts to corporations, including some corporations that are very large and profitable. Just one of the proposals-cutting the corporate rate from 35 percent to 25 percent-would cut taxes for five largest U.S. oil companies by $3.8 billion a year." [Center for American Progress, 3/27/08]
McCain Voted Against Reducing Dependence On Foreign Oil. In 2005, McCain voted against legislation calling on the President to submit a plan to reduce foreign petroleum imports by 40 percent. [Senate Roll Call Vote #140, 6/16/05]
In 2005, McCain Voted Against a Windfall Profit Tax on Oil Companies At Least Twice. McCain voted against a measure that would have provided an income tax rebate to Americans by taxing enormous oil company profits temporarily on an sale of crude above $40 a barrel. [S 2020, Vote #331, 11/17/05; S 2020, Vote # 341, 11/17/05; Houston Chronicle, 11/17/05; Las Vegas Review-Journal, 11/18/05; Environment and Energy Daily¸ 11/18/05]
McCain Voted Against Taxing Oil Companies To Provide $100 Rebate To Consumers. In 2005, McCain voted against an amendment to impose a temporary tax on oil company profits from the sale of crude oil. The funds would be used to provide every taxpayer with a $100 non-refundable tax credit for 2005 for each person in their household. The amendment failed 33-65. [S 2020, Vote #341, 11/17/05]
McCain Voted Against Temporarily Taxing Oil Companies to Finance Tax Rebate For Consumers. In 2005, McCain voted against an amendment to would impose a temporary 50 percent tax on oil company profits from the sale of crude oil. Funds collected from the tax would be used to provide a consumer tax credit for petroleum products. The amendment failed 35-64. [S 2020, Vote #331, 11/17/05]
McCain Then: He Opposed Off-Shore Drilling At Least Three Times, and Twice Supported Florida Efforts To Prevent Drilling Off Their Coasts.
* McCain Voted Against Off-Shore Drilling. In 2005, McCain voted for an amendment that would strike language instructing the Interior Department to conduct a comprehensive inventory of Outer Continental Shelf oil and natural gas resources. The amendment failed 44-52. [H.R. 6, Vote #143, 6/21/2005]
* McCain Voted Against Off-Shore Drilling. In 2003, McCain voted against a provision requiring a survey and inventory of possible off-shore oil and natural gas deposits by the Secretary of the Interior. He voted for an amendment striking the provision. The amendment failed 45-53. [S. 14, Vote #221, 6/12/2003]
* McCain Voted for One-Year Moratorium on Oil and Gas Exploration in North Aleutian Basin. In 1989, McCain voted for a bill making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 1990, and for other purposes. The bill contained a total of $956.4 million for the Bureau of Land Management of which $442.1 million is for management of lands and resources; $535.5 million for the Fish and Wildlife Service. The bill also imposed a one-year moratorium on oil and gas exploration and development in the North Aleutian Basin and ensured that the Department of the Interior will continue its assessment of damage from the Exxon Valdex oil spill through September 30, 1990. The bill also contained $1.5 billion for the Department of Energy, which includes $422.1 million for the fossil energy research program; $192.1 million for the Naval Petroleum and Oil Shale Reserves; $413.3 million for energy conservation. The bill passed 91-6. [H.R. 2788, Vote #241, 10/7/1989]
But Now That The Oil Industry Has Given Him Over a Million in Campaign Contributions And His Campaign is Run By Lobbyists, He's Changed His Tune. During a press availability in Arlington Virginia, he called for a lifting of the federal moratorium on offshore drilling. McCain: "I think that's a subject of negotiation and discussion. But right now, as you know there's a moratorium. And those moratorium, in my view, moratoria, have to be lifted. And they have to be lifted so that states can make those decisions. I'm not dictating to the states that they drill or they engage in oil exploration. I am saying that the moratoria should be lifted so they have the opportunity to do so. And by the way, I would also like to see perhaps additional incentives if the states, in the form of tangible financial rewards if the states decide to lift those moratoria.." [McCain Press Avail 6/16/07]
McCain: "There Are Places Off Our Coasts That Should Be Open To Exploration and Exploitation." "So I do believe that there are places in the world, as I said, that we should not drill. But I certainly think there are areas off our coasts that should be open to exploration and exploitation. And I hope that we can take the first step, by lifting the moratoria in order to do so." [McCain Press Avail 6/16/07]
McCain's Position is Exactly the Same As the Bush Administration's: "The Bush administration proposed on Monday leasing out millions of acres along the coasts of Alaska and Virginia to oil and gas drillers, a move that would end a longstanding ban on drilling in those environmentally sensitive areas....'The outer continental shelf is a vital source of domestic oil and natural gas for America, especially in light of sharply rising energy prices,' said Dirk Kempthorne, secretary of the interior." [New York Times, 5/1/07]
McCain Flip Flopped On Ethanol
FLIP: McCain Said Ethanol "Has Absolutely, Under No Circumstances, Any Value Whatsoever." According to Roll Call, "John McCain, R-Ariz., called ethanol "a product that we have created a market for which has absolutely, under no circumstances, any value whatsoever except to corn producers and Archer Daniels Midland and other large agribusinesses." [Roll Call, 5/2/04]
* FLOP: McCain Said Ethanol "Ought To Be Something That Ought To Be Carefully Examined." According to the Des Moines Register, McCain "indicate[d] a slight softening of his earlier opposition to the corn-based alternative fuel, which he said in the past was too costly to produce." McCain "who once described ethanol as ‘good for neither the environment nor the consumer,' said that rising oil costs make the alternative fuel worthy of another look.'" "McCain emphasized ... that his opposition to subsidies hasn't changed, and said that economics, not politics, explains his revised position. ‘I think it ought to be something that ought to be carefully examined' and researched, he added." [Des Moines Register, 4/13/06, 4/14/06]