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Oil Giants Spend $115 Million A Year To Oppose Climate Policy and Renewable Fuel

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Major fossil fuel companies and trade groups shell out nearly $115 million a year to oppose efforts to reduce carbon emissions, according to a new report from the British research organization Influence Map. The largest share of the money comes from the American Petroleum Institute, the country’s largest trade organization for oil and gas producers. It reportedly spends $65 million annually in efforts to block climate policy. API is followed by Exxon Mobil, which spends $27 million, and Shell, which spends $22 million a year on anti-climate advocacy.

The rest of the money comes from smaller fossil fuel companies and trade organizations. API is the leading opponent of renewable fuel and the RFS.

 

Source: Huffington Post