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Big Oil Gives $500K+ to Giuliani

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Fri, Oct 19, 2007 at 12:05 pm

    Big Oil Gives $500K+ to Giuliani

    NEWS RELEASE
    October 19, 2007

    CONTACT: Judy Dugan, 310-392-0522 x305

    Giuliani Leaps Past $500,000 Mark in Big Oil Contributions;

    All Presidential Candidates Should Return Oil Industry’s "Dirty Money," Says Watchdog Group

    Santa Monica, CA — Rudy Giuliani is far ahead of the rest of the
    presidential pack in contributions from the oil and gas industry,
    netting $536,708 to date, more than the total of the next two top
    recipients, Mitt Romney at $291,033 and Hillary Clinton at $211,043.

    "With the price oil heading toward $100 a barrel and prices at
    the pump headed back to $3.00 a gallon, politicians should be treating
    Big Oil’s contributions as dirty money," said Judy Dugan, research
    director of OilWatchdog.org and its parent organization, the Foundation
    for Taxpayer and Consumer Rights. "Americans can’t afford politicians,
    especially a president, indebted to the oil industry."

    The contribution data, from election watchdog OpenSecrets.org,
    shows the oil and gas industry giving nearly $1.5 million to the
    industry’s top five recipients, also including John McCain and Bill
    Richardson. Richardson is governor of New Mexico, an oil producing
    state. (See more candidate contributions on front page of www.OilWatchdog.org.)

    Giuliani, however, has the closest ties to oil industry figures, developed since he was mayor of New York.

    His law firm, Houston-based Bracewell & Giuliani, has
    lobbied Texas legislators on behalf of Citgo Petroleum Corp., a
    Texas-based oil company ultimately controlled by Venezuelan President
    Hugo Chavez. The firm also has worked on behalf of Saudi Arabia’s oil
    ministry in a Texas court case, and its other legal clients include
    ChevronTexaco; BMB Munai, a developer of oil wells in Kazakhstan, and
    Statoil, a Norway-based oil and gas conglomerate.

    Giuliani Partners, the former mayor’s consulting business
    co-founded with Texas GOP fund-raiser Ray Bailey, held contracts to
    advise Entergy (a leading U.S. nuclear power plant operator) and
    Broadwater Energy, which hopes to build a liquefied-natural-gas
    terminal in New York’s Long Island Sound. Oilman T. Boone Pickens is a
    Giuliani fund-raiser. A Time Magazine article in March called Giuliani
    an "honorary Texas oil lawyer."

    Valero Energy, the largest North American oil refiner, has been
    a client of Bracewell & Giuliani and gave more than $14,000 to
    Giuliani’s campaign. And Giuliani has advised TransCanada Corp. and
    Shell Oil Co. on a plan to place a 1,215-foot-long barge on Long Island
    Sound to store liquefied natural gas.
    (Click here for sources and more details.)

    In just the last quarter, Giuliani received more than $10,000,
    according to Federal Election Commission data, in donations linked to a
    Swiss-based oil refiner, Petroplus, that has been expanding rapidly.

    The industry’s resistance on climate change, indifference to
    renewable fuels and profiteering at the gas pump has put oil money in
    the same class as tobacco money," said Dugan. "Returning these
    contributions would be the best signal by any candidate that he or she
    is really on the side of the consumer and the environment."

    – 30 –

    FTCR is California’s leading public interest watchdog. For more information, visit us on the web at: www.ConsumerWatchdog.org and also check our energy issues site: www.OilWatchdog.org.

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