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Energy Industry Places Big Bets on Republican Senate Victory
"The giving pattern represents a departure from the typical model followed by business PACs, which tend to donate to incumbents and split their checks between the two parties at closer margins."
http://www.businessweek.com/news/2014-06-05/energy-industry-placing-big-bets-on-republican-senate-win
Energy Industry Places Big Bets on Republican Senate Victory
By Laura Litvan June 05, 2014
Energy companies are giving more to Republicans to help them win a U.S. Senate majority and counter President Barack Obama’s environmental agenda.
<snip>
Six Seats
Republicans need a net gain of six seats to wrest Senate control and the partisan tilt of the donations coincides with Obama’s efforts to combat climate change. This week, the White House unveiled new rules targeting coal-fired power plants, and the president has faced criticism for delaying a decision on building the Keystone XL oil pipeline.
Energy companies are also seeking to force Senate action on legislation that has already passed the Republican-controlled U.S. House.
Majority Leader Harry Reid, a Nevada Democrat, last month blocked final votes on a Republican proposal that would force the Energy Department to approve natural gas exports to certain nations. He also resisted a measure that would bypass Obama and approve TransCanada Corp. (TRP)’s cross-border pipeline.
<snip>
The giving pattern represents a departure from the typical model followed by business PACs, which tend to donate to incumbents and split their checks between the two parties at closer margins.
<snip>
Energy Industry Places Big Bets on Republican Senate Victory
By Laura Litvan June 05, 2014
Energy companies are giving more to Republicans to help them win a U.S. Senate majority and counter President Barack Obama’s environmental agenda.
<snip>
Six Seats
Republicans need a net gain of six seats to wrest Senate control and the partisan tilt of the donations coincides with Obama’s efforts to combat climate change. This week, the White House unveiled new rules targeting coal-fired power plants, and the president has faced criticism for delaying a decision on building the Keystone XL oil pipeline.
Energy companies are also seeking to force Senate action on legislation that has already passed the Republican-controlled U.S. House.
Majority Leader Harry Reid, a Nevada Democrat, last month blocked final votes on a Republican proposal that would force the Energy Department to approve natural gas exports to certain nations. He also resisted a measure that would bypass Obama and approve TransCanada Corp. (TRP)’s cross-border pipeline.
<snip>
The giving pattern represents a departure from the typical model followed by business PACs, which tend to donate to incumbents and split their checks between the two parties at closer margins.
<snip>