Subject: [big campaign] IT'S A GUSHER: New Report on McCain's Big Oil Money
From: David Donnelly <[email-masked]>
To: "[email-masked]" <[email-masked]>
Date: Thu, 31 Jul 2008 11:41:15 -0400
List-Id: <bigcampaign.googlegroups.com>

All,

Here¹s our press release below on our new report. The report can be found at
http://www.campaignmoney.org/mccainoil.

DD

FOR IMMEDIATE RELEASE
Thursday, July 31, 2008

CONTACT
David Miller, Communications Manager
(202) 448-6154

McCain Strikes It Rich After Offshore Drilling Reversal
Big Oil execs reward policy shift with millions in contributions

Washington, D.C.  When Sen. John McCain (R-AZ) announced his support for
offshore oil drilling in June, he did more than change a long-held position
 he also benefited from a gusher of campaign cash from Big Oil donors,
according to a new Campaign Money Watch analysis, It¹s A Gusher: As John
McCain Fights For Big Oil, They Open Their Wallets.

The report, released Thursday by the nonpartisan campaign finance watchdog,
found that after McCain¹s June 16 reversal on offshore drilling, Big Oil
interests generously filled the McCain-Republican National Committee joint
fundraising account. The report can be found online at
http://www.campaignmoney.org/mccainoil.

The findings in It¹s A Gusher include:

·     In Texas alone, oil-related donors gave $1.2 million to McCain¹s
Victory ¹08 Fund in June, with 73 percent coming after his reversal on
offshore drilling.

·     After McCain¹s shift, oil executives and their spouses from Colorado,
Mississippi, Louisiana, California, Indiana, New Jersey, New York, and
Florida gave donations between $5,000 and $100,000.

·     Ten New Jersey and New York based Hess oil executives and family
members made identical donations of $28,500 apiece after McCain¹s reversal,
totaling $285,000 for the campaign.

·     Thirty-three McCain staffers and fundraisers have received a total of
$19.3 million in lobbying fees from oil industry clients over the last ten
years.

³This report shows a connection between Sen. McCain¹s shift in support of
oil drilling and donations from Big Oil that can¹t be dismissed as mere
coincidence,² said David Donnelly, director of Campaign Money Watch. ³John
McCain¹s reversal won¹t lower gas prices anytime soon, but it did
immediately generate millions of dollars in campaign donations.²

The June campaign finance figures in the report are based on original
research of FEC filings by Campaign Money Watch. The other campaign finance
and lobbying figures were based on a Campaign Money Watch analysis of data
provided by the Center for Responsive Politics, a nonpartisan organization
that tracks money in politics and lobbying.

Campaign Money Watch is a project of the nonpartisan Public Campaign Action
Fund. The organization works to hold candidates who are against reform
accountable for where they get their political donations.

### 

 

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