Election 2008

energy companies, campaign donations, colorado
Javier Manzano, Pool/AP
Democratic congressman Mark Udall, Col.

Energy Companies, Environmental Groups Following Colorado Senate Race

August 19, 2008 11:11 AM
by Lindsey Chapman
For politicians, the campaign donations they receive tend to reflect their stances on various issues.

Supporting the Candidates

Financial contributions to Colorado’s senate candidates are giving some indication of how energy issues are affecting the political arena, says The Denver Post.

Mark Udall, a Democrat, received $116,324 from environmental groups between 2007 and June 2008—more than any other candidate nationwide. Meanwhile, companies like Chevron, ConocoPhillips and Exxon Mobil have contributed $104,900 to Republican candidate Bob Schaffer, but just $15,500 to Udall.

The contributions indicate what positions the candidates are known for, explains Jennifer Duffy, an analyst for The Cook Political Report. “It says something about the focus on Colorado, generally, in this election,” Duffy explained. “It’s a targeted state.”

Among the 80 largest industry campaign contributors, the oil and gas industry ranks 16th; environmental groups rank 71st, and have donated most of their money to Democratic candidates.

Oil companies tend to support Republicans, according to Bloomberg.com, and if the Democratic Party takes control of the White House, “things may get worse” for these energy producers. The agricultural industry recently saw a $289 billion farm bill pass despite a veto from President Bush.

Nationwide, energy companies are pressing to stop farmers from making as much corn-based ethanol as they have been. “While farmers and oil companies are both reaping record profits from rising commodity prices, Archer Daniels Midland Co. and farmers’ groups are proving more adept than Exxon Mobil Corp. and its fellow oil companies at bending Washington to their will,” according to Bloomberg.com.

Related Topic: Colorado energy issues


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