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Mitt Romney

Mitt Romney in the Tank for Big Oil

Were you kidding about buying Romney's rhetoric? If so, click here to get involved in our efforts to defeat Mitt Romney in November.

If not, here are some facts you might want to know about Mitt Romney's record before hitting the polls:

Big Oil has put big money behind Romney:

The oil and gas industry gave Romney nearly $10 million in just one week. The New York Times reported, “Just this week, the oil and gas industry gave nearly $10 million toward the Romney election effort in two fund-raisers.” [New York Times, 8/24/12]

The Koch brothers have pledged more than $200 Million with “focus” on defeating Obama. According to Politico, “The billionaire industrialist brothers David and Charles Koch plan to steer more than $200 million — potentially much more — to conservative groups ahead of Election Day, POLITICO has learned… at the latest installment of the twice-a-year gatherings of major donors sponsored by the Koch brothers’ privately owned oil, chemical and consumer products company, Koch operatives signaled they ‘are going to focus a great deal on the presidential race,’ according to someone who attended the meeting.” [Politico, 10/10/11]

Romney would protect oil companies’ $4 billion in annual taxpayer-funded subsidies, despite record industry profits:

Romney’s tax plan would nearly double amount of taxpayer-funded subsidies for the biggest oil companies.  According to a Center for American Progress analysis, “Republican presidential candidate Mitt Romney’s economic plan slashes corporate tax rates while failing to identify a single corporate tax loophole to eliminate. Highly profitable large oil companies that already enjoy lucrative tax breaks stand to receive some of the biggest benefits from Gov. Romney’s plan. The world’s five biggest public oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell—would keep special tax breaks worth $2.4 billion each year. And by cutting corporate tax rates, the Romney plan could lower the companies’ annual tax bill by another $2.3 billion, based on an analysis of the companies’ tax expense for 2011. The special tax breaks, supplemented by Gov. Romney’s lower corporate rates, could benefit the oil companies by more than $4 billion annually.” [Center for American Progress Action Fund, 7/26/12]

Romney sought advice from Big Oil executives on what to include in his energy plan:

NY Times: Romney constructed energy plan “in consultation” with Big Oil executives. The New York Times reported, “An individual close to the Romney campaign said that Mr. Romney’s staff drafted the proposal in consultation with industry executives, including Harold Hamm, an Oklahoma billionaire who is the chairman of the campaign’s energy advisory committee and chief executive of Continental Resources, an oil and gas driller. Just this week, the oil and gas industry gave nearly $10 million toward the Romney election effort in two fund-raisers.” [New York Times, 8/24/12]

Romney wants to block the EPA from regulating mercury, carbon emissions:

Romney said it’s a “mistake” to have EPA regulate carbon emissions. According to Politico: “Mitt Romney says he doesn’t think carbon pollution threatens human health and would not green-light EPA climate regulations if he were in the White House…"I think we may have made a mistake," Romney said Thursday in response to a voter's question about EPA regulating air pollution from coal plants under the Clean Air Act. "We have made a mistake is what I believe, in saying that the EPA should regulate carbon emissions. I don’t think that was the intent of the original legislation, and I don’t think carbon is a pollutant in the sense of harming our bodies.’” [Politico, 7/18/11]

Romney would eliminate investments in clean technology – and routinely mocks renewable energy:

Romney wants to end wind production tax credit (PTC).  The Des Moines Register reported, “The lines are now drawn on a political hot button in Iowa: a lucrative tax break for wind energy. Mitt Romney is against it, President Barack Obama favors it — opposing stances that could have political and economic implications in Iowa, which has more wind energy jobs than any other state in the nation. … Romney aides spelled out the GOP presidential candidate’s position in a statement Monday, drawing criticism from at least one Republican elected official in Iowa. Shawn McCoy, a spokesman for Romney’s Iowa campaign, told The Des Moines Register, ‘He will allow the wind credit to expire, end the stimulus boondoggles, and create a level playing field on which all sources of energy can compete on their merits. Wind energy will thrive wherever it is economically competitive, and wherever private sector competitors with far more experience than the president believe the investment will produce results.’ ” [Des Moines Register, 7/30/12]

Romney declared wind and solar power are not “real energy.” In an op-ed in the Columbus Dispatch, Romney wrote: “In place of real energy, Obama has focused on an imaginary world where government-subsidized windmills and solar panels could power the economy." [Columbus Dispatch, 3/5/12].

Romney has rejected the scientific consensus on climate change:

Romney claimed “we don’t know what’s causing climate change.” As Think Progress documented, during a campaign appearance in Pittsburgh, Romney “reversed his earlier stance on climate change pollution and rejected man-made global warming.”  Romney stated: “My view is that we don’t know what’s causing climate change on this planet. And the idea of spending trillions and trillions of dollars to try to reduce CO2 emissions is not the right course for us.” [Think Progress, 10/28/11].

Romney opposes federal fuel efficiency standards:

Romney pledged to eliminate existing fuel efficiency standards. Think Progress reported, “In a Fox News interview hosted by Mike Huckabee, Republican presidential candidate and former Massachusetts Gov. Mitt Romney pledged to overturn existing fuel economy standards that reduce global warming pollution.” The article quoted Romney as saying, “I would get the EPA out of its effort to manage carbon dioxide emissions from automobiles and trucks.” [Think Progress, 12/5/11]

Romney said new fuel efficiency standards are “not the right approach.” The Detroit News reported, “In June, Republican presidential candidate Mitt Romney told The Detroit News he would reconsider what Obama has called one of his key domestic achievements: nearly doubling fuel-efficiency requirements to 54.5 mpg by 2025. Romney said he'd seek ‘a better way of encouraging fuel economy’ than corporate average fuel efficiency (CAFE) mileage requirements ‘as the sole or primary vehicle,’ he said. ‘The best approach is to try and build vehicles that people want, rather than having the government telling the companies what they must make,’ he said. ‘I would work with the manufacturers to find ways to encourage fuel economy on the part of the consumer. But trying to have the manufacturer push the product on the consumer — that the consumer doesn't want — is not the right approach.’" [Detroit News, 7/18/12]


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