Leaked e-mail shows how GE profits from climate,energy bills

July 29, 2010 17:48

“On climate change,” Rice wrote, “we were able to work closely with key authors of the Waxman-Markey climate and energy bill, recently passed by the House of Representatives. If this bill is enacted into law it would benefit many GE businesses.” Millions spent in lobbying to get billion$ of your tax dollars.

By: Timothy P. Carney at Washington Examiner

“The intersection between GE’s interests and government action is clearer than ever,” General Electric Vice Chairman John G. Rice wrote in an Aug. 19 e-mail to colleagues.

Rice was calling on his co-workers to join the General Electric Political Action Committee. “GEPAC is an important tool that enables GE employees to collectively help support candidates who share the values and goals of GE.”

The full letter suggests that “share the values and goals of GE” really means “support policies that profit the company.””


From OpenSecrets.org

“One of the highest spenders on lobbying last quarter was General Electric. Along with its subsidiaries, General Electric spent more than $9.5 million on federal lobbying between April and June — the most it has incurred in lobbying expenses while Obama has been in office.

Since January, General Electric and its subsidiaries has spent more than $17.6 million on lobbying — an increase of 50 percent more than what it spent during the first six months of 2009.”

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