BP Corporation PAC Turns Off Flow of Contributions to Candidates
Posted at 2:04 p.m. on April 19, 2013
BP Corporation PAC completely turned off its flow of contributions to federal candidates and committees during March, even though it had $325,513 in cash on hand on March 31. The flow was down to a drip in January when the PAC gave out $4,000, and in February it gave out only $1,000. However, receipts of executive and employee contributions into the PAC have been fairly consistent at a little less than $20,000 a month.
The PAC reached its peak in giving during 1985-1986 when it gave out $351,476 to candidates and committees. During the 2011-2012 cycle it gave out $212,000, with 73 percent going to Republicans. See 2011-2012 PAC financial profile. In the 2009-2010 cycle, BP had its oil spill in the Gulf of Mexico and the PAC gave out only $79,000 to federal candidates and committees.
The General Motors Company PAC reported it gave out $64,250 to federal candidates and committees in March. They have given out $151,750 so far this year. In 2011-2012, the PAC gave out $524,800 to federal candidates and committees, with Republican being given 63 percent. In 2009-2010, GM received the government bailout and the PAC gave out only $346,000 to federal candidates and committees.
In other PAC filings reporting on March activity:
The International Brotherhood of Electrical Workers PAC gave out $287,100 to federal candidates and committees. New York Life Insurance Company PAC gave out $285,000. Employees of Northrop Grumman Corporation PAC gave out $240,750. Wal-Mart Stores Inc. PAC for Responsible Government gave out $192,500. Koch Industries Inc. PAC gave out $191,500. The Wine and Spirits Wholesalers of America Inc. PAC gave out $184,000. BNSF Railway Company RAILPAC gave out $181,500. The United Food and Commercial Workers International Union Active Ballot Club gave out $175.000.