Chevron Corporation Donates to Congressional Leadership Fund

In Citizens United v. Federal Election Commission and subsequent rulings, the courts have upended the campaign finance system by making it easier for corporations, unions and wealthy individuals to spend money directly on elections. In spite of the Democrat's dire warning that corporations would buy elections very few publicly traded corporations have donated to political action committees.

Chevron Corporation has become the first major publicly traded company to wade into partisan politics with a donation of $2.5 million to the Congressional Leadership Fund, a super PAC focused on House races with close ties to Speaker John Boehner. Chevron explained its position thus;

“Chevron exercises its right to participate in the political process through various contributions. All of our political contributions are fully disclosed. We support political initiatives and candidates committed to economic development, creating affordable energy, strengthening American businesses, and delivering good government.”

 Maybe the Democrats do have cause to worry. If the oil companies can offset the power of not for profit foundations to strangle energy production in this country it could spell the end to our contrived energy shortage.