Not for the first time, big energy companies have been caught spending millions trying to influence UK and European policy, including greenhouse gasย regulations.
The extent of the lobbying by the worldโs largest companies listed in the FTSE 100 was revealed in The Times thisย weekend.
Shell and BP are the biggest spenders of all FTSE 100 companies, collectively spending around ยฃ6 million over the past twoย years.
That includes spending on โintense lobbyingโ of โrecent emissions legislationโ, according to an analyst from transparency campaign group Corporate Europe Observatory, which spoke to Theย Times.
This is despite FTSE companies declaring less than ยฃ10,000 of European political and lobbying spending in their annual accounts, The Timesย claimed.
BP and Shell have a significant interest in the way policymakers choose to regulate theย industry.
Documents previously obtained by DeSmog UK showed the extent of BP and Shellโs privileged access and โstrategicโ relationship with the UKย government.
The companies recently received part of a ยฃ500 million government handout designed to โmaximise economic recoveryโ of North Sea oil andย gas.
The government is currently reviewing other ways to incentivise companies to continue drilling in the regionโs ever-depleting oil fields, with the industry asking for ever more generous tax breaks to keep them there and help decommission wells when they areย finished.
BP and Shell both have a stake in these reforms, with the famous Brent oilifled that the companies co-own due to be decommissioned over the comingย years.
Big six energy company Centrica was also named in The Timesย investigation.
Centrica co-owns a shale gas license in Preston New Road in Lancashire, with partnerย Cuadrilla.
The companies last week saw Communities Secretary Sajid Javid’s decision to overrule the local council to force through the companiesโ planning application upheld by the High Court. The companies now hope to make the site the first to successfully frack for shale gas in the UK in โa couple of monthsโ.
DeSmog UK and thinktank InfluenceMap previously revealed how energy companies funnel money in the UK parliament through the All Party Parliamentary Group (APPG) on Unconventional Oil andย Gas.
Centrica donated ยฃ2,500 to the APPG in 2016, with the Times calculating its total UK lobbying spend at ยฃ4,791 over the past two years. The UKโs grid operator, National Grid, also gave ยฃ55,035 to two APPGโs over the past two years, according to The Times โ to groups on carbon monoxide and corporateย responsibility.
Several big financial players have also donated largeย sums.
HSBC spent around โฌ1.75 million on European lobbying and a further ยฃ11,000 funding the APPG on China. It continues to bankroll the controversial Dakota Access and Kinder Morgan pipelines, DeSmog UK previouslyย revealed.
Insurance giant Aviva, which gave ยฃ3,595 to the APPG on Transport Safety and spent โฌ0.8 million on lobbying policymakers in Brussels, likewise holds stock in the companies behind theย pipelines.
Barclays also has a stake in the pipelines, and spent more than โฌ1.5 on European lobbying. The company also owns Third Energy, which has a licence to frack in Ryedale,ย Yorkshire.
Main image credit: Geraly via Pixabay CC.0
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