News Release

Has the Infrastructure Deal Become the #ExxonPlan?

BASAV SEN, basav@ips-dc.org@BasavIPS
Sen is director of the Climate Policy Project at the Institute for Policy Studies. He just wrote the piece “Biden should reject the infrastructure plan written by Exxon and invest in saving the climate instead” for MarketWatch, which states: “Recently, Exxon Mobil [XOM, -1.18%] lobbyists were caught on video bragging about stripping renewable energy from the infrastructure proposal and turning the package into a ‘highway bill’ — with $109 billion for the highway infrastructure that perpetuates the captive market for Exxon’s products.

    “The lobbyists revealed that they specifically targeted 11 senators for lobbying — including several Democrats who signed on to the bipartisan deal.

“They backed that lobbying with plenty of campaign cash — a total of $333,000 from Exxon and its hired guns over the last decade to just the six Democrats that Exxon targeted. So it was for a very good reason that the bipartisan deal has been ridiculed on social media as the #ExxonPlan.”