Political Influence
AEP's political action committee, the American Electric Power Committee for Responsible Government, has increased spending since the 1998 election cycle, reaching $1.4 million in contributions in 2007-2008, 57 percent to Republicans. Also in 2008, American Electric Power significantly increased lobbying expenditures from less than $2 million a year to over $11 million, as climate legislation became a key issue in Washington. As of December 2011, lobbying expenses remained between $6 million and $10 million per year.
In 2009, AEP CEO Michael Morris contributed $100,000 to Newt Gingrich's American Solutions for Winning the Future, which supports increased oil drilling and opposes mandatory limits on greenhouse gas pollution. American Electric Power is also a member of the American Coalition for Clean Coal Electricity, a lobbying and marketing organization which opposes President Obama's climate and clean energy legislation.
Read more about this topic: American Electric Power
Famous quotes containing the words political and/or influence:
“He is unable to take a fact out of its merely political relations, and behold it as it lies absolutely to be disposed of by the intellect,—what, for instance, it behooves a man to do here in America to-day with regard to slavery.”
—Henry David Thoreau (1817–1862)
“You can never really live anyone else’s life, not even your child’s. The influence you exert is through your own life, and what you’ve become yourself.”
—Eleanor Roosevelt (1884–1962)