DENVER – Today, Colorado Ethics Watch released Money Spill, a follow up to the organization’s 2013 Spend, Baby, Spend report, this time revealing significantly increased spending by the oil and gas industry during the 2014 election cycle compared to previous years.
While the 2013 report showed that oil and gas spent more than $800,000 on Colorado state elections (not including United States Senate or Congressional elections) over two election cycles (2010 and 2012), Money Spill shows that the industry spent a whopping $11.79 million on the 2014 election for Colorado state offices.
The vast majority of the spending came from a ballot issue committee formed to oppose anti-fracking initiatives that never made the ballot. Even outside of that issue committee, however, oil and gas election spending jumped – from approximately $400,000 to candidates, PACs, 527s and political parties for the 2010 and 2012 election cycles to more than $914,000 in 2014.
“Looking only at disclosed spending – not spending by dark-money nonprofits or trade associations – 2014 saw a titanic money spill compared to election spending by the oil and gas industry in the past,” said Luis Toro, director of Colorado Ethics Watch. “Our hope is that by shining a light on the oil and gas industry’s investment in the outcome of Colorado’s recent elections, citizens will be better able to hold public officials accountable if they put private industry’s interests over the common good.”
For the complete report, or for more information on Colorado Ethics Watch, visit here.
Colorado Ethics Watch is a non-profit, legal watchdog group dedicated to identifying and exposing ethics issues in city, county and state governments in Colorado, ultimately holding public officials accountable. Colorado Ethics Watch is the only state-specific project of Citizens for Responsibility and Ethics in Washington (CREW). For more information, please visit www.coloradoforethics.org or call (303) 626-2100 or e-mail email@example.com.
By Colorado Ethics Watch