E&E News reports that the lobbyist is no longer with the company. The lobbyist called Manchin the "Kingmaker" and said he spoke to the senator's office on a weekly basis.Īfter publication of this story, a Manchin spokeswoman told CNBC that the Exxon lobbyist "greatly exaggerated" his influence with Manchin's team. A senior Exxon lobbyist was caught on camera by the U.K.'s Channel 4, saying that Manchin was one of his top targets. Manchin is the chair of the Senate's Energy and Natural Resources Committee. Since the 2012 election cycle, Manchin has received just more than $12,000 from the Exxon Mobil political action committee, according to data from the nonpartisan Center for Responsive Politics. Exxon Mobil's oil and gas fracking subsidiary, XTO Energy, has operations in West Virginia. The state is home to part of the Marcellus Shale, a geological formation that also serves as one of the biggest natural gas fields in North America. They have also called for increased fees on the fossil fuel industry, while they are divided over whether to include a carbon tax.Īny overhaul will require support from Manchin, whose home state of West Virginia is a large producer of fossil fuels such as coal, natural gas and oil. less competitive."ĭemocrats have proposed raising the corporate tax rate from 21% to 26.5% as a way to help pay for the bill. "ExxonMobil stands by our position that increased taxes on American businesses make the U.S. businesses, and we have made that position known publicly," Exxon spokesperson Casey Norton told CNBC following the publication of this article. "Our lobbying efforts are related to a tax burden that could disadvantage U.S. The spots pushing opposition to raising taxes on businesses also ran before the prior-week period. The recent $275,000-plus ad buy is part of $2 million Exxon has spent on Facebook ads over the past 90 days. One of those advertisements says, "Tell Congress no tax hikes." After a user clicks the ad, it reads, "Contact your elected officials today and let them know you oppose the proposed tax increases on American businesses." At least six of the ads ran from Friday through Monday, although they are now inactive. The ads don't mention President Joe Biden or the Democrats. Democratic leaders hope to pass the legislation within weeks. The final shape of the bill has yet to be determined, although it is expected to include measures to boost child and elder care, and policies aimed at cutting carbon emissions. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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