Nevada Senate candidate Adam Laxalt defends big oil companies in the face of soaring gas prices

The Republican nominee got much of his corporate PAC funding from the fossil fuel industry.

Nevada Republican Senate candidate Adam Laxalt has spent the past few weeks falsely claiming that the fossil fuel sector and Russia’s invasion of Ukraine are blameless for rising gas prices – not to mention that Much of his campaign funds came from oil and gas interests.

According to the Federal Election Commission depositsnearly all of Laxalt’s corporate PAC contributions come from fossil fuel companies or companies that make money from the energy sector.

Gas prices have risen since former President Donald Trump took office as demand surged after the early days of the coronavirus pandemic. After Russian President Vladimir Putin’s decision to invade Ukraine and President Joe Biden’s subsequent decision ban on Russian oil imports, reduced supplies caused prices to soar sharply. According AAAaverage gasoline prices are $4.919 per gallon nationwide and $5.525 in Nevada, up about $1.87 from a year ago.

As consumers pay more, oil and gas companies have reaped massive profits. But Laxalt has tried to blame the rise in gas prices on Biden and Sen. Catherine Cortez Masto (D-NV), whom he is running to oust in November.

“When you see President Biden get up there and Senator Masto and they start talking about Putin’s price hike. More recently, Senator Masto and the Democrats are blaming greedy oil executives for our gas prices” , Laxalt said at a May 27 campaign event. “Recently they’ve been blaming meat conglomerates for the price of meat and everything going up. How much more evidence are they going to do?”

“That means your gas is $5.60 a gallon in Las Vegas. It’s not Putin’s fault, is it? It’s not greedy oil executives like Catherine Cortez Masto who are now claiming that it’s Big Oil’s fault,” Laxalt said a day later at another campaign event.

“If someone complains to you about gasoline, make sure they say – make sure you confront them, ‘It’s not Putin’s price hike. It’s not oil executives This is the Democrats today,” he said in another appearance that day.

Friday, Laxalt Told far-right radio host Wayne Allyn Root“All this Putin’s price hike and these oil-hungry leaders. And if it’s not them, then it’s the meat industry. I mean, all they do is point finger, rather than pointing fingers at each other.”

A former Nevada attorney general, unsuccessful gubernatorial candidate and Nevada co-chairman of Trump’s failed 2020 re-election campaign, Laxalt is favored to win next Tuesday’s GOP Senate primary.

But his defense of the oil and gas industry is not impartial.

Laxalt is mandatory financial disclosure The form filed in May shows he and his wife own between $16,002 and $65,000 in Chevron stock and tens of thousands more in other fossil fuel investments.

Since losing his gubernatorial race in 2018, Laxalt has been paid more than $3.7 million for working at Cooper & Kirk, a prominent conservative law firm that complaints to be “the ‘governing company’ to sue the federal government”.

Although he did not disclose his own list of clients and his campaign did not immediately respond to a request for this story, the company says it has represented several energy companies. A Cooper & Kirk the partners biographical notes The law firm’s current clients include Shell Oil Company, Atlantic Richfield, Union Oil Company, Texaco and affiliates of Chevron, each of which disputes environmental cleanup costs.

Last year Chevron would have done $15.6 billion in earnings – the company’s best year since 2014, according to the Wall Street Journal. The gasoline giant reported a $6.3 billion earnings in the first quarter of 2022 only. Other leading oil companies have also released massive profits so far this year.

But rather than acknowledge those factors, Laxalt has repeatedly used gas prices to demonize Biden, Cortez Masto and other Democratic lawmakers for supporting efforts to curb climate change and safety regulations for oil production. and gas.

‘Biden is using high gas prices to coerce the American people into accepting his far-left climate agenda,’ he falsely claimed in March. Tweeter. “He, and any of his Democrats [sic] catalysts, literally make us pay the price for political gain. »

This is not the first time that Laxalt has defended the fossil fuel industry from which it benefits. As state attorney general, he would have worked to protect ExxonMobil of a multi-state fraud investigation.

Meanwhile, Cortez Masto has both supported legislation to reduce gas costs in the short term and promote climate-friendly policies in the long term.

In April, she and Senator Ben Ray Luján (D-NM) introduced the Fair and Transparent Gas Pricing Act, a bill to give the Federal Trade Commission more power to crack down on price gouging by oil and gas companies.

On his campaign problem pageshe also notes her work as a “renewable energy champion, leading the fight for a solar tax credit that helps fight climate change and create jobs in Nevada.”

Published with permission of the American Independent Foundation.

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