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GOP Rep. Scott Tipton Takes Campaign Contributions From Oil Companies He Owns Financial Stake In

By Rebecca Leber  

"GOP Rep. Scott Tipton Takes Campaign Contributions From Oil Companies He Owns Financial Stake In"

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Rep. Scott Tipton (R-CO) relies on campaign contributions from some of the same oil and gas companies that he has a financial stake in.

During the first three months of 2012, Tipton raised $31,600 a week, relying heavily on large campaign and corporate contributions. Public Campaign reports that one-third of Tipton’s first quarter fundraising comes from corporate PACs and party committees, while only 14 percent comes from small donors of less than $200.

His backers include companies with some of the deepest pockets in the world, such as the oil giants ExxonMobil (which donated $5,000), Chevron ($3,000), Koch Industries ($3,000), and BP ($1,000). He has also taken thousands from coal companies, like Arch Coal ($2,000) and Oxbow Carbon ($1,000).

Tipton’s financial disclosure forms show he owns stakes in Exxon, Royal Dutch Shell, and BP.

Just last week, the congressman, who has been a vocal proponent of oil interests on the Hill, sponsored legislation requiring the Interior Department to develop a pro-oil drilling plan for public lands every four years.

Tipton, a freshman flushed into office in 2010 wave, is facing a tough reelection battle this year from state Rep. Sal Pace (D) in a race that is likely to attract national attention.

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