When the Citizens United decision came down in 2010, many feared the Supreme Court had unleashed vast and unfettered campaign contributions from corporations bent on tightening their hammerlock on government and politics.
That hasn’t happened as much as anticipated – yet. Individual billionaires and millionaires have dominated the scene instead. Perhaps it’s in part because some corporations dipping their toes into new modes of campaign funding have been rebuffed by hostile consumer and stockholder reaction: witness the backlash in 2010 when Target contributed $150,000 to a 501(c)(4) supporting anti-gay rights gubernatorial candidate Tom Emmer in Minnesota.
But other corporate giants seem to have no such qualms about negative public feedback. Chevron, for example. Based in California, the multinational energy company is the third largest producer of crude in the world and greedily grateful for ongoing, generous subsidies from Congress.
According to the Los Angeles Times, “In 2013, its revenue topped those of Warren Buffett’s Berkshire Hathaway Inc., Apple Inc. and General Motors Co., trailing only retailer Wal-Mart Stores Inc. and rival Exxon Mobil Corp… In August, Chevron reported $57.9 billion in revenue for the second quarter, which ended June 30.”