Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

U.S. firms lead EU lobbying league

Thu, 30th Apr 2015 17:58

* U.S. companies dominate top spending rankings * Tech rivals Microsoft, Google among big lobbiers * Oil giants maintain high spending, Deutsche Bank grows * Data deadline was first since registration mandatory By Alastair Macdonald BRUSSELS, April 30 (Reuters) - U.S. companies, includingtech rivals Microsoft and Google, were amongleading spenders on corporate lobbying in Brussels last year, aReuters review of new data showed (table below). Companies had until Thursday to update public entries in theEuropean Union's newly revamped Transparency Register followinga tightening of rules in January that obliges firms to registerif they want to meet EU commissioners and senior staff. Oil majors Exxon Mobil of the United States andAnglo-Dutch Shell shared the top spot with Microsoft,with reported spending in their last financial years of between4.5 and 4.5 million euros ($5.0-5.6 million). Those figures were broadly in line with the trio's spendingin previous filings recorded in January by researchers atanti-corruption group Transparency International -- theCommission itself does not provide comparative data withprevious years. However, some of the other big spenders recorded sharpincreases, including Google and Germany's Deutsche Bank, whichdoubled their expenditure, U.S. chemicals group Dow, whichrecorded four times the level of spending as its previous entry. None of the companies listed offered comment. Google, subject of a high-profile antitrust case launched bythe Commission two weeks ago after a five-year investigation,spent 3.0-3.5 million euros ($3.4-3.9 million), the same as Dow. Microsoft, which has itself been fined heavily in thepast by EU antitrust authorities, has been prominent among thosepursuing complaints against its American rival Google. Two German companies were among those which spent 3 millioneuros or more last year. Deutsche Bank was the fourthbiggest spender, reporting lobbying activity worth 3.96 millioneuros, and engineer Siemens spent 3.23 million. China's tech leader Huawei Technologies reportedspending of 3.0 million euros in 2014. That was the same as ithad previously reported as spending in its 2012 fiscal year. DATA QUALITY IMPROVING Also reporting spending of 3.0 million was paij GmbH, aGerman company that sells a mobile payments app and which putitself on the Register for the first time in March. Officials atthe company could not immediately be reached for comment. U.S. engineering firm General Electric reported lobbyspending in the EU of 3.25-3.50 million euros for 2013. No 2014data appeared on its page on the Transparency Register. Transparency International's Daniel Freund said some changesin data filed appeared to reflect a recognition among companiesthat the Register now set more rigorous reporting requirements.Over 1,000 organisations registered for the first time afterJan. 27, when it became a condition for access to officials. "The data quality seems to be getting better," Freund said,while noting that the Register only went some way to clarifyinghow much effort was going in to lobbying in Brussels and sayingthat the Commission appeared to have so far put only limitedstaff resources into scrutiny of the accuracy of entries. Other organisations, including non-governmental pressuregroups, must also declare spending. Environmental lobbyGreenpeace, for example, declared 1.0-1.25 million euros in2013. A second element of transparency introduced under EuropeanCommission President Jean-Claude Juncker since he took office inNovember is a register of contacts by commissioners and seniorstaff with companies, lobby groups and their representatives. Transparency International research found U.S. firms Google,Microsoft and General Electric, as well as European planemakerAirbus, were among the most active in visiting top EU officialssince such meetings first had to made public in December. Company Nationality 2014 spend Previous (EUR mln)* spend** 1= ExxonMobil U.S. 4.5 - 5.0 4.75 - 5.0 Microsoft U.S. 4.5 - 5.0 4.25 - 4.75 Shell UK/Netherlands 4.5 - 5.0 4.25 - 4.5 4 Deutsche Bank Germany 3.96 1.99 5= Dow U.S. 3.5 - 4.0 0.8 - 0.9 Google U.S. 3.5 - 4.0 1.25 - 1.5 7 Siemens Germany 3.23 4.36 8= Huawei China 3.0 3.0 paij Germany 3.0 n/a General Electric U.S. n/a 3.25 - 3.5 *Source: Transparency Register; **Source: TransparencyInternational($1 = 0.8934 euros) (Reporting by Alastair Macdonald; @macdonaldrtr; Editing byElaine Hardcastle)

More News
16 Dec 2021 22:13

UPDATE 3-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds bakground from Pemex source)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican state...

Read more
16 Dec 2021 22:13

UPDATE 2-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds approval expected by Jan. 13)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican stat...

Read more
16 Dec 2021 14:42

Latin American oil auctions kick off after two-year lull

* 11 firms registered to bid in Brazil's auction on Friday* Competition expected to be fiercest since 2018* Seven Latin American nations to hold auctions in 2022-2023By Marianna Parraga and Sabrina ValleHOUSTON, Dec 16 (Reuters) - Latin America's oil...

Read more
15 Dec 2021 12:16

Five companies seek to develop CO2 storage off Norway

OSLO, Dec 15 (Reuters) - Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in th...

Read more
15 Dec 2021 10:10

UPDATE 2-FTSE dips as inflation surges to 10-year high

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* IAG down on plans to cancel Air Europa acquisition* Rentokil falls for second day on M&A plans* Inflation jumped to 5.1% in Nov vs. 4.2% in...

Read more
15 Dec 2021 09:33

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

Read more
14 Dec 2021 09:40

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

Read more
13 Dec 2021 16:10

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
13 Dec 2021 11:48

Brazil's oil regulator approves Mero oilfield production agreement

SAO PAULO, Dec 13 (Reuters) - Brazilian state-run oil company Petrobras said on Monday that the country's oil regulator ANP has approved a production agreement for the Mero oilfield, deciding on which stake of its oil and gas output will be hold ...

Read more
13 Dec 2021 10:16

UPDATE 2-Energy, bank stocks drag London's FTSE 100; Omicron fears weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Purplebricks plunges after delaying results* SThree drops as CEO steps down* FTSE 100 down 0.8%, FTSE 250 off 1.2% (Updates to close)By Ba...

Read more
13 Dec 2021 07:22

Qatar Energy acquires 17% stake in Shell-operated concessions in Egypt

DUBAI, Dec 13 (Reuters) - Qatar Energy will acquire a 17% stake in two Shell-operated concessions (Block 3 and Block 4) in Egypt's Red Sea region, Shell Egypt said on Monday.Shell will remain the main operator of the concessions, Shell Egypt's st...

Read more
12 Dec 2021 14:00

Activist group targets Exxon with shareholder climate resolution

* Follow This targets Exxon for first time* Dutch group also targets other energy companiesBy Ron Bousso and Sabrina ValleLONDON, Dec 12 (Reuters) - Climate activist group Follow This targeted Exxon Mobil Corp with a shareholder resolution urging i...

Read more
10 Dec 2021 23:26

UPDATE 1-Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

(Adds no reply from company)HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, sa...

Read more
10 Dec 2021 20:44

Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, said sources familiar with pl...

Read more
10 Dec 2021 16:57

Can we still be friends? Shell sends Dutch PM parting note

By Toby SterlingAMSTERDAM, Dec 10 (Reuters) - On the day that shareholders of Royal Dutch Shell PLC voted to move the company's headquarters to London https://www.reuters.com/markets/europe/royal-dutch-shell-plc-shareholders-set-approve-move-london...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.