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
10 Dec 2021 15:29

Belarus oil firm cancels 2022 exports to Germany after EU sanctions - traders

MOSCOW, Dec 10 (Reuters) - Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company, three traders familiar with the matter said on Friday.On ...

Read more
10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

Read more
10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

Read more
10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

Read more
10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

Read more
10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

Read more
9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

Read more
9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

Read more
5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

Read more
3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

Read more
3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

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.