Reliance Industries cuts down US lobbying to record low

Posted By: Religare
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Reliance Industries cuts down US lobbying to record low
Reliance Industries , which has been expanding its presence in the US, has surprisingly cut down its expenses for lobbying among the American law makers to a record low level.

The company has spent a total of USD 1,20,000 on lobbying in the US during the first quarter of 2011, the lowest amount for a quarter. Prior to the latest quarter, it has been spending USD 190,000 on lobbying. Ever since it has begun lobbying in the US in 2009 it has spent a total of USD 1.64 million. RIL lobbied for its case in domestic and foreign trade areas.

The company has expanding its US presence through shale gas asset purchases for its core energy business in recent months. 

Lobbying is legal in the US and all the lobbyists there are required to file a quarterly report with the Senate. This report has details about their clients, the departments with whom they were lobbying and the fees charged for the same. But it became an issue in the recent months after leakage of taped conversations a corporate lobbyist had with people from politics, business and media.

Read more about: ril, oil and gas, nse, bse
Story first published: Monday, May 9, 2011, 9:30 [IST]
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