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Oil Group Starts Political Giving as Congress Eyes Subsidies

The American Petroleum Institute, the largest oil and gas industry trade group, will start backing political candidates this year as the U.S. considers repealing $46 billion in subsidies and imposing pollution rules.

The group, whose members include Exxon Mobil Corp. and Chevron Corp., would make donations separately from industry executives and employees, who gave $27.6 million mostly to Republican candidates for Congress last year, according to the Center for Responsive Politics in Washington. API has paid for advertising on policy issues and to lobby on legislation.