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Half a Billion Dollars Gets You a Gentler Climate Plan

The silhouettes of emissions are seen rising from stacks of the Duke Energy Corp. Gibson Station power plant at dusk in Owensville, Indiana, U.S., on Thursday, July 23, 2015.

The silhouettes of emissions are seen rising from stacks of the Duke Energy Corp. Gibson Station power plant at dusk in Owensville, Indiana, U.S., on Thursday, July 23, 2015.

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There could be half a billion reasons for the concessions President Barack Obama’s clean-power plan made to a defiant energy industry.

Electric utilities, oil companies and their allies spent $502 million on lobbying in the year since the Environmental Protection Agency proposed new regulations on carbon emissions from power plants, according to disclosures reviewed by Bloomberg. That’s 22 times more than renewable energy companies and environmentalists spent.