Energy, Mining & Utilities
Danny Williams may be a multimillionaire and a member of the Conservative Party of Canada, but these days he is being compared to a self-proclaimed revolutionary, the Venezuelan president, Hugo ChÃ¡vez.
United Nations sanctions against Saddam Hussein may have failed to end his regime but they succeeded in enriching both the Iraqi dictator and corporations able to manipulate the scandal-ridden world body's Oil-for-Food program. Among the profiteers was the Australian Wheat Board, a former state-owned monopoly, which funneled over $200 million into Saddam's coffers even as the "Coalition of the Willing" was preparing for invasion.
Four large corporations control much of the world's booming bottled water industry and pose a threat to public water utilities, according to a report by the Canadian non-governmental Polaris Institute.
A jury's $5 billion punitive damage award for the 1989 Exxon Valdez oil spill was too high compared to the damage caused and the sums the company already has spent for cleanup and compensation, a federal appeals court ruled today.
Hedge fund billionaire George Soros is making a killing buying and selling farmland in South America after converting them to biofuel production. While this has caused the land prices to increase dramatically, the ecological impact is questionable.
The Justice Department is increasing its prosecutions of alleged acts of foreign bribery by U.S. corporations, forcing them to take costly steps to defend against scrutiny. The crackdown under the Foreign Corrupt Practices Act, or FCPA -- a post-Watergate law largely dormant for decades -- now extends across five continents and penetrates entire industries.
The subtleties surrounding the sensitive role oil plays in the Iraqi war may have eluded the United States Army. Deep in some newspaper coverage yesterday was a report that the 101st Airborne Division had named one central Iraq outpost Forward Operating Base Shell and another Forward Operating Base Exxon.
Huge mines here turning tarry sand into cash for Canada and oil for the United States are taking an unexpectedly high environmental toll, sucking water from rivers and natural gas from wells and producing large amounts of gases linked to global warming.
In the history of the Iraq War, one name is perhaps synonymous with the collapse of the Bush administration's hopes for a post-Saddam world: Retired Lt. General Jay M. Garner, who served as the first post-war administrator. This year, he and a small group of former US military leaders, officials, and lobbyists have quietly used their Kurdistan connections to help Canadian companies access some of the region's richest oil fields.