Energy, Mining & Utilities
Newmont Mining agreed Thursday to pay $30 million to Indonesia in a settlement of a civil lawsuit in which the government argued that the company had polluted a bay with arsenic and mercury.
The startling concentration of economic power that has resulted from the U.S. merger wave of the last several years is going to require new levels of government intervention in the marketplace.
While the comment came in a light-hearted exchange with his Democratic opponent Joe Lieberman, Cheney's reply left out how closely Dallas-based Halliburton's fortunes are linked to the U.S. government. The world's largest oil services firm is a leading U.S. defense contractor and has benefited from financial guarantees granted by U.S. agencies that promote exports.
Syabas, a private water company in Malaysia, has threatened to start water rationing in the state of Selangor after claiming that it had almost no water reserves left. Critics claim that the threat is a ploy to win more lucrative contracts and to favor a rival political party.
Bolivia has been rocked by protests against a proposed gas pipeline to be built by Pacific LNG. The consortium is made up of notorious British and Spanish multinationals, including BP and Repsol-YPF.
On Oct. 24, after a 14-day occupation, representatives of the Federation of Native Communities of the Corrientes Rio (FECONACO), which includes the Quichua and Urarinas people, reached an agreement with PlusPetrol and the Peruvian government. The agreement gave them 98 percent of their demands.
More companies are beginning to see the benefits of having energy-efficient buildings and physical plants. Cleaner, more efficient office buildings and work spaces not only help the environment but can save a company money, improving that company's -- as well as all of society's -- bottom line.