Law & Regulation
Rio de la Plata is one of the few rivers of the world whose pollution can be seen from space. Making matters worse is the privatized water company Aguas Argentinas, which dumps sewage into the river a few kilometers from where it treats water for drinking.
A non-governmental organisation has cautioned the new mine investors not to willfully pollute the environment despite a bill which indemnifies them from litigation against environmental degradation. Citizens for a better environment, a Kitwe based NGO, warned that should the new mines violate the rights of the people to a clean environment, they would face the wrath of the public.
CrocTail is an extension of the Crocodyl.org Wiki web site project, an online compendium profiling the accountability and transparency track records of multinational corporations. Developed with support from the Sunlight Foundation, CrocTail users can search the entire subsidiaries database. In this new version, users can click on different years and see how subsidiary relationships for a company have changed over time.
Auditors at a Pentagon oversight agency were pressured by supervisors to skew their reports on major defense contractors to make them look more favorable instead of exposing wrongdoing and charges of overbilling, according to an 80-page report released yesterday by the Government Accountability Office.
Taiwanese company AU Optronics and its U.S. subsidiary were fined $500 million by a U.S. judge for conspiring to artificially inflate the prices of liquid crystal display (LCD) screens in a verdict handed down last month. Two former AU Optronics executives were also given three-year prison sentences.
The South African government has intervened to support the Indian-born Gupta brothers, owners of a sprawling conglomerate with interests from mining to media, following a scandal that suggested that the brothers had accumulated so much power that they could dictate cabinet-level decisions in the country.
The U.S. Nuclear Regulatory Commission told six utility companies they have until year-end to explain plans to remedy shortfalls in nuclear decommissioning funds. The license holders receiving notice -- Exelon Corp., Entergy Corp., Constellation Energy Group Inc., FPL Group, First Energy and Tennessee Valley Authority -- include some of the industry's biggest names.
In "HALLIBURTON'S ARMY: How a Well-Connected Texas Oil Company Revolutionized the Way America Makes War" (Nation Books; February 9, 2009; $26.95), muckraking journalist Pratap Chatterjee conducts a highly detailed investigation into Halliburton and its former subsidiary KBR's activities in Kuwait and Iraq, uncovering much new information about its questionable practices and extraordinary profits.