Energy, Mining & Utilities
Corporations carry out some of the most horrific human rights abuses of modern times, but it is increasingly difficult to hold them to account. Economic globalization and the rise of transnational corporate power have created a favorable climate for corporate human rights abusers, which are governed principally by the codes of supply and demand and show genuine loyalty only to their stockholders.
A pipeline crossing the Peruvian Amazon has spilled natural gas liquids four times since it opened 15 months ago because it was shoddily built by unqualified welders using corroded pipes left from other jobs, according to a new technical report by the nonprofit environmental consultancy E-Tech International based in San Diego.
During former defense secretary Richard Cheney's five-year tenure as chief executive of Halliburton, Inc., his oil services firm raked in big bucks from dubious commercial dealings with Iraq. Cheney left Halliburton with a $34 million retirement package last July when he became the GOP's vice-presidential candidate
Ian Hannam, a senior JP Morgan banker and ex-soldier, who helped finance a number of flamboyant and controversial mineral extraction projects from India to Tanzania over the last couple of decade, has resigned, after being fined $720,000 for insider trading by the UK Financial Services Authority.
A music video asking Unilever, an Anglo-Dutch consumer goods giant, to clean up mercury waste from their former Indian factory notched up two million views in less than a week, prompting a reply from the company CEO. 'Kodaikanal Won't,' the video by Sonia Ashraf, parodied Nicki Minaj's song 'Anaconda.'
North Slope operations -- like oil production facilities everywhere -- release into the air a steady stream of pollutants and greenhouse gases, spewed by vehicles, power generators and the drilling process itself. Estimates vary, but the North Slope oil fields probably produce more smog-forming nitrogen oxides than Washington, D.C., and more carbon dioxide than San Francisco.
KABUL -- World Bank chief James Wolfensohn said Wednesday he had held talks about financing a fuel pipeline to channel massive gas reserves from Turkmenistan through Afghanistan to India or Pakistan.
The federal Minerals Management Service gave permission to BP and dozens of other oil companies to drill in the Gulf of Mexico without first getting required permits from another agency that assesses threats to endangered species - and despite strong warnings from that agency about the impact the drilling was likely to have on the gulf.
Citing "environmental disruption and corruption" in a letter to the government of Kenya, Japan's Foreign Minister Makiko Tanaka indicated that suspension of funding for the Sondu Miriu hydropower dam project was ''a response to criticism from environmental campaigners and differences between Kenya and Japan over further funding.''
The Bush administration's economic plan would increase by 50 percent or more the deductions that small-business owners can take right away on the biggest sport utility vehicles and pickups.