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Keystone XL Review Biased and Deeply Flawed, Say Activists
by Richard SmallteacherCorpWatch Blog
February 14th, 2014
A major U.S. government report on the Keystone XL pipeline was written by oil industry consultants, say activist groups. The report, which was commissioned by the State Department and published two weeks ago, downplays the environmental impact of the pipeline and has been seen as key to potential approval.

Anglo Irish Bankers On Trial For Scheme That Led to National Collapse
by Pratap ChatterjeeCorpWatch Blog
February 12th, 2014
Three top executives at Anglo Irish bank are on trial for a secret scheme to buy their own bank’s shares that eventually triggered the 2008 collapse of the Irish economy. The bankers allegedly hatched the plan to cover up bets made by Sean Quinn, once Ireland’s richest man.

Rurelec Wins Compensation for Bolivia Nationalization, But Little Profit
by Richard SmallteacherCorpWatch Blog
February 10th, 2014
Bolivia has been ordered to pay $41 million to Rurelec, a UK energy company, in compensation for nationalizing the Guaracachi power plant in May 2010. The order represents a small profit for Rurelec which bought a 50.1 percent stake in 2006 but substantially less than what the company demanded.

Selling Your Secrets: The Invisible World of Software Backdoors and Bounty Hunters
by Pratap ChatterjeeCorpWatch/Tomdispatch
February 7th, 2014
Mass surveillance by the U.S. National Security Agency involves close partnerships with high-tech companies in order to gather data on everyday people. The agency has cut deals to install secret backdoors into computers; exploit flaws in popular software; and surreptitiously analyze personal data from smartphone games.

Mauritanian Villagers Protest Saudi National Prawn Company Investment
by Richard SmallteacherCorpWatch Blog
February 5th, 2014
Villagers in Boghé, a community 190 miles south west of the Mauritanian capital of Nouakchott, are protesting a proposed $1 billion investment by the Saudi National Prawn Company (NPC) in an aquaculture project in the Senegal river valley that will cover 31,000 hectares.

Bayer CEO Says Drugs Developed For “Western Patients Who Can Afford It”
by Pratap ChatterjeeCorpWatch Blog
February 3rd, 2014
Bayer, the German pharmaceutical giant, is in hot water after CEO Marijn Dekkers told a Financial Times conference that the company designed medicines “for western patients who can afford it” not for the “Indian market.” The company has been critical of the Indian governments efforts to make cheap generic drugs available locally.

Goldman Sachs Sued for Selling Libya Billions in "Worthless" Options
by Richard SmallteacherCorpWatch Blog
January 31st, 2014
Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya “worthless” derivatives trades in 2008 that the country’s financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman made $350 million.

Smartphone Game Data Targeted by NSA: Angry Birds Cited
by Pratap ChatterjeeCorpWatch Blog
January 28th, 2014
Millennial Media, a Baltimore based ad company, creates “intrusive” profiles of users of smartphone applications and games like Angry Birds, according to documents leaked to the media by whistleblower Edward Snowden. Such profiles have been exploited by intelligence authorities like the U.S. National Security Agency (NSA), say investigative journalists.

Shell Arctic Drilling Plans Blocked By Courts
by Richard SmallteacherCorpWatch Blog
January 23rd, 2014
Shell’s plans to drill for oil in the Arctic’s Chukchi Sea have been handed a major setback by a U.S appeals court which ruled that the Department of the Interior had underestimated the potential environment impact. The courts ordered the federal government to do a new assessment.

Major Banks Suspend Foreign Exchange Traders Over Market Manipulation
by Pratap ChatterjeeCorpWatch Blog
January 20th, 2014
Several major banks – notably Citibank, Deutsche Bank and HSBC - have suspended over a dozen global foreign exchange traders in a growing scandal over manipulation in the $5.3 trillion-a-day market. Barclays, Goldman Sachs, JP Morgan, Royal Bank of Scotland, Standard Chartered and UBS are also being investigated.

Trafficking Lawsuit Against KBR for Wrongful Deaths in Iraq Dismissed
by Richard SmallteacherCorpWatch Blog
January 17th, 2014
Families of 12 Nepali workers killed in Iraq in August 2004 have been denied permission by a federal judge to sue KBR, the former subsidiary of Halliburton of Houston, in an abrupt reversal of a previous court decision.

World Bank Slammed for Dinant Loan Linked to Honduran Killings
by Pratap ChatterjeeCorpWatch Blog
January 14th, 2014
An independent ombudsman has confirmed that World Bank officials should have raised serious questions before the International Finance Corporation (IFC) – the private sector arm of the World Bank – approved a $30 million loan to Corporación Dinant in Honduras in 2009 for palm oil plantation projects.

Climate Activists Slapped With Terrorism Charges for Devon Energy Protest
by Richard SmallteacherCorpWatch Blog
January 10th, 2014
Two climate activists who staged a protest at the headquarters of Devon Energy, a Fortune 500 company based in Oklahoma city, have been charged with a “terrorism hoax” after black powder drifted down from a banner that they unfurled.

Spanish Consortium Threatens to Stop Panama Canal Expansion
by Pratap ChatterjeeCorpWatch Blog
January 6th, 2014
Sacyr, the Spanish construction giant, has threatened to halt work on the expansion of the Panama canal unless it is paid an extra $1.6 billion. The company leads a consortium that won the 2009 contract after bidding to do the job for $1.1 billion less than the next bidder.

Cambodian Police Open Fire at Garment Workers Protest, Killing Four
by Richard SmallteacherCorpWatch Blog
January 3rd, 2014
At least four people were killed when Cambodian police opened fire on a garment workers protest in Canadia Industrial Park in Phnom Penh. The workers were demanding a minimum wage of $154 a month from employers who supply Calvin Klein and Tommy Hilfiger brands as well as H&M.

Sámi Fight Iron Mine in Reindeer Country
by Pratap ChatterjeeCorpWatch Blog
December 29th, 2013
This past Christmas, while children around the world wrote letters to Santa Claus whom they believed would deliver presents to them in a sleigh drawn by the mythical Rudolph, the actual human companions of the Arctic reindeer spent their holidays worrying about Beowulf, a British mining company.

Chocolate Slavery Case Against Nestlé Allowed to Proceed
by Pratap ChatterjeeCorpWatch Blog
December 24th, 2013
Eight years after they sued Archer Daniels Midland (ADM), Cargill and Nestlé for allegedly forcing them to work as child labor on a Côte d'Ivoire cocoa plantation, three young men from Mali have won a small victory – the ability to be heard in a California court.

New Report Card Evaluates Congressional Actions for Corporate Accountability
December 19th, 2013
The U.S. Congress had a miserable record on resisting corporate influence in 2012, according to a new report card released today. The 2012 Corporate Accountability Coalition Report Card tracks Congressional action related to corporate accountability, transparency, and responsible business during the second year of the 112th Congress.

Ikea France Accused of Spying on Employees
by Richard SmallteacherCorpWatch Blog
December 15th, 2013
Sûreté International – a private detective agency - was allegedly hired by Ikea France to spy on prospective and existing employees, activists from the union Force Ouvrière and even disgruntled customers.

Aluminium Bahrain Bribery Case Collapses
by Pratap ChatterjeeCorpWatch Blog
December 12th, 2013
A lawsuit against Victor Dahdaleh, a Canadian-British billionaire, for allegedly paying £39 million ($65 million) in bribes to win supply contracts worth £2 billion ($3.2 billion) from Aluminium Bahrain (Alba) has collapsed.

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