|US: Federal Oil Officials Accused
In Sex and Drugs Scandal
by STEPHEN POWER, Wall Street Journal
September 11th, 2008
Employees of the federal agency that last year collected more than $11 billion in royalties from oil and gas companies broke government rules and created a "culture of ethical failure" by allegedly accepting gifts from and having sex with industry representatives, the Interior Department's top watchdog said Wednesday.
|US: Files Show Governor Intervened With Court|
by Ian Urbina, New York Times
August 13th, 2008
West Virginia Governor Joe Manchin III filed a friend-of-the-court brief in June, arguing the State Supreme Court should review a $382 million judgment against DuPont. The case involves thousands of residents in the area of a DuPont-operated zinc-smelting plant, and the largest civil penalty ever levied against the company, for the dumping of toxic arsenic, cadmium and lead at the plant.
|UK-Zimbabwe: BAE linked to Zimbabwean arms dealer|
by Christopher Thompson and Michael Peel , Financial Times/UK
July 31st, 2008
According to documents seen by the Financial Times, BAE Systems has been linked to Zimbabwean arms trader John Bredenkamp. BAE reportedly paid at least £20m to Bredenkamp via offshore entities in the British Virgin Islands between 2003 and 2005. The payments raise fresh questions about bribery in BAE's dealings.
|INDIA: Decades Later, Toxic Sludge Torments Bhopal|
by Somini Sengupta, New York Times
July 7th, 2008
Residents of Bhopal, India continue to suffer from Union Carbide's toxic legacy, this time in the form of toxic waste that still languishes inside a shoddy warehouse on the old factory grounds. Ailments such as cleft palates and mental retardation are appearing in numbers of Bhopali children, raising questions about contaminated soil and groundwater, clean-up, and liability.
|Iraq: U.S. Advised Iraqi Ministry on Oil Deals|
by Andrew E. Kramer, New York Times
June 30th, 2008
The Bush administration has disclosed that U.S. advisors in Iraq played a key role in drawing up contracts between the Iraqi government and five major Western oil companies. The no-bid contracts are expected to be awarded Monday to Exxon Mobil, Shell, BP, Total and Chevron, as well as to several smaller oil companies.
|SWITZERLAND: Tax scandal leaves Swiss giant reeling|
by Nick Mathiason, The Guardian (UK)
June 29th, 2008
Sending shockwaves through the Swiss financial industry, banking giant UBS is facing accusations from a former senior banker in US courts of massive fraud and corruption. UBS is alleged to have engaged in routine activities aimed at helping its high net worth clients evade hundreds of millions of dollars in taxes, among other matters.
|US: Put oil firm chiefs on trial, says leading climate change scientist|
by Ed Pilkington, Guardian (UK)
June 23rd, 2008
On June 23, James Hansen, a leading world climate scientist, called for the executives of major fossil fuel companies, including ExxonMobil and Peabody Energy, to be put on trial for crimes against humanity and nature through actions like funding climate skeptics to undermine global consensus around combating climate change.
|US: Prosecutors Build Bear Stearns Case on E-Mails
by LANDON THOMAS Jr., The New York Times
June 20th, 2008
The two men, who were forced out of their jobs last year, are the first senior executives from Wall Street investment banks to face criminal charges stemming from the credit mess, and the investigation by federal prosecutors based in Brooklyn is likely to become a test case of the government’s ability to make successful prosecutions of arcane financial transactions.
|KATRINA: Audit Faults KBR's Repairs of Hurricane Damage |
by Derek Kravitz, The Washington Post
June 18th, 2008
Efforts by defense contractor KBR to repair hurricane-damaged Navy facilities were deemed shoddy and substandard, and one technical adviser alleged that the federal government "certainly paid twice" for many KBR projects because of "design and workmanship deficiencies," the Pentagon's inspector general reported in an audit released yesterday.