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War & Disaster Profiteering

Black & Veatch's Tarakhil Power Plant: White Elephant in Kabul
Pratap Chatterjee
November 19th, 2009

In a secluded valley a few miles from Kabul's international airport, $285 million in U.S. taxpayer dollars have flowed into a Black & Veatch-built power plant outside Tarakhil village. But, far from the public relations coup the project was intended to supply, the plant has run into problems with planning, cost over-runs and alleged corruption.

Children in West Kabul. Photo by Stuart Webb (Channel Four News)

War & Disaster Profiteering

Spies for Hire: New Online Database of U.S. Intelligence Contractors
Tim Shorrock
November 16th, 2009

CorpWatch joins with Tim Shorrock today, the first journalist to blow the whistle on the privatization of U.S. intelligence, in releasing Spies for Hire.org, a groundbreaking database focusing on the dozens of corporations that provide classified intelligence services to the United States government.

Natural Resources

Uranium Corporation of India Limited: Wasting Away Tribal Lands
Moushumi Basu
October 7th, 2009

In Eastern India's Jharkand State, tensions are mounting between Indigenous tribal communities and the Uranium Corporation of India Limited, or UCIL. Heavy security at a May public hearing in Jadugoda prevented many local activists and villagers from entering. But outside the hearing, activists from the Jharkhandi Organization Against Radiation (JOAR) argued their case for protecting their health and the environment from horrific impacts of radioactive contaminated waste resulting from uranium mining.

Creative Commons Licensed: Adapted by Ionia Kershaw for Truthout.org (via Flickr)
War & Disaster Profiteering

Mission Essential, Translators Expendable
Pratap Chatterjee
August 11th, 2009

Ohio-based Mission Essential Personnel supplies over 2,000
translators to the Pentagon in Afghanistan, who play a critical role in protecting local and military lives. These interpreters are a key communications link. But if they are wounded or killed, they are often left to fend for themselves. This special features video of CorpWatch interviews with three Afghan whistleblowers, recorded in country in April. Click through to hear their story.


Photo by Ron Nobu Sakamoto
Energy

Damming Magdalena: Emgesa Threatens Colombian Communities
Jonathan Luna
July 21st, 2009

Near the town of La Jagua, overlooking the Magdalena River, the landscape is dotted with concrete markers declaring the land, river, and everything else a “public utility” that Colombia has given to the energy company Emgesa as part of the Quimbo Hydroelectric Project. A construction permit was granted in May, with the dam scheduled for full operation by 2014.

Photo by Jonathan Luna
Globalization

CorpWatch announces release of the CrocTail application and open CorpWatch API
June 8th, 2009

CorpWatch, with support from the Sunlight Foundation, announces release of the CrocTail application and open CorpWatch API. CrocTail provides an interface for browsing information about U.S. publicly traded corporations and their many foreign and domestic subsidiaries. CrocTail also serves as a demonstration of the features and data available through the CorpWatch API.

War & Disaster Profiteering

Is Halliburton Forgiven and Forgotten? Or How to Stay Out of Sight While Profiting From the War in Iraq
Pratap Chatterjee
June 3rd, 2009

At Halliburton's recent annual shareholders meeting in Houston, all was remarkably staid as the company celebrated its $4 billion in 2008 operating profits, a striking 22% return at a time when many companies are announcing record losses.

Just three months ago, however, Halliburton didn't hesitate to pay $382 million in fines to the U.S. Department of Justice as part of the settlement of a controversial KBR gas project in Nigeria in which the company admitted to paying a $180 million bribe to government officials.


Energy

The True Cost of Chevron: An Alternative Annual Report
Antonia Juhasz
May 26th, 2009

Chevron's 2008 annual report is a glossy celebration of the company's most profitable year in its history. What Chevron's annual report does not tell its shareholders is the true cost paid for those financial returns, or the global movement gaining voice and strength against the company's abuses. This jointly-produced report documents negative impacts of Chevron's operations around the globe, in stark contrast to the message sent by the company's ubiquitous "Human Energy" advertising campaign.

Financial Services, Insurance and Banking

Mexico’s Other Crisis: Foreign Banks
Kent Paterson
May 15th, 2009

The worldwide financial crisis is hitting people in the Global South with particular venom, and disaster profiteering is alive and well. Take Mexico. While entities like Citigroup-owned Banamex get away with charging Mexican credit account-holders usurious interest rates of up to 100 percent, Banamex itself turned nearly $1 billion in profits in 2008.

Cartoon by Khalil Bendib