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The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.

BHP executives planned a $US100 million loan to Saddam Hussein's regime in a bid to curry favour and gain rights to explore a massive Iraqi oil field, the Cole inquiry was told.

Some indisputable winners are clear now: military contractors.

Billions of dollars are unaccounted for, and there are widespread allegations of waste, fraud and war profiteering.

A controversial Kuwait-based construction firm accused of exploiting employees and coercing low-paid laborers to work in war-torn Iraq against their will is now building the new $592-million U.S. embassy in Baghdad.

Listen to an interview with David Phinney about this article on CorpWatch Radio.

Torin Nelson was a civilian interrogator at Abu Ghraib prison in Iraq. He was not implicated in any of the abuses, but his name has been linked to the scandal, and he has been unable to hold a job as an interrogator ever since.

In Congress this week, two sides presented their cases in front of a Senate committee that's considering revising a 10-year-old telecommunications bill. The topic was Internet neutrality: the idea that all bits coursing along the Web should be treated equally.

The Government Accountability Project (GAP) today released the Vaughn Report, commissioned by the World Bank as a guide to modernize the Bank's whistleblower protection policies. In the nine months since the Vaughn report was released on April 30, 2005, the World Bank has refused to publicly release the report, consult staff on Vaughn's recommendations, or accept any offers from experts to help implement Vaughn's analysis.

MORE WOES for Lafayette Philippines Inc. (LPI) whose mine on Rapu-Rapu Island in Albay province figured in two toxic spills last year.

Gunmen in a convoy of three dark-colored GMC sport-utility vehicles opened fire on a taxi north of downtown Kirkuk, killing two men.