Money & Politics

Two of the biggest U.S. energy utilities - NextEra and Southern Company – have been using Matrix LLC, a secretive political consulting firm in Montgomery, Alabama, to fight regulators and progressive politicians in states like Alabama, Florida, Georgia, Louisiana, Mississippi and Virginia, according to a slew of leaked internal memos. Read More

Nestlé, the processed foods conglomerate, celebrated 100 years in Brazil in 2021 and two related achievements: becoming one of the most recognized brands in the country with sales of just over US$3 billion while simultaneously being accused of being a major force behind the nation’s skyrocketing obesity. Read More

Pascoe Sabido, a campaigner with Corporate Europe Observatory,* speaks by video with CorpWatch about the annual meeting of the countries that have ratified the United Nations Climate Change Convention that is currently taking place in Glasgow, Scotland. Read More

Chuck Collins, author of "The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions," speaks by video with Pratap Chatterjee of CorpWatch about the Pandora Papers, and how a group of offshore consultancy firms design shell companies and trusts to help the very rich to avoid paying taxes. Read More

Millions of documents leaked to the International Consortium of Investigative Journalists (ICIJ) reveal offshore assets of over 30 world leaders, 130 billionaires and 330 politicians, via 14 firms that offer services to set up secrecy and tax dodging entities. ICIJ has named this data collection the Pandora Papers. Read More

JP Morgan, the Wall Street bank, has drawn condemnation from around the world of football, for agreeing to lend €4 billion for a 20 member European Super League that would effectively devastate the existing system of European football leagues. Read More

Over 100 consumer groups are calling on the U.S. Congress to ignore demands from business lobby groups - like the National Association of Manufacturers, the National Federation of Independent Business, and the U.S. Chamber of Commerce - to enact laws guaranteeing corporations blanket immunity from coronavirus pandemic lawsuits. Proposals for such a law have been making the rounds for over a month. Read More

Billionaire businessmen and lobbyists are lining up to help Donald Trump after his victory in the U.S. presidential election. Trump appears to be welcoming them with open arms, despite his claim to bring change to Washington DC and get rid of special interests. Read More

UBS, the Swiss bank, is being investigated by the Hong Kong Securities and Futures Commission for failing to carry out adequate due diligence before working on share offerings for several Chinese companies. The bank says that it is at risk of being suspended from doing business in the city. Read More

Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats. Read More