Corporate Corruption News Articles

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Fossil fuel companies are benefitting from global subsidies of $5.3tn (Ł3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund. The IMF ... says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments. The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. The biggest single source of air pollution is coal-fired power stations and China, with its large population and heavy reliance on coal power, provides $2.3tn of the annual subsidies. The next biggest fossil fuel subsidies are in the US ($700bn), Russia ($335bn), India ($277bn) and Japan ($157bn), with the European Union collectively allowing $330bn in subsidies to fossil fuels. Subsidy reforms are beginning in dozens of countries including Egypt, Indonesia, Mexico, Morocco and Thailand. In India, subsidies for diesel ended in October 2014. Coal use has also begun to fall in China for the first time this century. Shelagh Whitley, a subsidies expert at the Overseas Development Institute, said: “Our research shows that many of the energy subsidies highlighted by the IMF go toward finding new reserves of oil, gas and coal, which we know must be left in the ground if we are to avoid catastrophic, irreversible climate change.”

Note: The additional cost of suppressing new energy technologies does not appear to have been included in these IMF estimates.

The world’s biggest and most profitable fossil fuel companies are receiving huge and rising subsidies from US taxpayers, a practice slammed as absurd by a presidential candidate given the threat of climate change. A Guardian investigation of three specific projects, run by Shell, ExxonMobil and Marathon Petroleum, has revealed that the subsidies were all granted by politicians who received significant campaign contributions from the fossil fuel industry. “At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive taxpayer subsidies that pad fossil-fuel companies’ already enormous profits,” said senator Bernie Sanders, who announced on 30 April he is running for president. Sanders, with representative Keith Ellison, recently proposed an End Polluter Welfare Act, which they say would cut $135bn of US subsidies for fossil fuel companies over the next decade. “Between 2010 and 2014, the oil, coal, gas, utility, and natural resource extraction industries spent $1.8bn on lobbying,” according to Sanders and Ellison. Globally in 2013, the most recent figures available, the coal, oil and gas industries benefited from subsidies of $550bn, four times those given to renewable energy. In 2009, President Barack Obama called on the G20 to eliminate fossil fuel subsidies but since then US federal subsidies have risen by 45%. Every single well, pipeline, refinery, coal and gas plant in the country is heavily subsidised.

Note: The purchase of corrupt government officials by corporate profiteers prevents renewable energy solutions from reaching their potential.

Congress is in an intense debate over trade bills that will shape the course of the US economy for decades. Modern “trade” agreements are often less about trade and more about giant multinational corporations finding new ways to rig the economic system to benefit themselves. The president argues that the TPP is about who will “write the rules” for 40 percent of the world’s economy — the United States or China. But who is writing the TPP? The text has been classified and the public isn’t permitted to see it, but 28 trade advisory committees have been intimately involved in the negotiations. Of the 566 committee members, 480, or 85 percent, are senior corporate executives or representatives from industry lobbying groups. Many of the advisory committees are made up entirely of industry representatives. A rigged process leads to a rigged outcome. By definition, massive trade deals like the TPP override domestic laws written, debated, and passed by Congress. Treasury Secretary Jack Lew has testified before Congress that trade negotiations involve “pressure to lower standards” on financial regulations and other public interest laws, and that President Obama has resisted that pressure. But Obama will soon leave office, and he cannot bind a future president. This legislation risks giving a future president a powerful tool to undermine public interest regulations under the guise of promoting commerce.

Note: US senator Elizabeth Warren and US representative Rosa DeLauro wrote the above article, which further clarifies why the Trans-Pacific Partnership may be a pending disaster. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

L.A. County health officials investigate and confirm an infection outbreak inside one of the county's hospitals once or twice a month. The public rarely finds out which hospital is involved, how many patients were stricken or whether any died. The secrecy surrounding hospital outbreaks runs counter to the push toward more public disclosure in healthcare. In recent years, consumers have benefited from data comparing some health outcomes by hospital, the fees hospitals charge for various procedures and the payments doctors receive from drug and device manufacturers. Keeping outbreaks confidential is a common practice of federal, state and local health investigators across the country. The rationale: It encourages hospitals to be open and quickly report suspected surges of infections. The secrecy can prevent hospitals from learning from one another's mistakes. More than six years ago, a lethal bacteria struck two hospitals in Florida, killing 15 patients. The case was nearly identical to the recent outbreaks at UCLA and Cedars-Sinai medical centers. In each case, a hard-to-clean medical scope transferred the same superbug from patient to patient. Since that 2008 Florida outbreak, investigators have tied the same scopes to scores of patient infections in other states. Most of the outbreaks were not disclosed until months or years later, often only when doctors wrote about them in medical journals.

Note: For more along these lines, see concise summaries of deeply revealing news articles about healthcare cover-ups from reliable major media sources.

Weeks before Pacific Gas and Electric Co. released a long-awaited seismic report about the Diablo Canyon nuclear plant last year, Nuclear Regulatory Commission officials had already drafted talking points declaring the plant safe from earthquakes, Sen. Barbara Boxer said Wednesday. An internal commission memo showed that the agency was planning to tell the public that “the NRC had reviewed the report, and it had concluded Diablo Canyon was seismically safe” — before even seeing the report. Boxer ... used it to illustrate what she called the commission’s lax attitude toward seismic safety, even in the wake of the 2011 meltdown of three reactors at Japan’s Fukushima Daiichi power plant. Her comments shone new light on a controversy that has simmered since the seismic safety report’s release last fall. PG&E released the report on Sept. 10. That same day, the commission — the federal agency that regulates nuclear plants — formally rejected complaints from one of its own former inspectors at Diablo Canyon, who had argued that the plant should be closed. Several newly discovered faults nearby, he said, could produce more violent shaking than Diablo was designed to withstand. Environmental groups ... accused the commission and PG&E of colluding to release both the report and the rejection of the inspector’s complaint on the same day, generating positive press about Diablo’s safety.

Note: Why would Nuclear Regulatory Commission officials ignore their responsibility to protect the public from the potentially disastrous combination of earthquakes and nuclear power plants?

Last week, FAIR noticed that not one major media organization in the United States has covered the charge, reported in Colombia, “that US military soldiers and contractors had sexually abused at least fifty-four children in Colombia between 2003 and 2007 and, in all cases, the rapists were never punished–either in Colombia or stateside–due to American military personnel being immune from prosecution under diplomatic immunity agreements.” One of the rapes ... was allegedly committed by Army sergeant Michael J. Coen and an employee of a private security contractor, César Ruiz. The victim was a 12-year-old girl. They abducted her, they drugged her, they took her to the air base near the town of Melgar and raped her, they took videos of her. Colombian prosecutors issued arrest warrants [that] were “not executed because of the immunity of Coen and Ruiz.” Under a series of treaties ... members of the US military stationed in Colombia are immune from prosecution. That immunity has since been extended to private security firms. Another serious sexual assault that, like the rape described above, was covered by the Colombian press, both in print and on TV, but ignored in the United States: in 2004, “53 underage girls were sexually abused by mercenaries, who filmed and sold the tapes as pornographic material.” The private security firm involved [was identified as] DynCorp, a Virginia-based contractor.

Note: Dyncorp is only slightly less infamous than Blackwater, having been involved in numerous international outrages, including a child sex slavery ring in Bosnia in 1999. Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles about sexual abuse scandals from reliable major media sources.

A senior HSBC executive has privately admitted that the bank is “cast-iron certain” to have another major regulatory breach in the future. Global head of sanctions Lee Hale ... was meeting with independent lawyers monitoring HSBC as part of a controversial 2012 deal with the US Department of Justice, in which the bank avoided prosecution over sanctions-busting and money-laundering in its Mexican branch in exchange for paying a $1.9bn fine and receiving additional regulatory scrutiny for a period of five years. The deferred prosecution agreement was signed by the then US attorney for the eastern district of New York, Loretta Lynch. During a long exchange about HSBC’s new policy on sanctions and internal breaches of company rules, Hale told the regulator that “given the size and scale of HSBC”, in his view “it is a cast-iron certain[ty] this will happen, at some point in the future we’re going to have some big breach, some regulatory breach”. He added: “I hope it doesn’t happen, but it is likely.” The recorded monitor discussions also touched on problems in the bank’s US compliance team. Hale said: “The internal audit team have done a US review and it’s not great in terms of what they’ve found.” The findings, according to Hale, prompted the bank to terminate the employment of one of the bank’s senior compliance executives in New York, a former sanctions official at the US Treasury. In 2012, a US Senate report noted that a high turnover of compliance staff at the bank’s US subsidiary had made reforms difficult to implement.

Note: Read lots more on HSBC's sweetheart deal with U.S. officials in a Rolling Stone article by Matt Taibbi. Is it even possible to root out corruption in a bank founded to service the international drug trade? For more along these lines, see concise summaries of deeply revealing news articles about systemic corruption in government and the financial industry.

In a war full of failures, the US counternarcotics mission in Afghanistan stands out: opiate production has climbed steadily over recent years to reach record-high levels last year. One clear winner in the anti-drug effort is ... the infamous mercenary company formerly known as Blackwater. Statistics released on Tuesday reveal that the rebranded private security firm, known since 2011 as Academi, reaped over a quarter billion dollars from the futile Defense Department push to eradicate Afghan narcotics, some 21% of the $1.5 bn in contracting money the Pentagon has devoted to the job since 2002. The company is the second biggest beneficiary of counternarcotics largesse in Afghanistan. Only the defense giant Northrop Grumman edged it out, with $325m. According to the US inspector general for Afghanistan reconstruction, the $309m Academi got from US taxpayers paid for training, equipment, and logistical support to Afghan forces conducting counternarcotics. Far from eradicating the deep-rooted opiate trade, US counternarcotics efforts have ... contributed to the opium boom. In December, the United Nations reported a 60% growth in Afghan land used for opium poppy cultivation since 2011, up to 209,000 hectares. The estimated $3bn value of Afghan heroin and morphine represents some 15% of Afghan GDP. Academi and its former Blackwater incarnation have an infamous history in Afghanistan. It once set up shell companies to disguise its business practices, according to a Senate report, so that its contracts would be unimpeded by company employees killings of Iraqi and Afghan civilians.

Note: Blackwater, now called Academi, got caught systematically defrauding the US government, while serving as a "virtual extension of the CIA". The CIA has been linked to the Afghan heroin trade for decades. In 2000, the Taliban had all but eradicated Afghan opium production. Once Afghanistan was under US control, opium production surged to record levels.

Earlier this month, the World Health Organization’s International Agency for Research on Cancer announced findings that glyphosate, the main ingredient in Monsanto’s RoundUp line of pesticides, is “probably carcinogenic to humans.” The research, published in The Lancet Oncology, relies on studies conducted on the chemical over the last few decades. Use of glyphosate – which the EPA has deemed safe — has soared in the last two decades with the introduction of crops genetically engineered to withstand the herbicide. Glyphosate is also a main ingredient in a new product called “Enlist Duo” recently introduced by Dow Chemical. Widespread use of the chemical has also come under fire because weeds are becoming increasingly resistant to it. Dow has marketed its new product ... as a new tool for farmers battling herbicide-resistant weeds. But agriculture experts say farmers should look at other ways to manage weeds, like cover-cropping, increased rotation and mechanical removal. This week, environmental groups sent a letter to the EPA renewing their calls for the agency to reconsider its decision to approve Enlist Duo. The groups also called on the EPA to reexamine its findings that glyphosate is safe. Monsanto has come out swinging. In a press release, Chief Technology Officer Dr. Robb Fraley said the company is “outraged”. Monsanto has demanded a retraction of the report.

Note: The negative health impacts of Monsanto's RoundUp are well known, while the risks and dangers of genetically engineering crops to tolerate such chemicals are becoming increasingly clear.

An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment "expectations" and hurt their business, according to a classified document. The Trans-Pacific Partnership - a cornerstone of Mr. Obama's remaining economic agenda - would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord ... companies and investors would be empowered to challenge regulations, rules, government actions and court rulings ... before tribunals organized under the World Bank or the United Nations. The chapter in the draft of the trade deal, dated Jan. 20, 2015, [was] obtained by The New York Times in collaboration with the group WikiLeaks. [Its] cover mandates that the chapter not be declassified until four years after the Trans-Pacific Partnership comes into force or trade negotiations end, should the agreement fail. Under the terms of ... chapter, foreign investors could demand cash compensation if member nations "expropriate or nationalize a covered investment either directly or indirectly." Opponents fear "indirect expropriation" will be interpreted broadly, especially by deep-pocketed multinational companies opposing regulatory or legal changes that diminish the value of their investments. In 2013, Eli Lilly took advantage of a similar provision under Nafta to sue Canada for $500 million, accusing Ottawa of violating its obligations to foreign investors by allowing its courts to invalidate patents for two of its drugs.

Note: The above article further clarifies why the TPP is a pending disaster. For more, see this article, or watch the two minute video Former US Secretary of Labor Robert Reich made to educate the public about the dangers of the TPP.

For decades, Monsanto and its enablers inside the USDA have denied the central tenets of evolutionary biology, namely natural selection and adaptation. Since the early 1980s, Monsanto has endlessly hyped genetically engineered (GE) crops they claim could reduce hunger, reduce pesticide use, and survive droughts. In reality, no such "miracle" crops exist. No significantly greater yielding crops, no more effective drought resistance crops. And ... around 85 percent of all genetically engineered crops in the United States and around the world have been engineered to withstand massive doses of herbicides, mostly Monsanto's Roundup. Each year 115 million more pounds of Roundup are spread on our farmlands because of these altered crops. Wouldn't that massive increase in Roundup use over that huge a portion of our cropland cause some weed populations to develop resistance? Of course. As a result, in less than 20 years, more than half of all U.S. farms have some Roundup resistant "superweeds," weeds that now infest 70 million acres of U.S farmland. A science-based, and safer, way forward is to ... use ecologically based weed control. There are proven organic and agroecological approaches that emphasize weed management rather than weed eradication, soil building rather than soil supplementing. Crop rotation and cover crops can return productive yields without ridding the land of genetic biodiversity, and could reduce herbicide use by 90 percent. So it's long past due that our government required real and rigorous science when regulating GE crops.

Note: Read more about how GMO technology has backfired, producing new "superweeds" and "superbugs" that threaten crop production. For more, see concise summaries of deeply revealing news articles on GMO risks and how these are covered up.

The powerful U.S. sugar industry skewed the government's medical research on dental care. Sugar industry leaders advocated for policies that did not recommend people eat less sugar. The government listened, according to a new report published in the journal PLOS Medicine. In the 1960s, amid a national effort to boost cavity prevention, the U.S. government spearheaded a research program, known as the National Caries Program (NCP), which aimed to eradicate tooth decay. But instead of turning to an obvious solution — having people eat less sugar — the government was swayed by industry interests that pushed alternative methods, such as [using] vaccines for fighting tooth decay. [The] committee that was set up by the government to set research priorities for the NCP included many doctors and scientists who were also ... part of another group called the International Sugar Research Foundation, which was established by the sugar industry. Rather than recommending that people reduce sugar intake, government-funded research focused on interventions that wouldn't advise Americans to lower their sweets consumption. For instance, the research encouraged the wider use of fluoride. More recently, the industry attempted to influence the ongoing debate about changes to the Food and Drug Administration's nutrition facts label. One of the key changes currently being mulled is the inclusion of an "added sugar" label, which is meant to communicate how much of any given food's sugar content was added during processing. The industry is vehemently opposed.

Note: "When you take on Big Sugar, you take on a huge political money operation," Rep. Mark Steven Kirk from Illinois said while fighting Big Sugar back in 2007. For more along these lines, see concise summaries of deeply revealing health corruption news articles from reliable major media sources.

Microsoft, Apple, Google and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations. The total amount held outside the U.S. by the companies was up 8 percent from the previous year. General Electric topped the list for the fifth straight year. The company now has $119 billion outside the U.S., an increase of 8 percent from the end of 2013 and a 27 percent gain since 2010. Microsoft has more than tripled its offshore holdings since 2010. Apple, which counts only part of its non- U.S. holdings as indefinitely held offshore, increased that portion to $69.7 billion from $12.3 billion in 2010. Cisco now has $52.7 billion outside the U.S., up 10 percent since 2013. John Chambers, Cisco's chief executive, said on Bloomberg TV on Feb. 20 that "our tax policy is causing me to make decisions that I don't think is in the interest of our country, or even in our shareholders, long term." The companies owe taxes at the full U.S. corporate tax rate of 35 percent on profits they earn around the world. They get tax credits for payments to foreign governments and don't have to pay the residual U.S. tax until they bring the money home. Obama earlier this year proposed applying a 14 percent mandatory tax on the stockpiled profits and a 19 percent minimum tax on foreign earnings going forward.

Note: U.S. laws now protect corporations as if they are people, but require human people to pay more income tax. For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption.

McDonald’s said on Wednesday that its 14,000 US restaurants will stop serving chicken raised with antibiotics "important to human medicine," a significant change in food policy for the world’s largest fast-food chain. McDonald’s said the decision is an attempt to adapt to diners’ desire for healthier food.‘‘Our customers want food that they feel great about eating — all the way from the farm to the restaurant — and these moves take a step toward better delivering on those expectations,’’ McDonald’s US president, Mike Andres, said in a statement. McDonald’s said the new policy will be implemented across its US supply chain within two years. Also, McDonald’s said that this year it will begin offering milk jugs in its Happy Meals that contain milk from cows that have not been treated with the growth hormone rbST. Public health advocates cheered the move, and some groups, including Keep Antibiotics Working, said they had been in ‘‘close dialogue’’ with McDonald’s about the policy change.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.

Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices. Taser is covering airfare and hotel stays for police chiefs who speak at promotional conferences. It is also hiring recently retired chiefs as consultants, sometimes just months after their cities signed contracts with Taser. The relationships raise questions of whether chiefs are acting in the best interests of the taxpayers in their dealings with Scottsdale, Arizona-based Taser, whose contracts for cameras and storage systems for the video can run into the millions of dollars. As the police chief in Fort Worth, Texas, successfully pushed for the signing of a major contract with Taser before a company quarterly sales deadline, he wrote a Taser representative in an email, "Someone should give me a raise." City officials and rival companies are raising concerns about police chiefs' ties to Taser. Charlie Luke, a Salt Lake City councilman ... said he was surprised when he learned last year that the city's police department had purchased Taser cameras using surplus money, bypassing the standard bidding process and City Council approval. The department declined to say how much it has spent acquiring 295 body cameras. Taser's competitors ... complain they have been shut out by cities awarding no-bid contracts to Taser and are being put at a disadvantage by requests for proposals that appear tailored to Taser's products.

Note: For more along these lines, see concise summaries of deeply revealing news articles about government corruption from reliable major media sources.

A scandal implicating HSBC in alleged tax evasion widened further Wednesday, as Swiss prosecutors raided the Geneva headquarters of its private bank in Switzerland. The raid, in connection with an investigation into ‘aggravated money-laundering’, marks the latest twist in a saga that dates back 10 years. Materials leaked to the International Consortium of Investigative Journalists ... indicated that HSBC aggressively marketed schemes suitable for tax evasion to rich clients across the world. The materials come from a stash of files stolen from HSBC by Hervé Falciani, a former employee and whistleblower. Falciani was indicted in Switzerland in December for industrial espionage and for breaking the law on banking secrecy. Falciani’s files have already led to criminal investigations in France, Belgium and Argentina. The Swiss authorities’ action Wednesday, however, is the first to suggest that they regard tax evasion itself as a bigger crime than exposing it. [HSBC has also recently] been found guilty of manipulating benchmark interest and foreign exchange rates, [and] desperately needs to be able to prove that it has not aided or abetted tax evasion or money-laundering since December 2012. That was when it signed a deferred prosecution agreement with the U.S. after admitting to helping Iran get round sanctions and laundering the profits of Mexican drug trafficking gangs. Any evidence that it has broken that DPA could lead to it losing its all-important license to bank in the U.S., destroying its status as a global bank overnight.

Note: Read lots more on HSBC's sweetheart deal with U.S. officials in a Rolling Stone article by Matt Taibbi. US Senator Elizabeth Warren is working hard to bring justice in this case. For more along these lines, see concise summaries of deeply revealing news articles about systemic corruption in government and the financial industry.

Many Samsung "SmartTVs" come equipped with voice recognition, which allows you to bark commands at your TV. Since the television is always listening for your voice, Samsung has warned its SmartTV customers that every word is being captured and sent over the Internet. Samsung says it needs to send your voice commands to a third-party, because that company converts your speech to text. But Samsung also collects your voice commands to perform research and determine whether it needs to make improvements to the feature. Samsung noted that a microphone appears on the screen when the voice recognition feature is turned on, notifying customers that their voice is being captured. You can opt-out of the SmartTV voice recognition feature. But even if you opt out, your voice commands will still be captured. The SmartTV has a set of pre-programmed commands that it recognizes even if you opt out of voice recognition. Samsung will collect the text of those pre-programmed voice commands (though not your voice itself) and analyze how much you're using certain commands. "Samsung does not retain voice data or sell it to third parties," the company said in a statement. "If a consumer consents and uses the voice recognition feature ... the voice data is sent to a server, which searches for the requested content then returns the desired content to the TV."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy.

Arizona’s largest utility company has been at odds with the solar panel industry for years. Now, APS [Arizona Public Service, the state’s largest utility] is asking the Federal Trade Commission to crack down on solar companies. But they didn’t ask them directly. Six Arizona Congressmen sent letters to federal regulators asking them to investigate solar leasing companies. Reporter Evan Wyloge ... has the original letter and proves it’s actually APS spearheading the effort. Arizona Public Service [is] one of the largest campaign donors for the group of lawmakers. The APS-authored, congressmen-signed letter comes as the latest in an ongoing effort to stymie third-party solar panel companies, whose business has grown tenfold over the past half-decade, presenting a challenge to the long-term business model of traditional utilities like APS. The high-profile fight between the traditional utility and newer rooftop solar panel companies is not unique to Arizona. Similar struggles have emerged in other states. On Nov. 19, Democratic Reps. Ron Barber, Ann Kirkpatrick and Kyrsten Sinema asked [regulators] in a joint letter to ... look into solar panel leasing practices. Then, on Dec. 12, Republican Reps. Trent Franks, Paul Gosar and Matt Salmon sent a similar letter to the FTC. After both letters were sent, the Arizona Corporation Commission voted late in 2014 to open a docket on consumer complaints about solar companies. Initial hearings are expected to begin this spring.

Note: For more along these lines, see concise summaries of deeply revealing government corruption and energy news articles from reliable major media sources.

Republicans who now run Congress say they want to cooperate with President Obama, and point to the administration's Trans-Pacific Partnership, or TPP, as the model. The only problem is the TPP would be a disaster. If you haven't heard much about the TPP, that's part of the problem. It would be the largest trade deal in history ... representing 792 million people and accounting for 40 percent of the world economy -- yet it's been devised in secret. Lobbyists from America's biggest corporations and Wall Street's biggest banks have been involved but not the American public. That's a recipe for fatter profits and bigger paychecks at the top, but not a good deal for most of us, or even for most of the rest of the world. Big corporations and Wall Street want ... more international protection when it comes to their intellectual property and other assets. But they want less protection of consumers, workers, small investors, and the environment, because these interfere with their profits. So they've been seeking trade rules that allow them to override these protections. Not surprisingly for a deal that's been drafted mostly by corporate and Wall Street lobbyists, the TPP provides exactly this mix. In other words, the TPP is a Trojan horse in a global race to the bottom, giving big corporations and Wall Street banks a way to eliminate any and all laws and regulations that get in the way of their profits.

Note: The above article is written by former US Secretary of Labor Robert Reich. For more along these lines, see this summary of an article that appeared in the Guardian newspaper in 2013. You can also read the TPP's Intellectual property and environment language for yourself.

Longmont [Colorado] has become a cautionary tale of what can happen when cities decide to confront the oil and gas industry. In an aggressive response to a wave of citizen-led drilling bans, state officials, energy companies and industry groups are taking Longmont and other municipalities to court, forcing local governments into ... expensive, long-shot efforts to defend the measures. Two years ago, [Longmont] residents voted to ban hydraulic fracturing from their grassy open spaces and a snow-fed reservoir. In Colorado, the energy industry, which argues that cities lack the authority to outlaw fracking, has already won rulings overturning three fracking prohibitions. Longmont, which sits near the juncture of rolling plains and jagged mountains, has spent about $136,000 fighting — unsuccessfully so far — to defend a 2012 measure that outlawed fracking. In July, a district court judge tossed out the ban, and the city is appealing. A judge also overturned a fracking ban last year in Fort Collins, Colo., and denied pleas from the city to keep the ban in place while local officials went to court to defend a five-year fracking moratorium. In Broadview Heights, Ohio, energy companies are suing the town — and residents are suing the energy companies in return — over a bill of rights that outlawed fracking and the disposal of its byproducts. While the Longmont City Council voted unanimously in August to defend the fracking ban, other towns have decided it is just too costly a fight.

Note: Fracking can poison drinking water, negatively impact human health, and may cause earthquakes.

Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.